PayChest Inc. Announces New Patents for Flushaway
February 18 2009 - 4:18PM
Marketwired
PayChest Inc. (Arizona) (PINKSHEETS: PYCT) announces the following
regarding new patents for Flushaway:
Previous versions of the Flushaway product line were not able to
realize the good margins necessary to create a thriving business,
in part, because of high film costs. The new design and film
changes cuts materials' costs and the cost of the product, by using
lower cost materials and new production techniques. The company has
partnered with other companies during this process. As a result of
these advancements, new patents for this design have been applied
for and are pending approval. The patents are initially owned by a
third party with the agreement that the Company has the first right
of refusal to buy these and associated rights. The patent numbers
will not be disclosed at this time for competitive reasons.
The company is confident given these developments that it will
deliver a product to the consumer that is of equal or better
quality to the major companies in this marketplace (Proctor and
Gamble, Kimberly-Clark and Johnson and Johnson) while having the
added feature of being a flushable product at a comparable
price.
About PayChest (Arizona)
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 the proposed dividend 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.
Contact: PayChest Inc. Investor Relations 1-877-525-5170
ir@paychest.com www.flushaway.com
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