One had to know that they were dealing with clowns when an environmentally friendly company plans on using polyethylene packaging wrap...lol...clownjob??
PayChest Executes First Phase Cost Reduction of Flushaway(TM)
12:48p ET February 1, 2010 (Market Wire)
PayChest Inc. (Arizona) (PINKSHEETS: PYCT).
PayChest is pleased to announce the project initiation of a new polyethylene packaging wrap for Flushaway(TM) 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(TM) 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(TM) 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.
Contact:PayChest, Inc.Investor Relations1-877-525-5170ir@paychest.comwww.flushaway.com
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