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[QUOTE]Originally posted by mizzou7: [QB] Press Release Source: PayChest, Inc. PayChest Upgrading Its Global Payment System Friday April 28, 11:32 am ET MEXICO CITY--(MARKET WIRE)--Apr 28, 2006 -- PayChest, Inc. (Other OTC:PYCT.PK - News) today announced that programming for the upgrading of the company's Internet Payment System is on schedule and is now 80% complete. ADVERTISEMENT Negotiations are still ongoing with a number of new potential gateway partners, which will enable PayChest members to fund their transfers and online purchases using credit cards. The company also plans to launch its own PayChest ATM card which can be funded from a PayChest member's account online. This will enable PayChest members to withdraw funds from any of the one million ATMs in 160 countries around the globe. PayChest Inc. continues to eye the payment gateway markets not being serviced by PayPal around the world including the Philippines. According to some reports, the government of the Philippines said its economy grew at the fastest pace in more than eight years because workers overseas sent home more money than ever -- $10.8 billion. PayChest is uniquely positioned to capture this market segment along with the raging Asian markets like China and the emerging Central and South American economies. About PayChest, Inc. Founded in 2005, PayChest has developed a proprietary and secure back end payment processing system that can easily be accessed and utilized by anyone with web access and an e-mail address in any country around the world. PayChest has developed a processing system that leverages the existing financial infrastructure of the global banking community and/or credit card companies to enable consumers and business owners located in every corner of the world to securely send, receive and/or process payments with others via the company's Web site. The company's payment processing system operates in real time and incorporates a user interface that is designed to be convenient for any user and does not require any technical know-how to send and receive payments. For more information please contact Alejandro Cerda CEO, +(5255) 5673.2364, Gavillero 32, Residencial Villa Coapa, 14390, Mexico D.F., Mexico, [URL=http://www.paychest.com.]www.paychest.com.[/URL] This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur. Contact: For more information please contact: Alejandro Cerda CEO +(5255) 5673.2364 http://www.paychest.com -------------------------------------------------------------------------------- Source: PayChest, Inc. [QUOTE]Originally posted by mizzou7: [qb] From the RB Board!!! By: sentry77 29 Apr 2006, 10:17 AM EDT Msg. 38 of 44 Jump to msg. # I called Kirby Manuel in the Phillipines today. I am Very pleased with what he had to say. This guy definetly knows what he is doing and he means business. Kirby is sincere and a honest guy. He told me a good amount of info and I asked a good amount of questions. He could careless if your an investor of PayChest he is just doing his job what PayChest hired him to do. He is well aware of this company's prior performance and it seems that's a thing of the past now. PayChest has moved foward and I expect alot out of this company over the next couple of months. Commercial Banking relationships in the Phillipines, China, Austraila, Austria, U.S. etc. 8 - 12 months 3 million customers, Contracts with online e-merchants, And the PayChest ATM card is going to be big! I'm buying Monday. With that press release yesterday I wasn't to thrilled. Investors I would call Kirby! Kirby Manuel: Director of Information Technology Telephone US: 509 987 0182 [Currently in the Philippines until May 8. Cell Here: +63 920 483 8399 [/qb][/QUOTE] [/QB][/QUOTE]
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