PayChest Upgrades Annual Report Disclosure on Pinksheets
23 March 2012 - 2:18AM
Marketwired
Paychest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is pleased to report to the market
that the Company's newly filed 2011 Annual Report is compliant with
the OTC Markets Alternative Reporting Standard Guidelines and
provides adequate current information as defined in the
Guidelines.
The "Paychest, Inc. 2011 Annual Report" can be found on
www.OTCMarkets.com.
Management anticipates a supporting Attorneys Opinion Letter
will be filed by the middle of next week.
The filing of the 2011 Annual Report together with the Attorney
Letter should allow the Company to be reported as "Pink" and
eliminate the Yield sign that has been shown against the PYCT
ticker symbol on OTCMarkets.com.
This marks a further improvement in the Company's reporting as
intended and previously stated by Management, as the Company goes
from Limited Information to the Alternative Reporting Standard.
Management believes this is the first time in recent history that
the Company's reporting has been compliant with the OTC Markets
Alternative Reporting Standard.
This progression builds on the Bloomberg information update as
announced on Feb 24, 2012 as part of a broader approach to appeal
to more international investors and shareholders.
Historical news releases on the Company can be found at
http://www.paychest.com/news.htm.
"Pink" is a registered trademark of OTC Markets Group Inc.
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.
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
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