VANCOUVER, BC--(MARKET WIRE)--Aug 20, 2008 -- PayChest Inc. (Arizona) (Other OTC:PYCT.PK - News) announced that due to unforeseen circumstances, a new record date for the Spin off will be announced shortly.

The company is also in the process of changing the name of the parent company, CUSIP number and stock symbol. The company reaffirms its ongoing commitment that it will not implement a reverse split and confirms PayChest's current outstanding stock position is 19.85 billion shares.

About PayChest

PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.

About PayChest (Oregon)

PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based platforms to integrate into an existing business system.

Safe Harbor Statement

The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.

     Contact:
     PayChest Inc.
     Investor Relations
     1-877-525-5170
     ir@paychest.com