PayChest Inc. Announces New Flushaway Successfully Tested
February 25 2009 - 6:01PM
Marketwired
PayChest Inc. (Arizona) (PINKSHEETS: PYCT) announces that the newly
redesigned version of the "Flushaway" feminine hygiene product line
has successfully passed two phases of testing including both bench
and laboratory testing. The "Flushaway" product line contains two
main components. Both the flushable pads and liners have a cover
stock that is a biodegradable material that is in contact with the
consumer. It is similar to major brands and our product line has a
biodegradable advantage. The second component is an underlying
flushable and biodegradable film that holds the product together
and is designed to retain its integrity until it is flushed away,
at which time it dissolves. This component usually adheres the
product to the woman's underwear.
While the Flushaway film is flushable and biodegradable, the big
names in the industry usually use polyethylene or polypropylene
which has a life of up to 200 years and is not biodegradable or
flushable and often sits in our landfills. This is the major
difference between the Flushaway product line and the products of
all the large producers in this market sector.
Flushaway has a newer low cost film planned that will reduce
costs compared to previous versions of the product. A recent
feasibility analysis from experts in this field also shows an
improvement in performance of the new film. This film works with
the newly patented design as announced in the previous news release
dated Feb.18.
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 &
Gamble, Kimberly-Clark and Johnson & 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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