SOURCE: Paychest Inc

February 02, 2012 09:00 ET

PayChest Announces FDA Mibella Registration

HONG KONG--(Marketwire - Feb 2, 2012) - Paychest, Inc. (PINKSHEETS: PYCT)

PayChest Inc. (the "Company") is pleased to announce it has registered the Mibella brand name with the FDA in compliance with U.S. medical device registration regulations.

Mibella and Flushaway® pads and liners do not require pre-approval by the FDA, unlike some medical devices. Registration with the FDA is a pre-requisite for sales in the U.S., and other countries that use the U.S. Food and Drug Administration as a benchmark.

A copy of the FDA record can be found on the website link below, showing the Company (FDA registration owner number 10035655 and establishment number 3008856127 ) can sell under both the Flushaway® and Mibella proprietary brand names.

http://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfRL/rl.cfm

The Company is confident its women's hygiene product lines are of equal, or better, quality to the major companies in this marketplace (Proctor and Gamble, Kimberly-Clark and Johnson & Johnson) while having the added feature of being flushable and biodegradable product at a comparable price.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.

Historical news releases on the Company can be found at http://www.paychest.com/news.htm.

Contact Information

  • Contact:
    Paychest, Inc.
    ir@paychest.com

    Tom Hands:
    1-416-619-5242
    from overseas: +1-416-619-5242

    Tobie Oliver:
    1-800-624-7479
    from overseas: +1-714-274-7206