PayChest Upgrades Annual Report Disclosure on Pinksheets
Mar 22, 2012
OTC Disclosure News Service
Lantau, Hong Kong –
PayChestInc. (the “Company”) is pleased to report to the marketthat the Company’s newly filed 2011 Annual Report is compliant withthe OTC Markets Alternative Reporting Standard Guidelines andprovides adequate current information asdefined in the Guidelines.
The “Paychest, Inc. 2011 AnnualReport” can be found on www.OTCMarkets.com.
Management anticipates asupporting Attorneys Opinion Letter will be filed by the middle ofnext week.
Thefiling of the 2011 Annual Report together with the Attorney Lettershould allow the Company to be reported as “Pink” and eliminatethe Yieldsign that has been shown against the PYCT ticker symbol onOTCMarkets.com.
This marks a further improvementin the Company’s reporting as intended and previously stated byManagement, as the Company goes from Limited Information to theAlternative Reporting Standard. Management believes this is thefirst time in recent history that the Company’s reporting has beencompliant with the OTC Markets Alternative Reporting Standard.
This progression builds on theBloomberg information update as announced on Feb 24, 2012 as part ofa broader approach to appeal to more international investors andshareholders.
Historicalnews releases on the Company can be found athttp://www.paychest.com/news.htm.
“Pink”is a registered trademark of OTC Markets Group Inc.
NOTES ABOUT FORWARD-LOOKINGSTATEMENTS
Exceptfor any historical information contained herein, the mattersdiscussed in this press release contain forward-looking statementsthat involve risks and uncertainties, including those described inthe Company’s filings with OTC Marketshttp://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained inthis release that are not historical facts constitute forward-lookingstatements, within the meaning of the Private Securities LitigationReform Act of 1995, and are intended to be covered by the safeharbors created by that Act. Reliance should not be placed onforward looking statements because they involve unknown risks,uncertainties and other factors which may cause actual results,performance or achievements to differ materially from those expressedor implied. Forward looking statements may be identified by wordssuch as estimates, anticipates, projects, plans, expects, intends,believes, should and similar expressions and by the context in whichthey are used. Such statements are based upon current expectationsof the Company and speak only as of the date made.
Contact: Paychest, Inc. email@example.com
TomHands : 1-416-619-5242 from overseas: +1-416-619-5242
TobieOliver : 1-800-624-7479 from overseas: +1-714-274-7206
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.