PayChest Inc. -- First Trial Samples of Flushaway Completed
August 19 2009 - 11:35AM
Marketwired
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: PayChest Inc. Investor Relations 1-877-525-5170
ir@paychest.com www.flushaway.com
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