PayChest Inc. Trial Production of Flushaway Begins
July 31 2009 - 7:02AM
Marketwired
PayChest Inc. (Arizona) (PINKSHEETS: PYCT).
Paychest announces that today it has commenced trial production
and test of a new design of the revolutionary Flushaway sanitary
products line.
This is a key milestone as the Company takes its first tangible
manufacturing steps towards full production of Flushaway. The
trial, carried out as a project under the Commercialisation
Agreement and majority funded by Consolidated Ecoprogress, is for
small scale production followed by a test to validate expected
product performance improvements aimed at addressing high humidity
performance and lengthening storage and shelf life. This trial and
test builds on the successful laboratory and bench tests reported
in February 2009.
Assuming successful completion of this trial production, a
positive result from the subsequent test, and with modest film
development work that has already been defined, the Company expects
this generation of the Flushaway product to have superior
performance and a sizeable reduction in production costs when
compared to previous versions of the Flushaway product line.
Samples from the trial production, excess to test requirements,
will be available for shareholders, investors, and new distributors
that the Company has identified, or expects to recognize as a
distributor of this innovative product.
Completing this milestone follows more than a years testing and
redesigning of the product that was previously sold in Wal-Mart,
K-Mart and other retailers around the world.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology
solutions and its strategic partner companies, markets and
distributes 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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