SOURCE: PayChest Inc.

September 01, 2009 13:34 ET

PayChest Inc. Flushaway Progress Report

HONG KONG--(Marketwire - September 1, 2009) - 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.

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