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Non-Tech : PYCT - Paychest, Inc.
PYCT 0.00Aug 30 4:00 PM EDT

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From: mortalmyth11/3/2012 12:23:47 PM
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Mibus Inc. (World-Wide Sales for Paychest) Status

Here is the website to use to obtain the latest status for Mibus Inc. The company continues to be in DEFAULT even though Paychest is supposedly in product production since last November and is trying to find distributors and make sales.


Business Entity Information

Status: Default
File Date: 12/5/2011
Type: Domestic Corporation
Entity Number: E0649822011-8
Qualifying State: NV
List of Officers Due: 1/31/2012

Officers Include Inactive Officers
No officers found for this company

Why is Paychest letting this company remain in default? Is Paychest really trying to sell product or, as some posters say, are they just clowning shareholders around? This is somewhat puzzling, just like recently spending their limited funds on penny stock promoters (such as shakerzandmoverz), instead of any product marketing efforts such as trade shows, conferences, magazines, etc. This just doesn't make much sense to me.

So, just what's really going on? It's like Patrick Hornung, semi-busy real estate agent, never heard from in connection with Paychest, doesn't want his name on it and nobody is willing to pay the fees due (which are now up to $500 and will continue to rise). Interesting of note is that this company didn't even exist on paper until 3 days before the Paychest PR. Since the PR was issued nothing has been done. Sure looks like some clowning around to me.

PayChest: Hornung (25 Year Senior Sales Executive) Running North American Sales & Marketing

HONG KONG--(Marketwire - Dec 8, 2011) - PayChest Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce the appointment of Mibus Inc. and its President, Mr. Patrick V. Hornung as the exclusive North American Sales & Marketing Agent for PayChest's Flushaway® technology sales and marketing management. Mibus Inc. is a private company incorporated solely for carrying out the sales/marketing agency role.

Patrick V. Hornung is a sales and marketing expert, with a 25 year track record, in achieving high sales growth of fast moving consumer goods. He is well versed in the needs of the retail sector and has proven, FMCG and senior sales & brand management experience in organisations such as Nabisco, Sepps Gourmet Foods, and direct experience of selling & marketing feminine sanitary products at Kimberly-Clark in Peru.

Under the direction of Patrick, Mibus Inc. has the discretion to engage other distributors, agents, PR companies etc., as it sees fit, to achieve the target North American sales growth, market penetration and profitability that has been reviewed, discussed, and agreed with PayChest.

Over recent weeks Patrick has guided and directed improvements in product branding, packaging and pricing. These improvements have already made the product more attractive for retailers and consumers and will be published later.

As planned and previously announced, Tobie Oliver is undertaking more sales and marketing activities and will work closely with Patrick.
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