PayChest 2011 Annual Report Attorney Opinion Letter Filed
06 April 2012 - 1:35AM
Marketwired
Paychest, Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to
announce the filing of the Attorneys Opinion Letter supporting the
Company's recently filed 2011 Annual Report.
The "Paychest, Inc. 2011 Annual Report" can be found on
www.OTCMarkets.com and is compliant with the OTC Markets
Alternative Reporting Standard Guidelines and provides adequate
current information as defined in the Guidelines.
The filing of the 2011 Annual Report and Attorneys Opinion
Letter is expected to lead to the Company being reported as "Pink,"
in the next few days, 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 Current under 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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