PYCT Paychest Inc (CE)

PayChest, Inc. (OTC Pink: PYCT) (the "Company") wishes to announce an upcoming special shareholder meeting. Documents and particulars pertaining to the upcoming shareholder meeting will be mailed this week.

The purpose of the shareholder meeting is to address certain corporate requirements and obtain shareholder ratification of certain past actions by past officers and the prior Board of Directors, as part of the Company's plan to regularize its relationship with the Depository Trust Company.

Shareholders will be asked to vote on a number of things including a change to the company name, to reincorporate in another jurisdiction within the USA, ratify past actions by the company's Board and management and update Company documents to reflect the current corporate structure.

Shareholders and interested parties are encouraged to call or e-mail the Company and be put on the Company's e-mail list for upcoming news releases.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.

Historical news releases on the Company can be found at http://www.paychest.com/news.htm.

Contact: Paychest, Inc. ir@paychest.com Tom Hands 1-416-619-5242 from overseas: +1-416-619-5242 Tobie Oliver 1-800-624-7479 from overseas: +1-714-274-7206