This is topic PYCT 's BACK AGAIN in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/024845.html

Posted by oil&gas2006 on :
 
PayChest, Inc. Announces First Stage of Restructuring

SANTA MONICA, CALIFORNIA, Oct 18, 2006 (CCNMatthews via COMTEX) -- PayChest, Inc. (PINK SHEETS:PYCT) announced today a change in directors and principal officers.
As per resolution adopted in October 15, 2006, the PayChest Board has accepted the resignation of Mr. Alejandro Cerda, as Chief Executive Officer, effective immediately. In addition, all other directors and officers previously representing or assuming representation of PayChest have resigned as of October 15, 2006.

Mr. Lawson Pillay will serve as the newly appointed President and Chief Executive Officer, following the recent negotiations between PayChest and Genfin LLC, a southern California financial technology integrator. Mr. Pillay, age 51, currently serves as CEO of Genfin, LLC and several other technology related companies. He also serves as Director to BanX, Inc, a financial services transaction and debit card processor.

This relationship provides PayChest access to a series of financial services and strategic management personnel, to introduce PayChest as an online payment processing network, with capabilities to process online debit, credit, ACH and check payments.

Under the guidance of Mr. Pillay, all new board or management appointments will be made after a thorough review of PayChest's current portfolio. With immediate effect, all operations, both domestic and offshore, shall be relocated to Southern California. As a result of this major reorganization, our online and telecommunications infrastructures may be temporarily disrupted.

Lawson Pillay, PYCT's new CEO stated, "My immediate focus and attention is to add tangible value to PayChest through the introduction of emerging technologies, intellectual property, skilled management and revenue generating operations. I look forward to turning PayChest around in the shortest possible timeframe, with measurable fundamentals to enhance shareholder value, as we progress. Shareholders are advised to anticipate significant operational changes ahead."

Safe Harbor Statement

The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.

SOURCE: PayChest, Inc.


CONTACT: PayChest, Inc.
Investor Relations
Email: info*paychest.com
 
Posted by casviper on :
 
Stay away. Don't believe anything this liar says. SCAM SCAM SCAM.
 
Posted by megahead34 on :
 
Big time scam. I lost some money on this, not fun!
 
Posted by Chris4205 on :
 
Up 100%

Volume = 186,092,031
 
Posted by FurrySound on :
 
looking good
 
Posted by tyleemary on :
 
I smell a Mario Pino.
I have the spin off shares of this, I will NEVER actually buy some.
 
Posted by oil&gas2006 on :
 
Up 100% with good volume. Read the PR, do the research. This stocks going to pop 200%. I just picked up $5,000 worth.
 
Posted by jordanreed on :
 
ouch...you must have money to burn, cuz thats whats gonna happen...
 
Posted by casviper on :
 
Oil, what drugs are you on. This stock has been a disaster from day one. Most of us here have been burned by Pino. I have a bridge for sell. any buyers???
 
Posted by rivrwrat on :
 
looks like another AUGC $5000 good luck selling
 
Posted by tyleemary on :
 
quote:
Originally posted by oil&gas2006:
Up 100% with good volume. Read the PR, do the research. This stocks going to pop 200%. I just picked up $5,000 worth.

You poor thing . Sorry, just makes me wince cuz of the guy who I am sure still has his hands in this.
 
Posted by OILDOG on :
 
Oh you can BET yer bucks Mario's still involved, up to his pointy doo! lmao.He's involved in PYCT,PAIM,PAVC,RRBK,WSSE,and others. O&G,you being "compensated"? The mods need to delete this thread,and YOU.
Furrysound, what "looks good"? Is this one of nomi_ugly 's p&ds? Your one of his "gold members",right! Inquiring minds wanna know!!wwwooooff!
 
Posted by pennystockplay on :
 
I heard there's going to be another pr released Friday morning. Im picking up another $3,000. I made $2,000 yesturday.
 
Posted by OILDOG on :
 
quote:
Originally posted by pennystockplay:
I heard there's going to be another pr released Friday morning. Im picking up another $3,000. I made $2,000 yesturday.

Yep,the 'helps' arrived. Yer profile says 'financial'. hhhhmmmmmmm 2nd post..here.hhhhmmmmm
 
Posted by pennystockplay on :
 
Whatever, the fact is I made $$$$ yesturday and when that pr is released today I will make another $2,000.
 
Posted by jordanreed on :
 
quote:
Originally posted by pennystockplay:
Whatever, the fact is I made $$$$ yesturday and when that pr is released today I will make another $2,000.

what,when,how,did you "hear"?

hint...learn how to spell for more credibility
 
Posted by OILDOG on :
 
"fact" huuuh. So where did you "hear" a pr is going to be released Friday morn (uh..today)?

They just "announced" (*pant* *pant*) that they are moving the "corporate offices" (toothbrush..check deodorant..check...hair wax...check),what could possibly be more exciting than THAT?
After a few years you start to see patterns with these scams,"new guys" showing up,setting up as 'gatekeeper',ect. We'll see. heh
 
Posted by jordanreed on :
 
hey, pennystuckplay!.. I think you're being called out
 
Posted by pennystockplay on :
 
All Im saying is that when the PR hits today there will be a nice gain and you wont be a part of it.
 
Posted by jordanreed on :
 
typical pumper has arrived

those too stupid to see, will soon find out...
 
Posted by OILDOG on :
 
Yep,probably a 'pro'. Care to tell us which crapital investment/promo/boiler room outfit you work for?? [Razz]
 
Posted by jordanreed on :
 
o&g2006 and psp part of the same team?
 
Posted by OILDOG on :
 
Would'nt surprise me. Over on Hot Stocks Free for All pumping it there. Together. Repo's on em.heh
 
Posted by jordanreed on :
 
i think i'll join in
 
Posted by pennystockplay on :
 
Scam or no scam all of us know what a good pr does to the market. Realize it, make your money and get out before it drops. Just like any other stock.
 
Posted by casviper on :
 
LOOK AT THEIR NEW SITE. Who knows if its for real this time or the continued scam however the site looks more professional.
 
Posted by OILDOG on :
 
Their bbbaaaaaccccccckkkkkkk!!! Same scam, part duuhhh!!!
 
Posted by George on :
 
NOT the same players guys....give them some time.. They bought the corp not the people.

Investor F.A.Q. :

1: What is PayChest’s shareholding?
Ans: PayChest currently has 100 billion authorized shares with just fewer than 22.5 billion outstanding shares, of which 15 billion shares are freely traded. It currently has more than 6000 shareholders.
2: What is the progress on PayChest’s 30 day plan?
Ans · Management has taken control of all domain names and web presence which is now hosted in Southern California.
· All operations have been centralized to Southern California and are currently housed with Genfin’s facilities, until the new space lease is completed.
· Mellon Research has been officially retired and PayChest has been granted good standing status with the State of Arizona.
· We have also applied with the State of Arizona to change the resident agency, directorship and the address. The Arizona Corporate Commission has not reflected these changes as yet.
· We have notified Pinksheets of the changes and this should be reflected shortly.
· Investor relations have been established.
· Previous management has completed 3rd quarter financials which has been submitted to Pinksheets for public update.
· All company Stock Transfer documentation and details are in our possession and we have selected Holladay Stock Transfer as the transfer agent, which will be effective shortly.
· Our appointed SEC attorney, is Rick Weed LLP in Southern California.
· We have established offices in Arizona and are awaiting registration completion to complete our lease in Southern California.
· A toll free number 1-800-624-7479 has been reserved and will be operational this week.
· We are awaiting our California Secretary of State company formation.
3: Will there be a reverse split and how will management restructure the current stock position of the company, and are there any expectations for the PPS?
Ans No, there will not be a reverse split at this time. Management feels that a reverse split will not have any benefit to existing shareholders. Stock consolidation will be necessary, when management decides to upgrade PayChest to the bulletin boards or higher. In the interim, the PPS will be determined by a combination of market forces, the outstanding share volume and management’s ability to execute on its business plan.
4: Are Messer’s. Cerda, Pino, Kirby and Crasta part of PayChest?
Ans No they are not, but as part of the transition we had to engage their participation to fulfill a smooth transition. We have transitioned all software and technical operations staff. We have had no dealings with Mr. Crasta or Riverbank Holdings at any time . Mr. Pino was utilized to retire Mellon Research and transition it to PayChest. He has no further operational involvement with PayChest, but is a shareholder. Mr. Cerda’s final obligation has been to complete the 3rd quarter financials. We do not foresee any further need for his services after the transition.
5: Are there any assets in PayChest?
Ans Yes, we are currently in negotiations to sell, liquidate or redeem PayChest stock for some of these assets. These negotiations will be reported on the next quarter’s financials.
6: Is the SEC shutting PayChest down?
Ans The SEC’s investigation of Mellon Research was for improper practices and reporting. This has no bearing on new management’s involvement with PayChest.
7: Are there any pending Legal actions against PayChest?
Ans No.
8: Is PayChest bankrupt?
Ans No, to the contrary PayChest has assets.
9: How will PayChest pay for its operations and technology?
Ans PayChest is currently being funded by Genfin and its partner companies.
10: Is PayChest directly associated with any other public company?
Ans No, PayChest is not directly associated with any public companies at this time. It does, however, possess shares of companies, in accordance with previous management’s decisions, which have been inherited as assets.
11: What is the contact information for any investor or stock questions?
Ans Please direct all questions or inquiries to E-mail : info*paychest.com or refer to the Contact Us portion of the website.
12: Why did management buy into PayChest?
Ans PayChest was acquired because of its online business concept and its large number of shareholders. Furthermore, PayChest trades actively.
13: Can we expect frequent public news?
Ans News will be made available based on material events. The website will serve as the medium for most of PayChest’s news.
14: Can we expect changes to the website?
Ans Expect constant updates to the website as PayChest grows through 2007.
 
Posted by OILDOG on :
 
Pino being a shareholder is enough for me!! George, still pumping this thing? Just how many shares you still bagholding???? [Roll Eyes]
 
Posted by Skyman on :
 
Who was asking the questions? EOM.
 
Posted by betting babe on :
 
omg it's back?!!!

good, buy the shares you gave me that i never wanted.

more like owe-chest.

~BB
 
Posted by George on :
 
quote:
Originally posted by OILDOG:
Pino being a shareholder is enough for me!! George, still pumping this thing? Just how many shares you still bagholding???? [Roll Eyes]

Never pumped a stock in my life. Only stating facts. I am just saying that Pino is gone. Of course he has stock. they gave it to him to get rid of him.
 
Posted by T e x on :
 
quote:
Originally posted by George:
quote:
Originally posted by OILDOG:
Pino being a shareholder is enough for me!! George, still pumping this thing? Just how many shares you still bagholding???? [Roll Eyes]

Never pumped a stock in my life. Only stating facts. I am just saying that Pino is gone. Of course he has stock. they gave it to him to get rid of him.
Pino's not a consultant anymore?
 
Posted by Skyman on :
 
If you have any questions about this company AT ALL, don't buy it.
 
Posted by logical buyer on :
 
This blew up again because Mr. Leb. pumped this stock up. I received 9 e-mails from him within the past two weeks. I can't spell his name out, without it being block out by allstocks.
 
Posted by casviper on :
 
I emailed these idiots the other day asking for an update on their 30 day action plan, especially when the 30 days are up. They referred me to their website to review their FAQ. Same old shyt with these people. I was hoping that it would rise enough so I can sell without a loss.
 
Posted by Acer911 on :
 
IMO this company will have a good run until the end of the year... Dec 20 they launch.
 
Posted by mizzou7 on :
 
This "SCAM" will never change... I lost my *** in this stock... I wouldn't buy this if it was climbing to a dollar!!!

They lied about MLON, PYCT and XMET... I still have 4400000 shares of XMET and 4500000 shares of some spin-off of PYCT.... It's all BS. Make what you can and get the **** out!!!
 
Posted by Acer911 on :
 
Im sorry but i see Paychest becoming a major player. Paypal has become a major player. Paychest hasnt even launched yet and when it does, it should get the attention of companies seeking its services, like Ebay did with Paypal. so this has big future. so hold ur shares and youll be thankfull.
 
Posted by mizzou7 on :
 
I have "NO" shares in this "SCAM"... Don't bet the farm on this POS...

quote:
Originally posted by Acer911:
Im sorry but i see Paychest becoming a major player. Paypal has become a major player. Paychest hasnt even launched yet and when it does, it should get the attention of companies seeking its services, like Ebay did with Paypal. so this has big future. so hold ur shares and youll be thankfull.


 
Posted by bilgert on :
 
quote:
Originally posted by Acer911:
Im sorry but i see Paychest becoming a major player. Paypal has become a major player. Paychest hasnt even launched yet and when it does, it should get the attention of companies seeking its services, like Ebay did with Paypal. so this has big future. so hold ur shares and youll be thankfull.

The only thing Paypal and Paychest have in common are the first three letters in the name of their company. I only lost $100 on this POS when I was a newbie in pennies and consider myself very, very blessed.

The company has a reported a/s of 100 BILLION on 6/06. It's a stinky pinky and it could be even greater now. Be afraid- be very afraid...

There may be a new CEO in town, but I bet Mario is within smelling distance.
 
Posted by mizzou7 on :
 
You can bet on it... Mario is nothing but a "PUNK"...

quote:
Originally posted by bilgert:
quote:
Originally posted by Acer911:
Im sorry but i see Paychest becoming a major player. Paypal has become a major player. Paychest hasnt even launched yet and when it does, it should get the attention of companies seeking its services, like Ebay did with Paypal. so this has big future. so hold ur shares and youll be thankfull.

The only thing Paypal and Paychest have in common are the first three letters in the name of their company. I only lost $100 on this POS when I was a newbie in pennies and consider myself very, very blessed.

The company has a reported a/s of 100 BILLION on 6/06. It's a stinky pinky and it could be even greater now. Be afraid- be very afraid...

There may be a new CEO in town, but I bet Mario is within smelling distance.


 
Posted by T e x on :
 
quote:
Originally posted by T e x:
quote:
Originally posted by George:
quote:
Originally posted by OILDOG:
Pino being a shareholder is enough for me!! George, still pumping this thing? Just how many shares you still bagholding???? [Roll Eyes]

Never pumped a stock in my life. Only stating facts. I am just saying that Pino is gone. Of course he has stock. they gave it to him to get rid of him.
Pino's not a consultant anymore?
lol...

repeating: Pino's not a consultant anymore?
 
Posted by casviper on :
 
Dec 20th will be the telling of this story. If in fact it comes to light then maybe, just maybe this can be pulled off. If there are new owner and it sounds like it they can get rid of some of those shares which could begin to attract some new investor. At present this company has a huge trust issue they need to address. The first is the business itself. If they get that working I think people may begin to pay attention to this business model. If we begin to see advertising for the business/website then that too will help with the trust issue. Retire shares will also help the trust issue. I've been in this from the MLON so I have nothing to lose by giving this another chance. I would suggest those who haven't purchased NOT TO PURCHASE until we see where this is going. AS you can tell I'm not a pumper to a stock I own.
 
Posted by casviper on :
 
PayChest Announces Products and Services Launch

SANTA MONICA, CA, Dec 01, 2006 (MARKET WIRE via COMTEX) -- PayChest, Inc. (PINKSHEETS: PYCT) today announced the launch of its online payment gateway products: PayChest ACHnet, PayChest E-Check, PayChest RD21 and PayChest Credit Card Processing.
Through multiple agreements with regional banks, card processors and payment technology integrators, PayChest can now deliver a true e-commerce solution to online merchants and simultaneously provide a fully integrated electronic payment gateway.

The PayChest electronic suite of payment products enhances PayChest's commitment to delivering electronic merchant and consumer payment solutions.

In addition, PayChest will offer a turnkey online solution for prospective e-commerce business, comprising the setup of a website, an e-commerce shopping cart, web hosting, email server solutions, and merchant services.

This bundled package will be offered at an affordable rate and is expected to attract a range of online business from home based to larger business.

PayChest RD21 offers a remote depositing solution suitable for kiosks, check cashers and business with remote deposit needs. The PayChest ACHnet allows online money transfer between business and consumers nationwide via the federal ACH network.

These online services will be restricted to the United States until further notice. The credit card processing services will be provided globally. PayChest will launch these services on December 20th, 2006.

PayChest's CEO, Mr. Lawson Pillay, stated, "I am pleased with the progress achieved to date. These services mark the beginning of a solid foundation for PayChest's valuation and future growth."
 
Posted by George on :
 
17 million shares traded today.

Tex

Pino is not even a consultant now.
They had to use Pino during the process of buying the company but he and all others are gone now. I have researched this and played with it a little during the Pino days. It is a total new ownership now and they will have a hard time over coming the past but they must of got a good deal on the price. I am aware of all of the past with this one and may other that were run the same way..EPYH, GRYF, WGFL, NNOS, WHLI, MAMG, Qbid...even GTEL....I made 25k on GTEL, 10K on QBID and mad and lost money on others..it is the game in penny land. I think this one will pay off again and so will GTEL.

to
 
Posted by T e x on :
 
weren't you on-thread during GVRP?

So did the company file/PR something to the effect that Pino's consultant gig ended?
 
Posted by casviper on :
 
If this thing doesn't launch on the 20th then game over. However, if this new team pulls this off and it's launched on the 20th then just maybe this could be the 2007 surprise. I guess we will know on the 20th.
 
Posted by George on :
 
quote:
Originally posted by T e x:
weren't you on-thread during GVRP?

So did the company file/PR something to the effect that Pino's consultant gig ended?

Yes sir...I bought one of those lotto tickets...I wished I sold during the first couple of days. I still have my shares locked up in the safe. What is their new trading symbol? MAMG got washed and sold to a new name...bunch of BS....

I was on here a lot during the first GTEL run and banked about 25k on that. It is getting me interested again so I am out researching. It is up 150% or so in the last few days. GTEM. I am looking to ride it again.

I also expect this PYCT to take off through the first of the year.
 
Posted by George on :
 
quote:
Originally posted by T e x:


So did the company file/PR something to the effect that Pino's consultant gig ended?

From PR on 20 October.

"The initial strategy calls for immediate changes in staffing and technology. All existing PayChest relationships with directors, employees and contractors have been terminated. PayChest now has direct access to staff and technology through Genfin and its strategic partners. These resources will provide PayChest with intellectual property, financial processing software and connectivity to currently operational financial gateways."
 
Posted by casviper on :
 
DRUM ROLL PLEASE

Do we launch tomorrow or not? Taking bets.
 
Posted by George on :
 
News on the website:


Pre Launch News :

PayChest confirms it is ready to launch its suite of solutions. These solutions include online financial payment services for individuals, organizations and businesses alike.

To advance these Services, PayChest relies on relationships with the banking community including Bank of America, Wells Fargo, CitiGroup, First Premier Bank and BanXCard.
 
Posted by casviper on :
 
Could this actually be for real? Wouldn't this be a shyt kicker if this stock actually is now a real company that finally got its act together. I'll give up on CSHD for this to be real. I guess time will tell.
 
Posted by George on :
 
GET IN NOW.......

News Update:

PayChest Releases Products

Look for product releases and Web enhancements through the day.

A formal press release will cross the market wires shortly today.
 
Posted by George on :
 
PayChest Launches on Target; Sets Sights for 1st Quarter 2007
Wednesday December 20, 1:23 pm ET


HUNTINGTON BEACH, CA--(MARKET WIRE)--Dec 20, 2006 -- Expanding its scope, flexibility and potential market applications, for electronic financial payment solutions, PayChest Inc. (Other OTC:PYCT.PK - News) today announced the launch of PayChest RD21, PayChest E-Chek and PayChest E-Commerce services.
ADVERTISEMENT


The expanded services provide payment solutions to consumers, organizations and business alike.

The PayChest RD (remote deposit) 21 service converts paper checks into electronic images expediting the processing and clearance of check deposits. This service reduces the need for paper checks and allows a business to remotely deposit checks via a digital image, to participating banks and vendors.

This service will only be available in the United States.

Key benefits include:

Quicker settlement of funds without significant hold periods

Expedited return information

Easy access via a secure Web-based front-end

Integrated reporting of electronic check payments

Reduction of check handling costs

PayChest E-Chek provides a secure electronic check payment solution for business and individuals processing payments, via the internet utilizing an existing checking account. The PayChest E-Chek program allows for payment to consumer and business accounts.

These products are being marketed via direct and indirect sales channels, utilizing existing distributors and agents of our partners..

The launch of these services comes on the heels of the "Thirty Day Action Plan" initiated by the company's CEO, Mr. Lawson Pillay.

Commenting on the Action Plan and launch results, Mr. Pillay said, "Firstly, I am thankful to our shareholders, partners and employees for their continued support and patience. We initially encountered some administrative and infrastructure delays, but I am excited that we were able to launch our new services as scheduled. We are finishing this year with a solid foundation for growth into 2007. We have relocated our operations to Southern California in line with expectations. We will continue to deliver on an aggressive new product schedule, in the first quarter of 2007 and promote our services through our partners. The 'soft' launch initiated today, also serves as testament to PayChest's commitment to monitoring quality control in a live environment. During this period, our developers will be able to make adjustments, if any, in anticipation of our full scale marketing launch in Q1, 2007. We will continue to diligently add new products and new partners."

First Quarter Service Release Schedule

January 2007 -- PayChest Rewards marketing program. Furthermore, the Rewards program will be released in conjunction with a debit card. The debit card and Rewards program will be marketed to payroll processors, direct employers, tax preparation companies, employment agencies, retail financial centers and sales organizations.

February 2007 -- a series of flexible, global gift card programs, for domestic and international markets will be released.

March 2007 -- international banking gateway access is currently being negotiated with several countries, for connectivity by March. This will mark our entry as a fully integrated global financial service provider.

Press announcements relating to the above launch schedules, will be released accordingly with more details.
 
Posted by casviper on :
 
PR came out and the pps went down. I thought it would. I don't see this moving until the website is up and working and service are being provided.
 
Posted by casviper on :
 
IT WORKS !!!!! You can create an account. WOW!!! This may actually be the real thing this time. Website is up and running.
 
Posted by George on :
 
It is for real and it will only take time now. I will pickup some more cheap shares.
 
Posted by casviper on :
 
It looks like they ran into some problems today. At least they were honest and posted on it on their website. Down today hopefully it was the bottom.
 
Posted by OILDOG on :
 
convert paper checks into electronic images" My banks have been doing that for several years. Johnny-come-late.

Thank shareholders for their patience. lol. Bagholder patience. For some its....infinite.

No audited financials,just pr's.Not even unaudited financials by a legit firm,so someone can be held accountable and go to Club Fed. Just a slap on the hand,last time.
No, no "investment",here. Cheap shares. They tend to get very cheap,all too often. A pinksheet "financial" business????lmao
 
Posted by casviper on :
 
PayChest Announces Rollout of Financial Services

HUNTINGTON BEACH, CA, Jan 26, 2007 (MARKET WIRE via COMTEX) -- PayChest, Inc. (PINKSHEETS: PYCT) today announced the rollout of several online financial services and provided updates on the company's banking relationships today. The announcements were made after a series of network and processing upgrades were completed, to streamline the online money transfer products.
The financial services made immediately available to the public include short-term payday loans through First Cash America, a company affiliated to PayChest through Mr. Pillay. Additional PayChest product rollouts include the release of the Banx debit card and the rewards program, scheduled for public release by February 20th, 2007. The rollout of the E-Store solution, as a comprehensive one-stop global e-commerce offering for small and large enterprises, will be accompanied with a press release next week.

Mr. Pillay stated, "As a global online financial services gateway, PayChest provides consumers the ability to transfer, pay or loan money from mobile devices or online. We have been able to enlist these services from our affiliate company banking relationships and I will continue to leverage these to PayChest's advantage. Our current banking relationships include Wells Fargo, Washington Mutual, Bankfirst, FBOD, Banxcard and First Premiere Bank."

He further stated, "This integration differentiates PayChest from others in the industry and is attracting the attention of larger search engines with our capabilities in this unique space. We will continue to set a new standard with further innovation and integration."
 
Posted by mizzou7 on :
 
This company will never escape its name.... PYCT/MLON...
 
Posted by casviper on :
 
PayChest e-Store Commerce Solution Is Launched

HUNTINGTON BEACH, CA, Feb 01, 2007 (MARKET WIRE via COMTEX) -- PayChest, Inc. (PINKSHEETS: PYCT) today announced the release of the PayChest e-Store merchant solution, a feature-rich, fully scaleable e-commerce storefront for online businesses. The launch coincides with the company's aggressive product rollout for the first quarter of 2007.
With a clear focus to increase revenues and reduce transaction costs for online retailers and their customers, the PayChest e-Store web solution provides enhanced electronic marketing, e-commerce, order fulfillment and management tools, to small and medium-sized online business.

The electronic marketing tools provide online retailers with the data necessary to build valuable customer databases, optimizing their marketing efforts. These tools include permission-based electronic messaging, search engine optimization, analytical business reporting and tracking services.

The new service shopping cart supports an unlimited number of products, departments, categories and configurations in the shopping cart view. Further product enhancements on the platform include the support of products sold to be shipped and products and services available for downloads, such as e-books, or ring tones.

The e-Store integrates to the PayChest gateway, allowing online merchants the ability to customize their customer's ordering experience to suit their business needs. The order fulfillment process also includes easy check out capabilities and access to the shipping gateways.

"The PayChest e-Store solution leverages the latest e-commerce capabilities enhancing the online business experience for internet retailers and customers alike," said Mr. Lawson Pillay, CEO of PayChest. "PayChest's e-Store coupled with our financial services, provides our company a unique opportunity in the e-commerce space. At a benchmark price of $69.95 with enhanced services, PayChest e-Store is well positioned in the marketplace. With this new offering, we achieve the objectives of increasing online retailer revenues, provide the latest in technology, without jeopardizing quality and further reduce transaction costs for online businesses. The e-Store combined with the world rewards program, to be unveiled later this quarter, provides the e-Store retailer with increased sales through our unique affiliate marketing platform."
 


© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2