Paychest Inc (PYCT)

[starthewonderpup]

LOL. The rats are bailing:

--Feb. 4, 2005--The Hee Corporation, Inc. ("HEE") (HCCF on OTC
Pink Sheets) On November 9, 2004, HEE Corporation (HCCF.PK)
entered into an agreement with Wall Street Group, LLC. Under
that Agreement, Wall Street Group, LLC was to provide specific
services in the area of public relations, advertising campaigns,
preparation of materials for use with the investing public, and
other activities designed to improve the value of company stock.
That Agreement expires on February 9, 2005. As compensation for
that agreement and the services to be provided by Wall Street
Group, LLC, they received 8,333,333 shares. Over the next month,
Wall Street Group, LLC presented HEE Corporation with additional
suggestions and new agreements including one for the private
placement of HEE Corp stock. HEE rejected all of those
proposals. On December 27, 2004, and after much negotiating,
Mellon Research, Inc. asked HEE Corporation to enter into an
additional Agreement. HEE Corporation agreed with that proposal
and, as compensation for promised services, delivered to Mellon
Research, Inc. an additional 35 million shares. Mellon Research,
Inc, paid HEE Corporation $100,000.00 in cash and $100,000.00 in
Mellon Research, Inc. stock. The cash payment came from
undisclosed investors and the stock from Mellon Research, Inc.
Mellon was to provide HEE with a CPA experienced in securities
and other professionals in order to establish the framework for
HEE to become a Bulletin Board Company.



In late January 2005, Wall Street Group, LLC asked HEE
Corporation to agree to an assignment of their Agreement to
Mellon Research, Inc. HEE Corporation decided not to agree to
the assignment, took issue with an unauthorized press release of
Mellon, and decided to discontinue any further negotiations with
Wall Street Group, LLC and Mellon Research, Inc.



HEE Corporation fulfilled all its obligations under the
Agreement with Wall Street Group, LLC and the Agreement with
Mellon Research, Inc. and has no future plans to be involved
with either firm.