SOURCE: PayChest, Inc.

February 10, 2012 11:18 ET

PayChest Negotiating Six Purchase Orders

HONG KONG--(Marketwire - Feb 10, 2012) - PayChest, Inc. (PINKSHEETS: PYCT) -- The Company is in negotiations with six different customers worldwide regarding Purchase Orders for its Flushaway/Mibella range of flushable and biodegradable women's sanitary napkins. The Company is also in early stage discussions with two North American customers.

While the Company was targeting customers in North America and Europe it has also received significant interest from other countries that have progressed faster than anticipated. All customers have a significant retail presence in their respective countries.

The first purchase orders in each country has taken longer to arrange because of different package sizes for each country or region, different language packs, different shipper carton sizes, and local pricing including, shipping, local taxation and import duties. Alongside this, there is the retailer's shelf plan to prepare and manage the placement of product onto their store shelf.

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