PayChest : First 100 Million Shares Retired in Buyback

HONGKONG (MARKET WIRE) 11/18/11 -- Paychest, Inc. (OTC:PYCT)

PayChestInc. (the “Company”) is pleased to announce receipt of the firstshares to be retired under the recently announced share buybackprogram.

TheCompany has purchased and retired a first tranche of 100 millionshares. For administrative reasons, the share count will be reflectednext week on the company website, www.paychest.com,www.pinksheets.com,and through Transfer Online, the company’s SEC approved transferagent.

Companiestypically buy back shares to increase shareholder value.

TheCompany purchased this 100 million shares at the current market priceand plans to purchase more sharesin coming weeks.This purchase is the first step in a broader buyback program that isplanned to last 3 months. The duration is dependent on a number ofvariables including the share price.

Followingthe recent announcement of commercial production the Company is nowfocusing on sales with initial emphasis on North America and Europe.

Moredetails on the product can be found at www.paychest.com.

NOTES ABOUT FORWARD-LOOKINGSTATEMENTS

Exceptfor any historical information contained herein, the mattersdiscussed in this press release contain forward-looking statementsthat involve risks and uncertainties, including those described inthe Company's filings with OTC Marketshttp://www.otcmarkets.com/stock/PYCT/financials.

Certain statements contained inthis release that are not historical facts constitute forward-lookingstatements, within the meaning of the Private Securities LitigationReform Act of 1995, and are intended to be covered by the safeharbors created by that Act. Reliance should not be placed onforward looking statements because they involve unknown risks,uncertainties and other factors which may cause actual results,performance or achievements to differ materially from those expressedor implied. Forward looking statements may be identified by wordssuch as estimates, anticipates, projects, plans, expects, intends,believes, should and similar expressions and by the context in whichthey are used. Such statements are based upon current expectationsof the Company and speak only as of the date made.

Contact: Paychest, Inc. ir@paychest.com

TomHands : 1-416- 619-5242 from overseas: +1-416- 619-5242

TobieOliver : 1-800-624-7479 from overseas: +1-714-274-7206

Source:PayChest Inc.

Historicalnews releases on the Company can be found athttp://www.paychest.com/news.htm.