Paychest Inc (PYCT)

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HONG KONG / ACCESSWIRE / October 3rd, 2014 / Paychest, Inc. (PINKSHEETS: PYCT) (the "Company") is providing an update on the previously announced $1.2 million purchase order with its UK agent, David Shaw & Co.

Over recent months PayChest has held extensive meetings with Xinpro Manufacturing film division and sanitary products manufacturing to prepare for production. Significant progress has been made and the Company anticipates first containers of product will be ready for delivery to David Shaw & Co. in the first quarter of 2015.

The company will sell its Mibella(R) product range, a patented and trademarked brand of flushable and biodegradable women's sanitary pads and liners into the UK and the US. The Company has also received strong interest from distributors and wholesalers interested in selling Mibella(R) products in mainland Europe, Asia and Africa. Each container generates revenue of around US$50,000 for PayChest, depending on product mix.

Mibella(R) offers consumers more features for the same price as competing products from the market leaders. Competing products in this fast moving consumer goods market, produced by Proctor and Gamble, Kimberly-Clarke and Johnson & Johnson, are neither flushable nor biodegradable.