SOURCE: PayChest Inc.

August 19, 2009 12:35 ET

PayChest Inc. -- First Trial Samples of Flushaway Completed

HONG KONG--(Marketwire - August 19, 2009) - PayChest Inc. (Arizona) (PINKSHEETS: PYCT).

Paychest Inc. is pleased to report that the first part of the trial production run has produced samples of the Flushaway product. These samples are currently being assessed in accordance with established standards before going into the tests previously announced. Additional trial production of samples will continue.

The plan, as outlined in the August 6 news release, anticipates trial production completing at the end of August and provides time for fault finding and correction of materials, production techniques and machine process.

After trial production completes, and building on test knowledge already held by Consolidated Ecoprogress, 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 the production 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 Information