Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Did you start CLAMORING yet???
What PayChest brings to the table is simple.
It’s a US-listed public company with a large
shareholder base and the ability to raise capital
needed to make Flushaway™ a competitive
brand.
PayChest shareholders should be clamoring to
have their company raise additional cash now
to leverage the multi-billion dollar
Flushaway™ opportunity.
With adequate funding behind the brand,
PayChest can capitalize on an opportunity that
has been more than a decade in development.
PayChest shareholders look to be in the right
place at the right time to benefit when this
brand does finally succeed. And it looks like
that time is close at hand.
Properly funded, Flushaway™ can establish
reliable, cost-efficient manufacturing and
wholelale facilities, and launch a national scale
ad/promo campaign.
We think these are the only two practical steps
between Flushaway™ today and a massive win
for investors.
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
It's foolish to say one is buy or selling...One never really knows what one is doing here.
One thing is certain,TommyBoy wants one to buy and or hold..
It's either he is selling while telling one too buy or he doesn't want to get rich alone.
Is he paying for 5K letters and getting paid to make sure everyone gets on board?
Or is he getting paid to make sure someone can sell their shares?
Dcjr..You could of also Sold another 20 million today... : )
Saying this will jump up 10000 to 40000% is saying what?
Basically same as TommyBoy buy and or hold before the eventual uptick!!
$1000 x 20000% = early retirement..lol
I don't see a reason why someone is not trying to steal/buy some paper at .00001...lol...what they afraid of?
Getting filled?
Not even the ones pumping 10000% increase soon is willing to bid 000001..
IMO they pumping trying to get bidding so they can get out!!
the time to get back into CES and or add to existing positions
would seem right.
In the past year, and especially in the past six
months, CES has almost completely revised its
corporate structure and operating plans to
make it a much more competitive player in the
massive fem-hy market. With shares now consolidated
in the $0.10 range and the new business
plan going into motion, the time to get
back into CES and or add to existing positions
would seem right.
In fact, never in the company’s history have
there been so many strong positive developments
on the horizon. Never has the upside for
CES looked so attractive.
Making it to market
Last year, the company got on board with
Interestingly enough, CES has survived any
number of crisis in the past ten years and,
despite times when the market was saying this
company would never be viable, it has continued
to move forward. Today, in many ways, it
looks to be in better shape than ever before,
yet this reality is not yet reflected in share
price.
Being that we have followed this company virtually
since inception we feel fully qualified to
tell you that this company is arguably in its
best shape ever and that investors who step up
to the plate at this stage may have the best
results of all. ¦
http://www.flushaway.com/news/pdf/ces_profile_040511.pdf
Reflecting this fact, the company’s stock chart
has a pretty nice look to it. It’s a smooth looking
rounded bottom chart formation with
good, primary support at the $C0.20 level.
Resistance comes in around just below the 30-
cent mark. A five-to-ten-cent gain should be
easy. A volume breakout above $C0.30 could
have the stock up by as much as another 20
cents.
Longer term, the potential looks much greater.
The fem-hy market alone is worth billions
annually, and distributors feel Flushaways
could quite easily surpass a five per cent market
share. Any way you look at it, that kind of scenario
will reward investors.
Beyond fem-hy, Ecoprogress will foreseeably
Consolidated Ecoprogress
Technologies Inc.
TSX-V: CES
Shares O/S approx. 37 myn
Suite 350-789 W Pender St.
Vancouver, BC
V6C 1H2
Telephone: 604.738.7015
Facsimile: 604.738.7051
IR contact: Tom Hands
www.flushaway.com
http://www.flushaway.com/news/pdf/070505.pdf
Brainwashed by IR again..There is no volume/bidding to support his pumping.
I get the feeling he trying to get out at .0001
pumping this 10000% to 40000% price increase.
If there was a chance of 100% increase in SP there would be buying.
If there was a chance TommyBoy's people would be buying.
There is no interest in this play..it's over when they putting out letters for everyone too buy at 0001
The message is the same as always...buy
They paid 1.6B shares for services..IR was one of them...nice pay but worth squat unless they sell them shares..
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=16382
Lake I doubt CES is waiting for money or has got any yet..One of the first things CES would do when they receive money is start trading again.
CES insiders have shares that are worth squat if they don't trade.
Anyways I sure they'll wait for Pyct"s money cuz there really is no one else.They also waited 6-8 months for API to putup $$$..
http://findarticles.com/p/articles/mi_pwwi/is_/ai_n18754052
For this 45$$Billion thingy A major would have it in an afternoon!!
PayChest Provides Guidance on Distribution Network
VANCOUVER, BC -- May 29, 2008 -- PayChest, Inc. (PINKSHEETS: PYCT), an integrator of commerce platform solutions and a strategic marketing company, today announced that due to numerous inquiries through Investor Relations, PayChest management addressed the current distribution network in place with CET (Consolidated Ecoprogress Technology Inc.) and further addressed the company's funding strategy over the next few months.
Under the terms of its acquisition of the worldwide rights for Flushaway products, that it entered into on May 7th, 2008 with CET, PayChest benefits from distribution sales from all the existing distribution networks in partnership with CET. PayChest will be responsible for manufacturing of all products sold.
All new distribution and marketing partners contracted directly by PayChest since the 7th of May, 2008, will be handled directly by PayChest and CET will receive a royalty fee from these deals.
This is an old story,an old P&D that's moved stateside.
The story got soo old that even a PP for 100K was hard to sell.
It even worked here for a while...all them patent posts and how they were going to take on the majors...lol..now it just the shorts story.
: JRstock -- Date:1998-12-14 21:01:10
Subject: Mini-Cap Analyst
Today CES received a buy rec from Neil Maedel and the Mini-Cap Analyst. It is a pretty powerful newsletter. The Mini Cap had also recommended Napier Technologies a few months ago, and I think that is the connection.
I believe the Co will forward a copy of the report if you call them. 604-738-7011
Author: gord -- Date:1998-12-21 19:53:58
Subject: Contacted CES
Hi JRstock!
I got hold of CES today and disscussed some of their plans for the future, quite encouraging. The negotiating is basically finished for the world rights to marketing and should be on the selves in the US soon.Their product is already in Canadian stores(IGA,Supervalue,Overwaite)and recieving great acceptance from consummers. They have future plans for diapers,hospital gowns,etc.
Author: lentils -- Date:1998-12-31 14:48:42
Subject: Interesing...Au Contraire is short this one
Short guru "Au Contraire" has added a small short position in CES to his portfolio. This guy's record is awfully good.
December 17,1998. I have been forced to short some of these goofy ha ha high tech issues such as CES, SSZ, and SIS because there is not much mining garbage left. We will see if they perform like the traditional exploration dogs. Probably they will. A lot of times these deals get foistered into stock companies because they are no good and the insiders just want to play stocks and not real business which most of them are incapable of doing properly. They traditionally put the cart before the horse because their carts are full of cheap stock and it's really not the horse that is important to them.....the horse being the asset no matter what it is as long as they can flog it to make the cart go. WAR DECLARED !! What a mess ?? It's like the market. Nowadays you really don't know who to believe. I play it consistently safe and do not believe many people any more. I wonder what all of this is going to do to the mighty Dow ?? Cracks are appearing once again.
http://wwwa.stockwatch.com/sw/forum.dbm?what=thread&threadid=1024#Message4262
Whoever they is they in no hurry to buy back them shares.
If there is a they then they are geniuses for 1 shorting this dog and 2 for not believing the 45Billion$$ crap.
6 months now and they not scared and cover..6 months and down to no bid...not from shorters and not from the street.
If there was any truth to anything there would be bottom fishing by the sharks.
10years of dreaming has come to an end.
Bannana,why in the world would a company spend money to make sure you hold and or buy their shares?
Just that alone is a redflag IMO!!
It sure seemed that they were ready for takeoff when that LETTER went out...lol
Is it possible that they tell you to hold and or buy cuz they selling?
Or is it possible that they telling you and all their best friends and neighbors to buy all at the same time at 0001?
Or they put out the News and only their best friends and neighbors buy and later tell everyone else in the world to buy?
Is there a Santa?
As you could see they, PR guys,have been putting out letters/ buy signals on this 45billion$ technology for over 10 years now.
Shares/a story is what they selling.
In 10 years how many Letters have they put out?
lol....20-30...lol
The only people that have bought shares or putup PP money are sucker dreaming shareholders, no major player has in 10 years come knocking...before anyone puts up major coin they will do DD...the story is old and has no future,if it did majors would of stepped in.
Old old story...
http://wwwa.stockwatch.com/sw/forum.dbm?what=thread&threadid=1024#Message4262
dcjr loookie here,look what I found!!!
A Letter...lol...and yes and it's 10years old...but the message is the same..BUY!!sound familiar??
Author: gord -- Date:1999-01-07 20:02:09
Subject: Au Contraire!
Hi There Hammer!
I have to agree with your post, this is not a short stock. CES plans sound quite promissing for the long term. I had a long talk with their IR just before X-mas and got a good feeling for the B-9 film of which this company's based. Napier (nir) seems to be standing behind CES, although I have heard strange stuff about this Aelicks fellow.
It would be excellent to see a big hygiene company jump in here. I do have one concern here though,that is the equity financing rights that Napiere have for the next two years (at 80%). Could CES setting themselves up for take over bid? If someone has an opion on this last question please post to clarify.
THXS---------------Gord
Author: JRstock -- Date:1998-12-14 21:01:10
Subject: Mini-Cap Analyst
Today CES received a buy rec from Neil Maedel and the Mini-Cap Analyst. It is a pretty powerful newsletter. The Mini Cap had also recommended Napier Technologies a few months ago, and I think that is the connection.
I believe the Co will forward a copy of the report if you call them. 604-738-7011
Author: gord -- Date:1998-12-21 19:53:58
Subject: Contacted CES
Hi JRstock!
I got hold of CES today and disscussed some of their plans for the future, quite encouraging. The negotiating is basically finished for the world rights to marketing and should be on the selves in the US soon.Their product is already in Canadian stores(IGA,Supervalue,Overwaite)and recieving great acceptance from consummers. They have future plans for diapers,hospital gowns,etc.
Author: lentils -- Date:1998-12-31 14:48:42
Subject: Interesing...Au Contraire is short this one
Short guru "Au Contraire" has added a small short position in CES to his portfolio. This guy's record is awfully good.
December 17,1998. I have been forced to short some of these goofy ha ha high tech issues such as CES, SSZ, and SIS because there is not much mining garbage left. We will see if they perform like the traditional exploration dogs. Probably they will. A lot of times these deals get foistered into stock companies because they are no good and the insiders just want to play stocks and not real business which most of them are incapable of doing properly. They traditionally put the cart before the horse because their carts are full of cheap stock and it's really not the horse that is important to them.....the horse being the asset no matter what it is as long as they can flog it to make the cart go. WAR DECLARED !! What a mess ?? It's like the market. Nowadays you really don't know who to believe. I play it consistently safe and do not believe many people any more. I wonder what all of this is going to do to the mighty Dow ?? Cracks are appearing once again.
http://wwwa.stockwatch.com/sw/forum.dbm?what=thread&threadid=1024#Message4262
lol...both companies were run by promoters..
Back to the major players,here P&G's only concern is this..
lol..they definitely know of this technology and only interested in this design thingy and not a possible 5% of 45Billion..
lol...there is no future for this is P&G not stepping in with pocket change to make it work in 4-5months
We are in ongoing discussions with Proctor and Gamble regarding a cosmetic design patent that we may be infringing upon pending verification from our patent attorney Vermette and Co. The patent is part of a non functional element of our product. Discussions are continuing with Proctor and Gamble with regard to this matter
http://www.marketwire.com/press-release/Consolidated-Ecoprogress-Technology-Inc-TSX-VENTURE-CES-634445.html
If there was a descrepancy and there is 20Billion short and according to dcjr they looking at jailtime and financial ruin..
WHAT ARE THEY WAITING FOR TO BUY BACK?
WHAT ARE THEY AITING FOR TO COVER?
Do you see a pattern here with dcjr,everything he posts is HUGE ###..
BIG SHORTS LIKE 20+BILLION SHORT/FAKE SHARES!!
BIG BIG JUMP IN SP 10000% TO 40000%!!
BIG MONEY TO BE MADE HERE.
Volume and no bidding say he the only one that see this big stuff!!
If there was even 5% chance of any of this big stuff happening...speculators/gamblers would be buying...
If there really was things happening like production/sales/marketing ectect behind the scene insiders and friends would of been buying the last few months.
So far all you got is Santa telling everyone to buy and hold before the eventual uptick...something that he has said before 2-3 years ago...lol he really trying hard to make people rich...
Yup 9 years ago!!!
Give you an idea of just how long this baby has been around..
All the major players know about this 45B$$ magical stuff and not interested.
Walmart and 3 other major retailers not interested.
20M$$ easy invested in this stuff in the last 9-10years easy and still nothing happening...
Fastforward to today..according to you so much is happening and a chance of 10000% increase in SP and no bid or volume...
lol,,logically there would be buying at 0001...
Here is someone who got involved 9yrs ago!!!LOL...
5.Investment in Available for Sale Securities
In February 2000, the Company paid $249,000 for approximately a 7.5% interest in Consolidated Ecoprogress Technology, Inc., a Canadian technology marketing company focused on developing and selling biodegradable and disposable absorbent products such as diapers, feminine hygiene, adult incontinence and other products.
http://www.getfilings.com/o0000914062-03-000608.html
Amazing no bid no volume and there a chance that this is going up 10000%
LOL...desperate posters posting nonsense
CONSOLIDATED ECOPROGRESS TECHNOLOGY INC.
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
1. NATURE AND CONTINUANCE OF OPERATIONS
Consolidated Ecoprogress Technology Inc (“the Company”) develops and markets environmentally
friendly products including biodegradable, disposable absorbent including feminine hygiene, adult
incontinence and baby diaper products.
The Company has incurred significant operating losses to date and continues to be primarily dependent on
equity financings to provide the necessary funding to meet its ongoing costs and operating expenses. The
Company had a working capital (deficiency) at September 30, 2006 of $128,721 (June 30, 2006:
$551,435). These factors raise doubt about the Company’s ability to continue as a going concern, which
depends upon its ability to achieve profitable operations and to raise additional capital.
If the Company is unable to generate higher revenues, raise additional capital or achieve positive cash
flow, the Company will have to cut back or curtail its operating activities. These financial statements do not
reflect adjustments that would be required to the carrying value of assets and liabilities, the reported costs
and expenses and the balance sheet classifications used if the Company was unable to continue in
business.
These financial statements have been prepared on the basis of accounting principles applicable to a going
concern, which assume that the Company will continue to operate in the foreseeable future and will be
able to realize its assets and discharge its liabilities in the normal course of business
Oh where Oh where is all this money going to come from...U have any idea what it takes to make this happen?
lol they were losing 3M @ year and they were in Walmart...
Market development expenses in the year were considerably reduced at $518,255 compared with
$936,412 for the year ended June 30, 2005 for the following reasons. Accommodation and travel costs
increased to $122,354 compared with $85,549. This was due to the increasing amount of international
travel bringing on board the new distributors and developing the supply chain in China. Product testing
and development was $113,152, down considerably from $496,810 largely because the new
manufacturers that commenced production in October, 2005 were fully equipped. This factor also
reduced testing costs. Also, there was a considerable reduction in new product development as the
Company has focused on ensuring the existing product is of a consistent standard. Product promotion
costs were down significantly to $239,310 from $327,241 as the initial costs associated with launching the
products in the United States market were expensed in fiscal 2005. Of the $239,310, $234,231 related to
the amortization of the $435,000 costs associated with the re-negotiation of the distributor agreement with
Dr. Fresh in November, 2005. These were capitalized and are being amortized equally to the end of
December, 2006.
Overall, administration costs for the year were higher compared with the fiscal year ended June 30, 2005,
after adjusting for the one off write offs for amortization and product technology rights and higher stockbased
compensation that occurred in fiscal 2005. Of the other costs, consulting services were only
slightly increased but the increase in filing and transfer fees from $36,993 to $50,141 was as a result of
the increased financing activity during the year. Management and administration services were $424,425
compared with $249,686 which was largely a result of more full time staff compared with fiscal 2005. In
addition, legal and professional costs increased from $184,282 to $217,016 as a result of more patent
applications and an additional audit. Office, rent and utilities rose significantly to $208,355 compared with
$66,717 because of the move to new premises in Vancouver, a sales office in Dallas, directors and
officers’ liability insurance, network installation costs and purchasing software for automating the sales
and purchase cycle. Shareholder marketing and communications also rose significantly to $260,448 from
$121,299 as the company now has more shareholders and it engaged on greater promotional efforts to
build both corporate and, indirectly, product awareness. During the period the Company advanced
$64,597 to two companies with whom the Company was pursing mutual business interests. These have
not yet come to fruition and the Company has written down these amounts in the financial statements.
The Company showed a net loss of $2,357,041 for the year ended June 30, 2006 compared with a loss of
$3,058,055 for the year ended June 30, 2005.
In the year, the Company’s financing activities netted $1,113,250 of additional cash resources. Private
placements yielded a net $952,937 ($2,005,277 less $1,005,000 receivable and finders fees of $47,340).
Of the receivable amount, $1,000,000 was received subsequent to year end. A $2,000,000 subscription
was anticipated but did not complete. Further financing of $50,797 came from the exercise of options and
$79,640 from the conversion of warrants. In addition, 1,510,000 shares were issued for shares
subscribed of $302,000. The Company has also received loans from a director and shareholders. These
loans have no repayment terms and do not accrue interest.
At June 30, 2006, the Company’s cash and cash equivalents position was $8,460 (year ended June 30,
2005: $169,234), with a working capital deficit of $551,435; (year ended June 30, 2005: surplus of
$29,311).
Summary of Quarterly Results
Quarter ended Quarter ended Quarter
Ask your self why did API walk away from 5% of 45Billion$$$ market thingy??????lol
NATURE AND CONTINUANCE OF OPERATIONS
Consolidated Ecoprogress Technology Inc (“the Company”) develops and markets environmentally
friendly products including biodegradable, disposable absorbent including feminine hygiene, adult
incontinence and baby diaper products.
The Company has incurred significant operating losses to date and continues to be primarily dependent on
equity financings to provide the necessary funding to meet its ongoing costs and operating expenses. The
Company had a working capital deficiency at March 31, 2007 of $251,428 (June 30, 2006: $551,435).
These factors raise doubt about the Company’s ability to continue as a going concern, which depends
upon its ability to achieve profitable operations and to raise additional capital.
If the Company is unable to generate higher revenues, raise additional capital or achieve positive cash
flow, the Company will have to cut back or curtail its operating activities. These financial statements do not
reflect adjustments that would be required to the carrying value of assets and liabilities, the reported costs
and expenses and the balance sheet classifications used if the Company was unable to continue in
business.
These financial statements have been prepared on the basis of accounting principles applicable to a going
concern, which assume that the Company will continue to operate in the foreseeable future and will be
able to realize its assets and discharge its liabilities in the normal course of business.
During the period, on March 27, 2007, the company signed a preliminary letter of intent with April Project I
Corp, a Florida corporation (“API”) for the sale of all unassigned worldwide sales and distribution rights of
its Flushaway® brand of its biodegradable and flushable feminine hygiene range. Included is the exclusive
manufacturing of Flushaway® worldwide. Two pending patents, a number of pending trademarks, certain
intellectual property and a sublicense for necessary intellectual property not owned by Ecoprogress may
be included to ensure international sales and production can be carried out securely and effectively.
In exchange for these rights, API will pay Ecoprogress cash, royalties and licensing fees and execute a
five-year note with a value expected to be in excess of US$5,000,000. The parties have agreed to
negotiate definitive agreements with the goal of executing such agreements no later than June 30, 2007.
Confidential documents have already been filed with the TSX Venture Exchange.
As currently envisioned Ecoprogress will retain all its existing distributors and associated business and
purchase product from API. Ecoprogress will receive royalties from API production & sales. To the extent
required, API will license all such rights back to Ecoprogress to enable Ecoprogress to securely continue
sales and marketing under existing distributor agreements and their associated markets.
Go here and do some DD
http://www.sedar.com
Consolidated Ecoprogress Technology Inc.
Management Discussion and Analysis
For the nine months ended March 31, 2008
All figures expressed in Canadian Dollars except where noted
June 13, 2008
The following discussion and analysis of the results of operations and financial position of Consolidated
Ecoprogress Technology Inc. (“CET” or “the Company”) is prepared as of June 13, 2008 and should be
read in conjunction with the Company’s audited financial statements and the notes thereto as at June 30,
2007.
Overall Performance
For the nine months ended March 31, 2008.
CET develops and markets biodegradable, disposable absorbent products which include feminine
hygiene, adult incontinence and baby diaper products.
The nine months to March 31, 2008 was a period in which the Company concentrated on finding
alternative financing sources as the API deal did not complete. Other activities were reduced to a
minimum.
During the period the Company continued to attract capital. The Company received $440,000 from the
exercise of warrants – almost all of which was set aside to pursue the API deal and subsequent activities
mentioned above.
In March, 2007 the Company received an offer from April 1 Project (“API”) which the Company had been
working diligently to complete through to early 2008. Unfortunately API were unable to complete the deal
and on May 7, 2008 the agreements were assigned to Paychest Inc., based in Arizona. As a result of the
difficulties the Company was experiencing with completing the API deal, the Company was forced to
make other arrangements and, on February 8, 2008, the Company made a loan agreement with Cardiff
Bay Holdings, a Hong Kong based company, through which Cardiff Bay agreed to loan the Company up
to $200,000 at an interest rate of 15% per annum for a period of one year. The loan agreement is secured
by a promissory note and a general security agreement on the assets of the company.
The financial results are discussed in more detail in Results of Operations below.
As the Company struggled financially in the second half of the year, it was unable to complete the year
end audit on time and trading in the Company’s stock was halted on November 9th, 2007.
The Company has incurred significant operating losses to date and is primarily dependent on sources of
equity financing to provide the necessary funding to meet ongoing product development costs and
anticipated operating losses.
The Company’s working capital deficit at March 31, 2007 was $765,416 (2007: $251,428). These factors
raise doubt about the Company’s ability to continue as a going-concern.
In the interim, in order to meet working capital requirements, the company will continue to raise funds
primarily through the issuance of share capital or the successful conclusion of the Paychest deal which
will bring in royalty payments. The outcome of these activities is uncertain and no assurances can be
provided that the Company will be successful in these endeavours. Even if the Company generates
higher revenues and raises additional capital, there can be no assurance that the Company will achieve
positive cash flows.
Page 2
Results of Operations
For the nine months ended March 31, 2008
Revenue during the nine months ended March 31, 2008 was $26,298 (2006: $229,042) derived from the
quarterly amount of deferred revenue from the S. China distribution rights. There were no product sales
because there was no production as the Company does not have the financing to commence and
continue full scale operations.
Operations costs of $42,947 (2007: $131,645) declined substantially as there was no production in the
period. Activities were confined to developing new production and financing relationships. Sales and
marketing costs were $Nil (2007: $239,777) because there were no sales in the quarter.
General and administrative expenses of $634,499 (2007: $630,809) were the same as the decline in
activities was offset by the cost of trying to find short and long-term financing and the API and Paychest
deals. Consulting expenses were up significantly at $133,846 (2007: $11,520) as a result of using outside
consultants to find long-term financing. Management and administration fees fell from $156,304 to
$77,839 as a result of the resignation of the CFO in early August. Professional fees increased from
$39,775 to $114,766 as a result of the extra expenses involved with the API and Paychest deals and a
credit for the period in 2007. Shareholder communications rose from $124,689 to $163,185 as the
Company continued to raise awareness in the Company and a favourable settlement on an invoice
reduced costs in 2007. The nine months in 2007 also saw $233,316 of advances written down, most of
which were allocated to consulting when invoices were received.
Research and Development costs were down slightly from $21,443 to $10,648 as there was less patent
and trademark activity.
As a result of these reductions in expenses, the Company showed a net loss of $661,825 compared with
$1,215,711 for the nine months ended March 31, 2007.
At March 31, 2008, the Company’s cash and cash equivalents position was a deficit of $842 (year ended
March 31, 2007: surplus of $8,460), with a working capital deficiency of $765,416 (2007: $251,428).
Page 3
Summary of Quarterly Results
Quarter ended Quarter ended Quarter ended Quarter ended
March 31, 2008 December 31,
2007
September 30,
2007
June 30, 2007
Total revenues $ 8,756 $ 8,756 $ 8,756 $ 17,721
(Net loss) $(203,149) $(223,700) $(234,981) $(1,031,203)
(Loss) per
share, basic and
diluted
(0.00)
(0.00)
(0.00)
(0.02)
Quarter ended Quarter ended Quarter ended Quarter ended
March 31, 2007 December 31,
2006
September 30,
2006
June 30, 2006
Total revenues $ 5,788 $127,615 $95,659 $42,369
(Net loss) $(533,584) $(280,968) $(401,159) $(567,352)
(Loss) per share,
basic and diluted
(0.01)
(0.004)
(0.01)
(0.01)
There was no general trend in sales over the last eight quarters other than a decline in sales as
production stopped in the quarter ended December 31, 2006.
The loss per share in the fourth quarter was less than the fourth quarter of 2007 largely because of the
lower loss and the greater number of shares outstanding at the end of March, 2008.
Third Quarter to March 31, 2008
Revenue for the third quarter totaled $8,756 compared with $5,768 in 2007. This represented deferred
revenue from distributor’s rights.
Operation costs for the second quarter were $13,512 (2007: $42,040). This was primarily because of the
reduction of all costs as there was only maintenance activity in 2008 compared with efforts to revive
production in 2007. Sales & marketing costs were $Nil compared with $10,310 in 2007 as sales activity
declined in the third quarter of 2007 and subsequently ceased.
Overall the general and administration costs fell to $198.364 from $269,930. An increase in the use of
outside consultants from $4,500 to $44,043 to source long-term financing, was partially offset by a
reduction in management fees from $45,529 to $25,000 as the CFO was not replaced though costs were
accrued for related services. Office expenses fell from $175,578 to $55,613. Of this decrease $138,000
was for the provision in bad debt made in 2007 against the Australian distributor receivable, there was no
rent for two months in 2008 and the major portion of the costs were $36,200 for the finance fees for the
loan. Shareholder communications were up from ($19,032) to $26,238 as the Company continued to
promote itself to generate interest in the stock and increase the likelihood of obtaining long-term finance.
The negative figure in 2007 was caused by a favourable settlement of an invoice. Research and
Development costs were down because there was minimal activity.
Page 4
Liquidity
The Company has incurred significant operating losses in this and previous fiscal years and its ability to
continue operating as a going concern is contingent on the Company being able to raise equity or debt
financing to cover operating deficits until such time as its operations become cash neutral or cash
positive.
In the nine months the Company’s financing activities netted $440,000 of additional cash resources as a
result of the conversion of warrants. The Company is continuing to investigate appropriate sources for
both short and long term financing to support its growth.
IN the period, the Company entered into a loan agreement with Cardiff Bay Holdings which has certain
terms and covenants attached to it. The Company does not anticipate it will incur any default or arrears
on payment of leases or debt principal or interest. The company believes that the assignment of the
agreements from API to Paychest Inc. will give the Company a better chance of success in this matter.
There are no contractual lease obligations as the Company was forced to vacate its premises at the end
of January, 2008.
Capital Resources
The Company is not committed to further capital expenditures for the purchase of property, plant and
equipment but is committed to further expenditures on Product Development. During the fiscal year end
June 30, 2006, on June 7, 2006 the Company announced that it has reached an agreement in principle
with QuarTek Corporation of Greensboro, North Carolina whereby the Company will license certain
nanotechnology products for use in the Flushaway products. In return, the Company will issue 4,150,000
shares and pay QuarTek US$300,000 in five installments between June 30, 2006 and March 1, 2007.
The Company will issue an additional 2,500,000 shares upon implementation of the licensed technology.
The Company issued 4,150,000 shares and paid US$100,000 in the year ended June 30, 2007.
As of March 31, 2008, the Company had 450,000 outstanding share purchase options with an exercise
price of $0.25, 545,000 options at $0.10, 470,000 options at $0.20, 1,093,500 options at $0.15, 2,647,000
options at an exercise price of $0.145 and 3,000,000 for a total of 8,205,500.
At March 31, 2007, the Company had 17,534,920 outstanding share purchase warrants (with exercise
prices ranging from $0.10 for 7,365,400 to $0.11 for 10,169,520. Subsequent to the quarter end,
10,169,520 warrants expired on May 1, 2008.
Transactions with Related Parties
During the nine months ended March 31, 2008 the Company accrued management and administration
services of $76,701 (2007: $105,196) to directors, former directors, officers and shareholders, and
companies controlled by directors and officers of the Company.
Due to related parties includes amounts due to directors, officers and shareholders and companies
controlled by, or associated with directors, and officers for consulting services and expenses of $95,279
(2007: $125,195). These amounts are non-interest bearing with no specific terms of repayment.
Advances to officers and employees are made for travel and other business related purposes. Included
in payables are travel and business expenses owing to a consultant (VP Operations) of $34,937 (2007:
receivable of $20,919).
Look at it this way,not one past CEO kept any shares after they got replace...not one thought this was going to move up and unloaded all their shares.
Banks,CES's last CEO dumped 700K @ .03 just before CES got suspended from trading..He did lots of dumping while the world was told tooo buy...
1076738 2007-11-02 2007-11-12 Direct Ownership :
10 - Acquisition or disposition in the public market -700,000 0.0300 1,442,001
https://www.sedi.ca
Consolidated Ecoprogress
Insider name: Banks, John
Insider's Relationship to Issuer: 4 - Director of Issuer, 5 - Senior Officer of Issuer
Security designation: Common Shares
252449 2004-03-29 2004-05-11 Direct Ownership :
00 - Opening Balance-Initial SEDI Report
252521 2004-03-31 2004-05-11 Direct Ownership :
11 - Acquisition or disposition carried out privately +711,961 0.0168 711,961
329048 2004-08-09 2004-10-01 Direct Ownership :
11 - Acquisition or disposition carried out privately +70,000 0.2000 781,961
329026 2004-08-24 2004-10-01 Direct Ownership :
11 - Acquisition or disposition carried out privately +150,000 0.2500 931,961
329034 2004-08-24 2004-10-01 Direct Ownership :
11 - Acquisition or disposition carried out privately -150,000 0.2500 781,961
329042 2004-08-24 2004-10-01 Direct Ownership :
11 - Acquisition or disposition carried out privately -140,000 0.2500 641,961
329044 2004-09-30 2004-10-01 Direct Ownership :
11 - Acquisition or disposition carried out privately -60,000 0.2000 581,961
405241 2005-01-28 2005-02-03 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +607,664 0.0900 1,189,625
576581 2005-03-28 2005-10-31 Direct Ownership :
10 - Acquisition or disposition in the public market -450,000 0.1010 739,625
576584 2005-04-26 2005-10-31 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +450,000 0.1000 1,189,625
O 576640 2005-07-19 2005-10-31 Direct Ownership :
10 - Acquisition or disposition in the public market -505,000 0.2039
A 576640 2005-07-19 2005-11-07 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.2300 1,139,625
579616 2005-07-19 2005-11-07 Direct Ownership :
10 - Acquisition or disposition in the public market -36,000 0.2250 1,103,625
579617 2005-07-19 2005-11-07 Direct Ownership :
10 - Acquisition or disposition in the public market -14,000 0.2200 1,089,625
O 579619 2005-07-19 2005-11-07 Direct Ownership :
10 - Acquisition or disposition in the public market -70,000 0.2100
A 579619 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.2100 1,039,625
O 579621 2005-07-19 2005-11-07 Direct Ownership :
10 - Acquisition or disposition in the public market -33,500 0.2050
A 579621 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -25,000 0.2050 1,014,625
O 579623 2005-07-19 2005-11-07 Direct Ownership :
10 - Acquisition or disposition in the public market -302,000 0.2000
A 579623 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -15,000 0.2000 999,625
582600 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -20,000 0.2100 979,625
582601 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -8,000 0.2050 971,625
582602 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -15,000 0.2000 956,625
582603 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -10,000 0.2000 946,625
582604 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -30,000 0.2000 916,625
582606 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -15,000 0.2000 901,625
582608 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -25,000 0.2000 876,625
582609 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.2000 826,625
582610 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -92,000 0.2000 734,625
582611 2005-07-19 2005-11-10 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.2000 684,625
576941 2005-07-25 2005-10-31 Direct Ownership :
54 - Exercise of warrants +607,664 0.1200 1,292,289
576942 2005-08-09 2005-10-31 Direct Ownership :
10 - Acquisition or disposition in the public market -200,000 0.1600 1,092,289
O 576945 2005-08-11 2005-10-31 Direct Ownership :
51 - Exercise of options +97,973 0.1000
A 576945 2005-08-11 2005-11-07 Direct Ownership :
51 - Exercise of options +24,000 0.1000 1,116,289
579626 2005-08-11 2005-11-07 Direct Ownership :
51 - Exercise of options +73,973 0.1000 1,190,262
577175 2005-08-26 2005-11-01 Direct Ownership :
10 - Acquisition or disposition in the public market +11,500 0.1600 1,201,762
577177 2005-10-18 2005-11-01 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +589,334 0.1500 1,791,096 1,721,096
584947 2005-11-08 2005-11-16 Direct Ownership :
11 - Acquisition or disposition carried out privately -334,000 0.1497 1,457,096
584959 2005-11-08 2005-11-16 Direct Ownership :
54 - Exercise of warrants +250,000 0.1200 1,707,096
762938 2006-07-18 2006-07-20 Direct Ownership :
11 - Acquisition or disposition carried out privately +500,000 0.1000 2,207,096
1011405 2007-07-09 2007-07-20 Direct Ownership :
10 - Acquisition or disposition in the public market -65,095 0.0450 2,142,001
1076738 2007-11-02 2007-11-12 Direct Ownership :
10 - Acquisition or disposition in the public market -700,000 0.0300 1,442,001
Security designation: Options Incentive Stock Options (Common Shares)
295535 2004-03-29 2004-07-27 Direct Ownership :
00 - Opening Balance-Initial SEDI Report
Flushaway products have been in MANY MASS retailers in the past
Good DD!! Dcjr!!
But why didn't product sell.
Walmart delisted,Kmart no reorders,Walgreens passed after pilot,UK stores delisted 5years ago and never reordered...lol 5% of 45Billion!!!yah right.
If they had a chance to grab 5% a major would of stepped in 5years ago when they were in the UK or 3yrs ago in Walmarts..
Lol...people thought Dr.fresh would of helped out with a little cash...lol..they have deep pockets and first hand knowlegde on this miracle disappearing stuff.
Funny how some here have 2-3 reasons why pyct will rise like no other stock in history.
Funny how nobody is buying!
How could this be?
Are they really that secretive about their behind the scene dealings?
On one hand you got TommyBoy screaming buy to anyone that will listen and on the other hand they being very secrective so no one loads up...LOL...tooo funny
What Dcjr is saying make absolutely no sense!
If their is a short there is no volume to back it up,if there was a chance of 10000 to 40000% gain, again no volume to back it up.
If they were in early stages of manufacturing,sales,marketing any progress at all again no volume to back it up.
It would be virtually impossible that nobody that's involved in all this would not be buying/bidding at 0001..
It is illogical that absolutely no one is getting a little info that would translate in buying or bidding.
It is impossible that only Dcjr & Tommyboy is seeing this great chance to get rich.
Also Ridiculous is the volume for someone that ready to take on the majors in a 45Billion$$$ market.
I doubt it's a sercet when you got TommyBoy screaming buy from tall buildings...
Bananna...You are still talking about the past. That was then. It's a whole new ballgame. Different players, improved products"
Where you getting your info?
TommyBoy?
It must be cuz he the only one that could be still beating this same drum...lol any why not aslong as some keeps paying him to play.Sounds to me all he has to do is buy 10000 shares of his own play sit back and relax for an easy 2-3M$$...no need to answer phones all day anymore to make sure he make other clowns 2-3M$$ aswell.
"It's a whole new ballgame. Different players, improved products"
Different players yes..improved product lol where,how??
Ces ran out of money before it could complete R&D...do some DD!!
LOLLOLLOL..up by as much as 40000%!!
In other words 200$ could make someone 80000K$ and nobody is bidding not even TommyBoys people.
Not the people that are manufactoring,not the marketing people,not freinds of lawyers or insiders working on this mega 40Billion$$ deal...nobody at all is interested in a 40000% markup from .0001...LOLOLOLOLOLOL
There is always a leak somewhere there's always some lucky ones that know someone somewhere and are told to buy before it upticks.
lol...nobody buying
Love this part...
With adequate funding behind the brand,
PayChest can capitalize on an opportunity that
has been more than a decade in development.
PayChest shareholders look to be in the right
place at the right time to benefit when this
brand does finally succeed. And it looks like
that time is close at hand.
Properly funded, Flushaway™ can establish
reliable, cost-efficient manufacturing and
wholelale facilities, and launch a national scale
ad/promo campaign.
We think these are the only two practical steps
between Flushaway™ today and a massive win
for investors.
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
With even a basic ad/promo program behind
it, the Flushaway™ brand looks certain to
succeed on a large scale.
More than ever before, consumers and retailers
alike are clamoring for environmentally
responsible product choices. In past, research
has shown that any product can gain around
five percent of the market based purely on its
green appeal. That estimate, however, made a
number of years ago, may be on the low side.
Not only do consumers and retailers love the
Flushaway™ story, so does the media. A small-
scale, test media campaign run on Flushaway™
a few years ago, achieved immediate national
attention for the brand.
Money maybe you should reread that 5K$ Letter...lol..Did you get your shares before it's too late?
So Money what they saying 1%,5% or 10% of 45Billion market?
lol...what 5% of a $$40Billion a year market share?
HugeHuge dineros a year buizz...lol someone wakeup the majors here
$40BILLIONOPPORTUNITY
In a move that gives the company immediate
access to a market valued at nearly $40 billion,
PayChest Inc. (PYCT: Pinksheets) has
acquired the worldwide rights for sales, mar-
keting, manufacturing, patents and trademarks
for Flushaway™ technology and products.
Flushaway™ exploits a unique form of patent-
ed, biodegradable, dissolving plastic-substitute
film to create a range of products that have
already won market share through giant retail-
ers WalMart, Walgreens, and K-Mart in the
USA as well as similar distributors overseas.
Until now, the rights to this remarkable tech-
nology have been held by a tiny Canadian
company, Consolidated Ecoprogress, that
struggled to compete in the jungle of giant US
retail. Despite exceptional consumer appeal
the Flushaway line needed more marketing
muscle.
Now in the hands of PayChest, the mass-mar-
ket potential of Flushaway™ products looks
set to become a reality. PYCT puts the power
of the US financial markets behind what has
already to be a proven winner with consumers.
It puts fuel in the tank to drive this opportuni-
ty into the land of exceptional profits.
For PayChest, the acquisition of the
Flushaway™ technology and product line
gives the company and its shareholders a
viable business with a track record of domestic
and international sales.
REVOLUTIONARY PRODUCT
Flushaway™ technology is basically a “plastic”
film coating process that gives the company
the ability to make absorbent products, such as
disposable diapers and feminine hygiene prod-
ucts, that break down in commercial waste-
water streams. The environmentally benign bi-
products make Flushaway™ the only green
product of its kind in the world.
- - - - -
While the product has been proven environ-
mentally sound, underlined by official recogni-
tion from the Canadian government, the fact
that women can flush spent items makes it
uniquely convenient. So while its green appeal
may help Flushaway™ pull a five point share
of a $10.0 billion annual market, its conven-
ience appeal should help it build a much
stronger following. Industry insiders have esti-
mated up to a 20-point share.
The basic design of the Flushaway™ product
has been tested in two more key product lines:
the adult protective under-garment and the
disposable infant diaper—both flushable and
both biodegradable. Combined, those market
amount to another $20 billion, bringing the
total annual market for Flushaway™ product
applications to $30 billion at last tally, but that
was several years ago. Current estimates place
the total market value closer to $40 billion.
Under the terms of the Flushaway™ deal,
PayChest has acquired the following exclusive
global rights:
Worldwide Sales & marketing rights excluding
select territories where distribution agreements
already exist
The right of first refusal on any existing distri-
bution agreements that may lapse, terminate or
be abandoned
Worldwide use of Flushaway™ related IP,
trademarks and patents with exclusive use,
where granted
Worldwide exclusive manufacturing rights to
Flushaway™
Research agreement for joint product develop-
ment
PayChest will continue to work with
Consolidated Ecoprogress on the existing pro-
duction and supply chain
The Flushaway™ operation is headquartered
in Hong Kong with a regional office in the
United Kingdom. Worldwide offices are
scheduled to open in USA, South Africa,
Vietnam, India and Brazil during this year.
Part 2
Flushaway’s™ first entry into the market, one
that has consistently met with consumer satis-
faction, is a line of feminine hygiene products.
Multinational marketing and distribution now within reach
$40BILLIONOPPORTUNITY
In a move that gives the company immediate
access to a market valued at nearly $40 billion,
PayChest Inc. (PYCT: Pinksheets) has
acquired the worldwide rights for sales, mar-
keting, manufacturing, patents and trademarks
for Flushaway™ technology and products.
Flushaway™ exploits a unique form of patent-
ed, biodegradable, dissolving plastic-substitute
film to create a range of products that have
already won market share through giant retail-
ers WalMart, Walgreens, and K-Mart in the
USA as well as similar distributors overseas.
Until now, the rights to this remarkable tech-
nology have been held by a tiny Canadian
company, Consolidated Ecoprogress, that
struggled to compete in the jungle of giant US
retail. Despite exceptional consumer appeal
the Flushaway line needed more marketing
muscle.
Now in the hands of PayChest, the mass-mar-
ket potential of Flushaway™ products looks
set to become a reality. PYCT puts the power
of the US financial markets behind what has
already to be a proven winner with consumers.
It puts fuel in the tank to drive this opportuni-
ty into the land of exceptional profits.
For PayChest, the acquisition of the
Flushaway™ technology and product line
gives the company and its shareholders a
viable business with a track record of domestic
and international sales.
REVOLUTIONARY PRODUCT
Flushaway™ technology is basically a “plastic”
film coating process that gives the company
the ability to make absorbent products, such as
disposable diapers and feminine hygiene prod-
ucts, that break down in commercial waste-
water streams. The environmentally benign bi-
products make Flushaway™ the only green
product of its kind in the world.
- - - - -
While the product has been proven environ-
mentally sound, underlined by official recogni-
tion from the Canadian government, the fact
that women can flush spent items makes it
uniquely convenient. So while its green appeal
may help Flushaway™ pull a five point share
of a $10.0 billion annual market, its conven-
ience appeal should help it build a much
stronger following. Industry insiders have esti-
mated up to a 20-point share.
The basic design of the Flushaway™ product
has been tested in two more key product lines:
the adult protective under-garment and the
disposable infant diaper—both flushable and
both biodegradable. Combined, those market
amount to another $20 billion, bringing the
To acquire the rights, PayChest will provide a
note payable of $5,000,000 (US) to
Consolidated Ecoprogress Technology Inc.
over a 4-year period, for the delivery of these
contracts and further fulfill contract payment
obligations to Consolidated Ecoprogress of 5
per cent royalties on sales.
We have been following Flushaway™ for sev-
eral years, through ups and downs. While
Consolidated Ecoprogress managed to develop
and enhance the product, and made incredible
headway in bringing retailers like WalMart and
others on board, we always maintained that the
brand lacked the financial resources to com-
pete in the giant US retail market.
U trying to say that the majors are blind to see the potential of this 45B$$ thingy!!
That all 3-4 majors in this napkin/diaper buizz are just sitting around waiting for CES 7-8 years now and pyct now to manufacture,market and start taking market share to start a bidding war for this magicall stuff?
Then you saying they dumb and blind to see the potential now.
I/we all see the great potential but not the ones with the millions to make this happen almost overnite!
There must be a reason why they not stepping up and IMO it's not cuz they want someone to start grabbing market share.
They been already waiting 5-6 years for CES and it looks like another 2-3 years before pyct does anything with no money.
Deep pockets is what you need here..the majors have that but they dumb and blind.
In the last 7-8 year,don't you think CES or anyone of CES's shareholders might of sent a napkin box of this magical stuff to any or all the majors?
lol...instead you got santa telling perfect strangers to make sure you get on board before liftoff..again!!!..LOL
No they not your's,I doubt Pyct like Ces has the resources right now to do anything but dream.
But it does show that others are using same type technology to make things flushable.
The big boys can't be far behind in this flushable area...they spending millions a year easy on it.
Ces's technology would be a steal for 5M...money they could make back in 6months with their resources,production and marketing power...lol on shelves and selling in less then 6months..
Are they dumb?
I don't think so!!
Do they know of this magical stuff?
Yup...7-8 years easy
http://findarticles.com/p/articles/mi_hb6618/is_/ai_n29047286
Bags measure 200mm x 270mm x 40 microns and are made from PVA (polyvinyl alcohol)
Lol this FLUSHABLE POOP BAGS Bio-Degradable Dog Poo Waste PVA (polyvinyl alcohol)
You see this product is using PVA (polyvinyl alcohol) that's the same technology as Flushaway.
Look here...
http://www.google.com/search?q=PVA+(polyvinyl+alcohol)+ecoprogress&sourceid=navclient-ff&ie=UTF-8&rlz=1B3RNFA_enCA209CA303
Anyways Amazon or Ebay isn't going to get you 5% of a 45B$$ market...Walmart.Walgreens and Kmart is where you want to be Walmart delisted,Walgreens passed after pilot run..that speaks volumes..
They were selling in the UK and they also never reordered..
Any one of the majors should be all over this 45B$$ thingy and not interested...
http://www.nonwovens-industry.com/articles/1999/11/feminine-hygiene-overview
http://www.flushaway.com/news/p102604.html
FLUSHIES are bio-degradable, eco-friendly, 100% water soluble, and best of all FLUSHABLE poop bags!!
Simple, fast and sanitary to use.
FLUSHIES are perfectly safe to flush, and never block the pipes as the bag dissolves harmlessly to nothing!
Bags measure 200mm x 270mm x 40 microns and are made from PVA (polyvinyl alcohol)
Lol this FLUSHABLE POOP BAGS Bio-Degradable Dog Poo Waste PVA (polyvinyl alcohol)
This must PYCT's product aswell...LOL
BUT....
http://www.google.com/search?q=PVA+(polyvinyl+alcohol)+ecoprogress&sourceid=navclient-ff&ie=UTF-8&rlz=1B3RNFA_enCA209CA303
Next stop is Ebay...
http://shop.ebay.com/?_from=R40&_trksid=m38&_nkw=flushable&_sacat=See-All-Categories
http://cgi.ebay.com/FLUSHABLE-POOP-BAGS-Bio-Degradable-Dog-Poo-Waste-PVA_W0QQitemZ170265058166QQcmdZViewItemQQptZUK_Pet_Supplies_Dogs?hash=item170265058166&_trksid=p3286.m63.l1177
The dog market could easily add another billion to the 45Billion$