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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Paychest Inc (CE) | USOTC:PYCT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Dear Stakeholders
During the year the management team at Paychest has been quietly but diligently working towards two major goals:
We have aspired to establish the Paychest corporate name at an elevated standard, where the stakeholders are able to trust the financial and other statements of the Company. My 2010 end of year statement mentioned that the "financial data as presented to the new management team has taken some time to unravel, and we continue to investigate and clarify matters as they were presented." Although this is an ongoing process, after much work we now have the Company filings and financial reporting structured and being prepared independently. We have also been able to meet the stock certificate audit standards of DTC and are now supported by an SEC recognized and approved transfer agent; both are significant steps towards market trust.
For the coming year we will be able to devote more time and human resources to the business of business, with most if not all of our significant obstacles removed. We are optimistic about our product and its ability to carry itself into the market.
We have made some significant progress in a number of crucial areas relating to production and sales and are now seeing these labors coming to fruition. These include the re-branding and repackaging of the product which will be announced shortly, commencement of production, establishment of marketing and distribution networks, raising of development capital, with the next step being purchase orders in hand, which we believe to be imminent -- stay tuned for an announcement in the near future.
We intend to devote ourselves to driving sales and revenue for the Company, and to ramping production output to meet anticipated demand.
The statement below tells you in dry terms about our milestones and aims. It will not tell you the confidence the management team has in our ability to make Paychest a viable and substantial cash flow business.
Wishing you and your families a safe and Happy Festive Season, and a prosperous and healthy New Year.
Pete Coorey President and CEO
PayChest 2011 Year End; Review & Plan
During 2011, PayChest achieved a number of significant milestones that have transformed the Company. Those milestones are as follows
During the 2012 calendar year the Company is aggressively planning the following:
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
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