Paychest Inc (PYCT)

[dcjr4107]

PayChest Inc. was chosen as the investment vehicle by the investment group for several reasons. First, the investment group inherits a large and very loyal shareholder base. The company has over 6500 shareholders and growing. Approximately 5000 shareholders hold 1 million shares or less. Studies have shown it can cost anywhere from $300 to $500 and more using market awareness programs to acquire a shareholder. This costly shareholder infrastructure was already in place. Secondly, the shares of the company trade publicly and are at historic lows. This allows for substantial upside in the company's share price in the future. The shares presently trade in the US micro-cap market (Pink Sheets) that is traditionally known for large trading volumes. The liquidity in the micro-cap market makes it much easier to obtain financing from investor groups going forward. In addition, there are substantial tax losses that can be carried forward sheltering future income and thus creating a tax savings. Lastly, the company had essentially a clean balance sheet that consisted of a small liability under $60,000 for previous work completed for the company.

http://www.marketwire.com/press-release/PayChest-Inc-2008-Year-End-Corporate-Review-945919.htm