SOURCE: PayChest, Inc.

September 10, 2015 09:00 ET

PayChest: Mibella® Production and Funding Update

HONG KONG, CHINA--(Marketwired - September 10, 2015) - PayChest Inc.(OTC PINK: PYCT) is pleased to announce that the Company continues to receive funds under the recently announced $500,000 financing package. This money is being used to fund the initial production and sales cycle beginning with commercial production of the Mibella® product line through to receiving payment from the customer.

The product line will consist of Mibella® pantiliners, Mibella® ultra-thin sanitary napkins, Mibella® pads and later a light adult protection/incontinence product.

Following a technical study recommended by our US based technical team, the Company has requested that Xinpro Manufacturing's film production unit order and upgrade two machine components to increase production rates and reduce cost. Film output is expected to double as a result of this upgrade. Under a contractual agreement, PayChest pays Xinpro for the required equipment. The order to upgrade will be placed this week.

Materials such as polymers for film and product packaging are scheduled to be ordered shortly.

In anticipation of upcoming production the Company has received considerable interest in our flushable and biodegradable product being supplied to select US hospitals.

The Mibella® design and flushable feature delivers a clear business advantage to institutional facilities, such as hospitals, where conventional, non-flushable product is often flushed. Mibella® does not cause blockages in waste water systems reducing maintenance costs, service disruption and so can improve revenue flow.

An announcement will be made shortly when commercial production begins. For those not currently on our e-mail list and wishing to receive future news releases it is strongly recommended they call or e-mail the company to be added.

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.

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