February 01, 2010 12:48 ET
PayChest Executes First Phase Cost Reduction of Flushaway™
HONG KONG--(Marketwire - February 1, 2010) - PayChest Inc. (Arizona) (PINKSHEETS: PYCT).
PayChest is pleased to announce the project initiation of a new
polyethylene packaging wrap for Flushaway™ products.
The new polyethylene wrap will be provided as a packaging option for
supermarkets and is similar to other comparable products on the market,
while the traditional biodegradable cardboard boxes used previously with
Flushaway™ will still be available where this is preferred.
Polyethylene wrap provides a significant cost advantage by increasing
wholesale margins by at least 5%.
The Company is making other changes to the Flushaway™ product to increase
margins, improve profitability and prepare for commercial production in
early 2010.
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.