PayChest Inc. Flushaway Progress Report
September 01 2009 - 1:33PM
Marketwired
PayChest Inc. (Arizona) (PINKSHEETS: PYCT).
Paychest Inc. announces that trial production has produced
samples of Flushaway during August as originally planned. These
samples will now commence tests for a) heat & humidity
tolerance and b) extended shelf life. These tests will be carried
out in parallel and are on schedule to complete at the end of
October.
New unforeseen production options were also identified during
the trial production that were not explored due to time
constraints. The Company is extending the trial production to
validate these new options and anticipates these samples may also
enter the test phase. It is expected this additional sampling will
not affect the overall timeframe for completing the trial samples
and subsequent tests.
The samples will be put through the following set of tests:
-- Test A is for human trials under high temperature & high humidity
conditions.
-- Test B will simulate an extended shelf life.
Assuming the successful outcome of both tests, that will execute
simultaneously and last up to eight weeks, the new generation of
Flushaway will be a validated product, allowing samples to be
released, and that can proceed to the next stage preparing for full
scale commercial production.
Samples from the trial production that pass the tests and are
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.
This is a new generation of product and these dates are a guide
to completion as there are many variables in the trial production
and testing phases.
Completing these milestones would follow more than a year's
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, 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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