PayChest Executes First Phase Cost Reduction of Flushaway(TM)
February 01 2010 - 12:48PM
Marketwired
PayChest Inc. (Arizona) (PINKSHEETS: PYCT).
PayChest is pleased to announce the project initiation of a new
polyethylene packaging wrap for Flushaway™ products.
The new polyethylene wrap will be provided as a packaging option
for supermarkets and is similar to other comparable products on the
market, while the traditional biodegradable cardboard boxes used
previously with Flushaway™ will still be available where this is
preferred.
Polyethylene wrap provides a significant cost advantage by
increasing wholesale margins by at least 5%.
The Company is making other changes to the Flushaway™ product to
increase margins, improve profitability and prepare for commercial
production in early 2010.
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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