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PayChest Negotiating Purchase Order Financing
HONG KONG--(Marketwire - May 30, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is in advanced negotiations with several known companies with the aim of securing purchase order financing.
Purchase order financing involves a third party finance company paying for production, materials and 'work in progress' in exchange for a standard fee. This form of financing is available where there is good product profitability and is based on the customer's ability to pay. Without the constraints imposed by its own cash pool, the Company can grow faster and focus on meeting market demand.
This financing tool also allows the Company to direct its own cash resources, and profit from product sales, into other business areas such as marketing and new product development.
Some customers will fund their purchase orders by letter of credit, such as the $1.2mn purchase order announced April 16, 2012.
The company is excited about upcoming events and expects a number of news releases during the summer months.
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.
PayChest Registers UK Mibella® Trademark
HONG KONG--(Marketwire - Apr 20, 2012) - Paychest, Inc. (PINKSHEETS: PYCT)
PayChest, Inc. (the "Company") is pleased to announce it has received confirmation from the UK Intellectual Property Office that the Mibella® trademark has been registered in the United Kingdom.
The registration of the Mibella® trademark in the UK completes this part of the UK trademark process that was initiated in January 2012 and announced January 18, 2012.
It also closely follows the recent announcement of the Company's first purchase order, also from the UK, for 16 container loads of Mibella® product with a gross value of US$ 1.2 million. Each container of product is worth more than US $75,000 in gross revenue to the Company.
The Company continues to pursue other intellectual property registrations and negotiate other purchase orders with the objective of building on this first purchase order and creating a growing pipeline of orders and revenue.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
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.
PayChest Receives $1.2 Million Purchase Order
HONG KONG--(Marketwire - Apr 16, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is very pleased to announce it has received its first Purchase Order worth $1.2 million.
The Purchase Order, from David Shaw & Company in the UK, requires delivery of 16 containers of Mibella flushable and biodegradable sanitary products over 12 months. Each container of product is worth more than US $75,000 in gross revenue to the Company.
David Shaw & Co. is a UK & Ireland distributor with more than 30 years' experience selling to large UK, Irish and European retailers.
Shortly before the product is placed onto store shelves, the Company plans to provide an update of retail stores where Mibella product will be placed and available to consumers.
As announced on February 10, 2012, the Company was negotiating six (6) purchase orders. Today's announcement marks the first of those anticipated purchase orders.
The Company continues to negotiate other purchase orders with the objective of building on this first purchase order and creating a growing pipeline of orders and revenue.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
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.
Because I personally know about 60 of them, and I know what Lawson Pillay owns and Banks, Hands and all the other insiders.
"You'll be seeing very soon" YES WE WILL : )
On November 10th & 11th 2011 the BID WAS .0002 FOR 2 days!!!!!!!!!!!!!!!!
Yes and 70% OF THOSE SHARES ARE HELD BY LESS THAN 75 SHAREHOLDERS
: )))
LIES ABOUT PYCT
Proven fact that John Banks owns and runs Rich Capital, and pyct. John Banks failed to disclose that he was the recipient of the $600K in commons shares from pyct to Rich Capital.
-Has never produced a single product for sale.
-Has zero revenues and zero sales(hence the first item)
-Has paid Touts Thousands of dollars to get the word out to the penny stock players but won't spend a dime to advertise(appear at a trade show) to the consumer base that will bring in revenues....unless dumping shares is their revenue.
-Has over 27BILLION share O/S and growing in the past year.
-Has claimed to have a World Wide Sales force but there is no phone number or way to contact this World Wide Sales force...lol..what sales team has no contact information.
-Has claimed to have Purchase Orders with David Shaw but David Shaw does not appear to be a functional operation...with no working telephone or email.
-Has openly admitted to setting up BILLIONS of shares to dump out at BELOW .0001 - that will hurt the PPS for years....
-Has no salary expenses in their financial statements but they have stated that they paid out common shares for services and cash. Over 16Billion shares worth of services and cash (as documented in their own financial statements)
-Has registered their name with the FDA but not a product, why not register a product if they had one...strange.
-Has 2 (TWO) I/R folks hyping this...why have 2 for the last year, they did a pretty nice job hyping this the first 3+years with just one.
-Has been stuck at .0001 for 99% of the time besides the times of P/R runs and news releases that are always met by heavy dumping.
-Has claimed to be nearing production back in 2009, but never got close.
-Has claimed to have purchased select equipment for production over a year ago but the official financial statements show that was not the case.
-Has to compete with a product that does the exact same thing that flushaway is trying to do. TomKit.net is selling this niche product already.
-Has no short position or short interest as reported by the official SEC listings. Which also prove there were no FTD regardless of what some claim.
These are the Facts on File for pyct - all of which are irrefutable and are proven.
Here are a few more facts on pyct that are not proven but still facts;
-Has mailed out samples to about 4 or 5 shareholders that we know of. No idea if they were old samples or not.
-Claims it has a world wide sales force but they can't be contacted...no phone nor email ...strange.Duplicate but worth re-stating
-Has claimed to have a production factory but nobody knows where it is nor can anyone contact this place (no address or phone number)
-Claimed to have private funding but there is nothing verifiable about this rumor or the claimed funding group.
-Has claimed to have done an audit, but has never shown any documentation of an audit. The supposed audit did claim that there were no issues (no short position)..none the less they claimed it was done.
-Has not lost anyone any money when they bought this at .0001 and held..and held and held, but has not made anyone any money unless they could of sold at .0002 like most bag holders did trying to get rid of this if they can.
-Claimed to be performing a stock buy back but their TA is gagged and can't be verified even though pyct claimed that they have bought back 200mill in shares compared to the 6BILLION recently dumped out...what a joke.
Volume and BUYING keeps increasing...something is up!
Proven? how so??
People are BUYING, plain and simple!
over 10 million in volume, BUY ALL THE CHEAPIES YOU CAN!
Something is going on, we will see soon!
"Now thats up to 500 million shares per market maker" YEP and that is more proof that the bogus "Short Reporting" list is total fraudulent and not accurate.
No News in over a year? Chill on the stock? hummmmmm don't know? LMAO!!!!!!!!!!!!!!!!!!!!
With ever sale (trade) there is a buyer and a seller. Trading 101, did you not know that?
LUCKY BUYER!!!!!!!!!!
Show me then!!
I know what mine is but everyone's is different, ask him yourself!
NOBODY wants to sell at .0001 anyway, who cares!
You will see
Not what I heard, we will see!
We will see, I expect an update from the company very soon in the form of a Press Release. And YES the company is working on many things behind the scenes. You will see!
LOL, it's not the company who is under investigation it's the Market Makers that have been on PYCT Level 2 the last 5 years supposedly "Matching up buyers & Sellers". LOL
We shall see once they distribute the DIVI. And yes all stocks are NAKED SHORTED; Ever seen this video?
No, just a heads up to all the REAL LONGS!
If you read the information on FINRA's website you will see that I do have what I claim.
http://www.finra.org/ArbitrationAndMediation/index.htm
http://www.finra.org/ArbitrationAndMediation/Arbitration/Process/
http://www.finra.org/ArbitrationAndMediation/Arbitration/Process/Discovery/index.htm
BUY ALL YOU CAN, WE SHOULD SEE NEWS SHORTLY. CAN'T GET THEM CHEAPER THAN .0001
If I post it or share it with anyone I will violate the terms of the Arbitration/Mediation process.
http://www.finra.org/ArbitrationAndMediation/Arbitration/Overview/
it does have something to do with PYCT, FINRA regulates the Market Makers that short/match up buyers & sellers & sometimes cover their short.
you see lakers, FINRA regulates the Market Makers, and the market makers have to follow the rules (which most don't) you see they all have dozens of fines totaling well over $100,000,000 just for NITE alone. They do break the rules.
Sure I have, through FINRA's Mediation/Arbitration process. I am 100% right! : ))
I'm 100% right and I have the proof in my hand, a hard copy through FINRA.
Selling short on one hand and buying back with another to give the illusion that there is an endless supply of .0001's and hold the PPS down, deter buyers and entice sellers to sell at .0001.
It's called "seller boxing"
Tom has the NOBO/OBO list and also has the DTC confirmed STOCK AUDIT.
simple math
You think the Market Makers actually report their "true" short interest???!!!!!!!!!!!!!! LMAO!!!!!!!!!!!!!!
YES! Why even bother updating anything and filing financials if "Nothing is going on"?
We are about to see why
of course, "hold the paper" is a term that most here can understand. Point was this;
The shares are in the retail brokers names not OURS.
YEP!, that is why PYCT is listing 40 shareholders, which are the retail brokers that hold the paper.
What is a company verified profile?
PYCT DID THIS ABOUT 3 WEEKS AGO!!
The information in a company verified profile has been updated or confirmed by a representative of the OTCQX, OTCQB and OTC Pink company within the past six months. A "company verified" flag on the company's quote page indicates to investors that the information is current. Company representatives can learn how to verify their company's profile here.
I'm as happy a pig in mud! after talking with IR and seeing that the company is updating their pinksheets listing and filing financials on time.
What are they then?