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   Non-TechPYCT - Paychest, Inc.


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From: jmhollen3/2/2006 5:19:15 PM
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WARNING: This is a subtention of the old MLON effort ( Subject 56309 )

DYODD x 3.

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From: jmhollen3/2/2006 5:23:13 PM
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PINK SHEETS NEWS SERVICE:

MELLON RESEARCH INC. ENGAGES SEC AUDITOR
Mar 1 2005 3:15 PM ET
INFORMATION STATEMENT 15c211
Feb 28 2005 12:33 AM ET
Mellon Research, Inc. stock has 100% increase in value since 200 to 1 forward split last week
Apr 22 2004 9:48 AM ET
Mellon Research, Inc. Retains Ad Agency to Create National Brand and Drive Market Awareness
Apr 12 2004 2:55 AM ET
Mellon Research, Inc. Announces Aggressive Program to Work with Offshore Companies
Apr 7 2004 6:00 AM ET
Mellon Research, Inc. meeting with China client who manufactures children's clothing for Toys R Us and signing contract with a Chinese Pharmaceutical Company to go public in next 10 - 15 days
Mar 22 2004 4:08 PM ET
Mellon Research, Inc. $200 Million USD in real estate in Cabo San Lucas, Mexico.
Mar 16 2004 6:01 PM ET

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

/ CORRECTION - PayChest, Inc. Announces New Payment Transaction Service for International Markets
Feb 15 2006 3:04PM ET
PayChest, Inc. Announces New Payment Transaction Service for International Markets
Feb 15 2006 1:26PM ET

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From: GramWellington10/21/2006 10:50:14 PM
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PayChest, Inc. Announces First Stage of Restructuring

SANTA MONICA, CALIFORNIA, Oct 18, 2006 (CCNMatthews via COMTEX) -- PayChest, Inc. (PINK SHEETS:PYCT) announced today a change in directors and principal officers.
As per resolution adopted in October 15, 2006, the PayChest Board has accepted the resignation of Mr. Alejandro Cerda, as Chief Executive Officer, effective immediately. In addition, all other directors and officers previously representing or assuming representation of PayChest have resigned as of October 15, 2006.

Mr. Lawson Pillay will serve as the newly appointed President and Chief Executive Officer, following the recent negotiations between PayChest and Genfin LLC, a southern California financial technology integrator. Mr. Pillay, age 51, currently serves as CEO of Genfin, LLC and several other technology related companies. He also serves as Director to BanX, Inc, a financial services transaction and debit card processor.

This relationship provides PayChest access to a series of financial services and strategic management personnel, to introduce PayChest as an online payment processing network, with capabilities to process online debit, credit, ACH and check payments.

Under the guidance of Mr. Pillay, all new board or management appointments will be made after a thorough review of PayChest's current portfolio. With immediate effect, all operations, both domestic and offshore, shall be relocated to Southern California. As a result of this major reorganization, our online and telecommunications infrastructures may be temporarily disrupted.

Lawson Pillay, PYCT's new CEO stated, "My immediate focus and attention is to add tangible value to PayChest through the introduction of emerging technologies, intellectual property, skilled management and revenue generating operations. I look forward to turning PayChest around in the shortest possible timeframe, with measurable fundamentals to enhance shareholder value, as we progress. Shareholders are advised to anticipate significant operational changes ahead."

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," 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.

SOURCE: PayChest, Inc.

CONTACT: PayChest, Inc.
Investor Relations
Email: info@paychest.com

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From: GramWellington10/21/2006 10:51:17 PM
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PayChest Announces 30 Day Action Plan

SANTA MONICA, CA, Oct 20, 2006 (MARKET WIRE via COMTEX) -- PayChest Inc. (PINKSHEETS: PYCT) today announced a 30 day action plan, relating to PayChest's operations, under the restructuring guidelines of CEO Lawson Pillay.
The initial strategy calls for immediate changes in staffing and technology. All existing PayChest relationships with directors, employees and contractors have been terminated. PayChest now has direct access to staff and technology through Genfin and its strategic partners. These resources will provide PayChest with intellectual property, financial processing software and connectivity to currently operational financial gateways.

PayChest will also appoint an independent stock transfer agent, a new SEC attorney and move all operations into new premises in southern California.

"This 30 day restructuring action plan reiterates my allegiance to shareholders by laying a solid foundation for the future. My commitment is not to focus on stock price volatility, but to introduce tangible change. Also, expectations of future news will be limited to quantifiable actions taken. In my recent radio address on zshare.net, I have covered many of these aspects," said Mr. Pillay.

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," 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:
Investor Relations
info@paychest.com

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From: GramWellington10/21/2006 10:58:06 PM
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Investors take a look at this one. PayChest.com is getting ready to launch an on online payment portel. Their main objective is to take a percentage of subscribers where PayPal is not available. Should be interesting to see how this plays out.

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From: IslandMan9/2/2011 10:34:44 PM
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NO one running this board.......

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From: xinpro12/3/2011 1:18:16 PM
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PayChest Inc. Starts Commercial Production of Flushaway® marketwire.com

HONG KONG--(Marketwire - Nov 10, 2011) - PayChest, Inc. (PINKSHEETS: PYCT)

PayChest Inc. (the "Company") is very pleased to announce the start of commercial production of a new design of Flushaway® sanitary products.

Flushaway® is a uniquely flushable and biodegradable range of patented sanitary products, expected to be price competitive to industry majors.

A flushable sanitary product solves a major problem for the consumer making after-use disposal discreet, private, easily accessible, hygienic, and clean. A biodegradable product ensures speedy elimination of the waste. The American testing standard ASTM D5988-03 requires the product biodegrade in 180 days, while our Flushaway® products biodegrade in 71 days. Flushable tests were carried out by Brunel University, England, and more recently by Air Products Polymers in the U.S. Sanitary products from industry majors are not flushable or biodegradable and estimates suggest they take 200 years or more to degrade.

A manufacturing agreement with Xinpro Manufacturing became effective in March 2011 when Xinpro completed the setup of a dedicated Flushaway® manufacturing facility in the Shanghai area, and the subsequent delivery of the first tailor made machine. This was the first in a series of machine purchases by Xinpro for producing Flushaway® in accordance with our new patent (patent pending).

This first film production machine and newly developed film manufacturing process, designed in the US, manufactures a cost effective, polyvinyl alcohol film using specialized materials, formulations, and know-how. A high quality film, along with patented treatment and other preparations, is key to ensuring the finished product performs during use while remaining flushable and biodegradable at disposal.

Retailer acceptance of Flushaway® has already been demonstrated by Consolidated Ecoprogress, which achieved sales of an earlier version to many stores including Walmart (USA), Boots (UK) and Big W (Australia). Under a license agreement initially issued by Ecoprogress, we are producing a lower cost product that performs better, and anticipate higher gross margins under the current PayChest business model.

The Company is confident Flushaway® will deliver "more for less" to the consumer by providing a product:

  • that has equal quality with the extra features of flushable and biodegradable
  • at a lower or equal shelf price to industry majors (such as Proctor and Gamble, Kimberly-Clark and Johnson & Johnson)
  • More details on the product can be found at www.paychest.com.

    The Company is focusing its efforts on sales and will make an announcement when information is available.

    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 otcmarkets.com.

    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 paychest.com.



    Contact Information
    • Contact:
      Paychest, Inc.
      ir@paychest.com

      Tom Hands
      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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    From: xinpro12/3/2011 1:19:54 PM
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    PayChest: Share Buyback Begins marketwire.com

    HONG KONG--(Marketwire - Nov 14, 2011) - Paychest, Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce the early start of its share buyback program, as previously announced.

    This action follows last week's announcement regarding the start of Flushaway® commercial production. Flushaway® is a uniquely flushable and biodegradable range of patented sanitary products, expected to be price competitive to industry majors.

    As stated in the news release on September 15, 2011, the Company planned to buy back shares when circumstances permit. The start of commercial production and other business developments have created an opportunity to start the share buyback earlier than planned. Management are taking advantage of this opportunity as part of a broader plan to maximize shareholder value.

    The share buyback program has already begun and updates to the share count will be published on the company website, on www.pinksheets.com and through Transfer Online, the company's recently appointed SEC approved transfer agent.

    The Company is focusing its efforts on sales and will make an announcement when information is available.

    More details on the product can be found at www.paychest.com.

    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 otcmarkets.com.

    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 paychest.com.



    Contact Information
    • 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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    From: xinpro12/3/2011 1:23:37 PM
       of 40
     
    PayChest: Share Buyback Continues
    marketwire.com

    HONG KONG--(Marketwire - Dec 1, 2011) - PayChest, Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce receipt of a further 100 million shares being retired under the recently announced share buyback program.

    Further to the reduction in issued and outstanding shares as of November 23rd, the Company has purchased a further tranche of 100 million shares. The lower share count will be reflected over the next week on the company website, www.paychest.com, www.pinksheets.com, and through Transfer Online, the company's SEC-approved transfer agent.

    Companies typically buy back shares to increase shareholder value.

    The Company purchased this 100 million shares at the current market price and plans to purchase more shares in coming weeks. This purchase continues the buyback program that is planned to last 3 months. The duration is dependent on a number of variables including the share price.

    Now that the Company has commercial production, the Company plans a Comprehensive Corporate Update in the next few weeks.

    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 otcmarkets.com.

    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 paychest.com.



    Contact Information
    • 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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    From: xinpro12/3/2011 2:50:11 PM
       of 40
     
    RETAILERS TO BE ANNOUNCED, STAY TUNED

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