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

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From: mortalmyth11/4/2012 11:39:27 PM
   of 40
 
Distributor David Shaw & Company is MIA ...

The effort to verify the Paychest PR regarding the P.O agreement and distributor David Shaw & Company has hit a dead end (it is Missing In Action). Pursuit in verifying the existence of David Shaw & Company appears to be something akin to the "Where's Waldo?" game. If anyone has other leads or contact information pertaining the distributor company identified in the subject PR so they can be verified, please feel free to share it and this post will then become obsolete.

a) The Paychest PR:
marketwire.com

APR 16,2012==PayChest Receives $1.2 Million Purchase Order

HONG KONG--(Marketwire - Apr 16, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)

PayChest Inc. (the "Company") is very pleased to announce it has received its first Purchase Order worth $1.2 million.

The Purchase Order, from David Shaw & Company in the UK, requires delivery of 16 containers of Mibella flushable and biodegradable sanitary products over 12 months. Each container of product is worth more than US $75,000 in gross revenue to the Company.

David Shaw & Co. is a UK & Ireland distributor with more than 30 years' experience selling to large UK, Irish and European retailers.
...

b) The quest to verify the existence of David Shaw & Company:
A concern exists on the inability of investors to verify statements made within the Paychest PR regarding a product distributor called David Shaw & Company of the UK.

Some investors have expended time and effort in trying to verify the actual existence of a product distributor business identified as David Shaw & Company of the UK (per the company PR). Three potential candidate businesses were identified, with only one having contact information listed (but which was indicated to not have done any real business in years). This identified information is depicted in item c below. Attempts made by me to contact this business through the listed e-mail were unsuccessful. Other posters indicated they tried the listed phone number and it was not in service. As of today no further additional clarification been disclosed to the public by Paychest. Because of this lack of being able to verify the existence of the company, there is some concern about the subject press release.

c) The resulting leads identified for a potential business called David Shaw & Company:

davidshaw.biz
whois.domaintools.com

Billing Contact ID: TUKABDBEHK895E72
Billing Contact Name: David Shaw
Billing Contact Organization: David Shaw and co
Billing Contact Address1: 36 Stoneyfields Lane
Billing Contact City: Edgware
Billing Contact State/Province: Middlesex
Billing Contact Postal Code: HA89SL
Billing Contact Country: UNITED KINGDOM
Billing Contact Country Code: GB
Billing Contact Phone Number: +44.02089598308
Billing Contact Email: davidshaw83@onetel.net.uk

Once again, if anyone has other leads or contact information pertaining the distributor company identified in the subject PR so they can be verified, please feel free to share it and this post will then become obsolete.

Good day to all.
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