Paychest Inc (PYCT)

[playingthegame]

----- UPDATE LOG -----



This Log reports select activities with the most recent activity first.


Planned Phase: Marketing samples production

Purpose: a) Primary purpose is to produce marketing materials for distributors, product sales brokers, and retailers including product, packaging and
literature support
b) Secondary purpose is to provide sample product to shareholders

Status: July 2nd: Sample production process - film production started
June 25: The last of overseas supplied materials to be used in sample production have arrived at the factory in China.
All domestic supplied materials to be used have also arrived at the factory and laboratory in China.
Laboratory work has started to prepare the formulas for sample production
June 21: Select equipment purchased end of May received and prepared for operation
June 17: Barcodes received and included in packaging update
June 11: Logo and packaging update started
June 7: First overseas materials out of customs and delivered to factory
June 5: All materials sourced, funded and purchased for the production of samples
June 2: First overseas supplied materials enter China customs
End May: Most materials have been sourced, funded and purchased ready for the production of samples.
Select equipment has been purchased ready for sample production.

Early May: Materials purchasing started

Completed Phase: Materials testing

Status: Primary goals completed early May

Completed Phase: PCT registration

Status: PCT registration of patent reported March 2010