Monday, February 02, 2009 10:27:03 PM
PayChest Inc. Discusses Possible Buyback
VANCOUVER, BC -- (Marketwire) -- 10/01/08 -- PayChest Inc. (Arizona) (PINKSHEETS: PYCT) -- The Company has received numerous shareholder inquiries concerning a buyback of the company's shares.
As previously reported, the Company recently acquired certain rights to "Flushaway," a revolutionary product and technology that delivers a feminine hygiene product with a standard look, at a competitive retail price, that has the most comfort, most convenient disposal and the best environmental credentials of any product in its class. This product and the sales markets acquired have sales potential of many millions of dollars.
In addition, the Company also announced an upcoming dividend to shareholders.
Management believes that, taking these factors together, the share price is extremely undervalued. The Company has no current plans to buyback shares but may reconsider this in the future if Management determines it is appropriate. The company's shares outstanding are unchanged at 19.85 billion shares.
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