The Board of Directors of Paychest, Inc. (OTCPK:PYCT) authorized a share repurchase program on November 14, 2011. Under the program, the company will repurchase over 25,000,000,000 shares. The shares will be repurchased when the company has enough cash. The program is expected to be valid for a period of three months, although the duration is dependent on a number of variables including the share price. The start of the commercial production and other business developments created an opportunity to start the program earlier than planned. The management will take the opportunity to maximize the shareholder value. The program is effective immediately. As of November 14, 2011, the company has 24,900,000,000 issued shares. On November 18, 2011, the Board announced that the company has repurchased 100,000,000 shares in the first tranche of the program. The shares were repurchased at the current market price. On December 1, 2011, the Board announced that the company has repurchased 100,000,000 shares in the second tranche of the program. During the month February 2012, the Board announced that the company has repurchased 100,000,000 shares. Till December 31, 2011, the company has repurchased 200,000,000 shares, representing 0.80% for $23.62 million. Transfer Online acted as the transfer agent to the company. Paychest, Inc.'s share repurchase program expired on February 13, 2012.