SOURCE: PayChest Inc.

August 06, 2009 14:55 ET

PayChest Inc. Flushaway Trial Production Progress Report

HONG KONG--(Marketwire - August 6, 2009) - PayChest Inc. (Arizona) (PINKSHEETS: PYCT).

PayChest announces that the trial production remains on schedule and is broadly operating as expected. The manufacturer is an expert in the field of feminine hygiene that already produces and sells product internationally.

The current plan 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 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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