PayChest Inc. Announces Delay of Record Date for Spin off

VANCOUVER, BC–(EMWNews – August 20, 2008) – PayChest Inc. (Arizona) (PINKSHEETS: PYCT)

announced that due to unforeseen circumstances, a new record date for the

Spin off will be announced shortly.

The company is also in the process of changing the name of the parent

company, CUSIP number and stock symbol. The company reaffirms its ongoing

commitment that it will not implement a reverse split and confirms

PayChest’s current outstanding stock position is 19.85 billion shares.

About PayChest

PayChest, a global marketing company and developer of technology solutions

and its strategic partner companies, market and distribute select products

and services worldwide, which provide an increased public awareness to

conserve and preserve the world’s limited resources.

About PayChest (Oregon)

PayChest and its strategic partner companies are developing integrated

commerce processing solutions utilizing cutting edge technologies to

deliver in store, online and mobile solutions globally. These include

turnkey point of sale solutions, gift and loyalty portal systems, ACH

electronic systems, online and mobile payment platforms and rewards-based

platforms to integrate into an existing business system.

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,” “can” 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.