Huntington Beach, CA -- HUNTINGTON BEACH, CA--(Market Wire) July 3rd, 2007 - PayChest Inc. (Other OTC: PYCT Pinksheets) PayChest today announced valuable additions, by bringing on a new and management and a new alliance, with previous experience and success in areas of sales, public relations, branding and investor relations.
Mr. John Young and Mr. Tim Winchester will oversee the company's sales and investor relations initiatives to increase the visibility of PayChest products and solutions, and Ms. Jana Collins and her company Jones& O'Malley, will oversee PayChest's public relations, marketing and branding efforts.
Prior to joining PayChest, Mr. Young has served in multiple managerial and executive roles, with over twenty years in global sales, marketing and business development of technology based solutions, most recently specializing in start-ups and turnaround companies. He also has considerable experience guiding sales, marketing and business development operations for established mission critical solution providers such as IBM, AT&T and G.E.
Mr. Winchester's prior experience in national sales and marketing include, serving as VP of Sales and Marketing for a national ACH processor, where he was responsible for the marketing and sales of their payment processing solutions to the credit card Independent Sales Organization networks. Prior to that, he spent four years with a national B to B, E-Commerce company, as VP of US Sales, marketing E-commerce solutions and web based project management services to Industry specific portals. Mr. Winchester's commitments include major grocery chains, including Kroger's.
In addition, he has spent over ten years in the sales and marketing of payment systems and terminals to national retailers and merchant processors. His accounts include Mervyns, Target Stores, Federated Stores, CVS Drugs, Associated Grocers, Safeway, NPC, First National Bank of Omaha, and B of A.
Over the past 20 years, Mr. Winchester has held various positions in management and senior executive positions selling technology solutions to major accounts in the retail and financial industries. Since graduating from Ohio State University, Mr. Winchester has held senior positions with successful high tech companies like Honeywell, Tandem Computers and IVI/Checkmate.
Both Mr. Young and Mr. Winchester have vast industry contacts, knowledge, and proven track records in revenue generation, which will serve as a great asset to PayChest.
Ms. Collins brings vast experience in the public relations and business development arena with the firm she started over twenty years ago in Los Angeles, Jones and O'Malley. The company focuses on marketing, promotion, public relations, investor relations and business development. Ms. Collins has built an impressive team of managers and creative minds to support and maximize her client's marketing efforts. As a result, their reach in today's media is unprecedented, with exposure to major networks and top rated cable stations. Her company has placed her clients on top programs including Oprah, The Today Show, 20/20, The Tyra Banks Show, Discovery TV and TV guide Channel. She has also secured print promotions in the following publications: Elle, Harper's Bazaar, Newsweek, O, the Oprah Magazine, Women's Wear Daily, Cosmopolitan and a multitude of other media publications.
"The addition of this caliber of talent and experience to PayChest underscores our commitment to market our solutions on a national scale, under the professionalism and guidance of a seasoned marketing team. This combination provides an environment for sales production, sales support, and marketing creativity that our shareholders can expect. This is the first time in PayChest's history that we have a team dedicated to handling sales, investor relations, public relations and marketing," said Mr. Pillay, PayChest's CEO.
About PayChest
PayChest and its strategic partner companies have developed an integrated online payment processing platform utilizing cutting edge technologies to deliver payment solutions online. These payment processing solutions include turnkey payment facilitation for credit and debit cards, electronic checks, money transfer solutions, gift cards and turnkey rewards based systems.
New management within PayChest is focused on innovative and tangible products, improving the online financial experience for online consumers and e-commerce businesses worldwide. To fulfill this obligation, the new management has marked significant timelines over the next few months to streamline operations, with a focus on integrating backend transaction processing infrastructures scalable to new payment technologies and marketing opportunities.
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:info@paychest.com
PayChest, Inc.
Investor Relations