PayChest, Inc. Finalizes Agreement With Merchant Account Provider
MEXICO CITY -- (MARKET WIRE) -- 05/25/06 -- PayChest, Inc. (PINKSHEETS: PYCT) is pleased to announce they have completed all negotiations with a sought after major merchant account provider and momentum continues with two other merchant account providers currently under similar agreements.
Also, the PayChest team is currently merging the fund transferring services program utilized by PayChest's website, http://www.PayChest.com, which is being revamped for an upgraded version.
"We are just one more step closer to completing the implementation of Paychest's fund transferring services. The incorporation of the merchant account provider will make it simple for PayChest customers across the globe to send and receive funds via check, credit card and/or banking accounts," says Alejandro Cerda, CEO of PayChest.
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, http://www.paychest.com.
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.
posted
First time posting, long time bag holder. I have been stuck with this POS since the run of 2004. Were they going to try and list on the BB or AMEX?
IP: Logged |
posted
who knows. I guess we will have to see whether they get this transaction system up or not. If they are legit then I think it would have paid off for us to hold. (I've been holding just as long 3.1 million shares) Otherwise I guess we have another write off
IP: Logged |