Paychest Inc (PYCT)

[poopscooper]

Talk was cheap!!!


These agreements offer two profitable revenue streams for CES:

(i) CES will supply specialized materials and a technology package to HKC. This package and materials are required for all flushaway(TM) licensed production and in the first year will generate revenues of at least US$1 million for CES.

(ii) In addition, CES will be able to sell HKC produced flushaway(TM) into the global feminine hygiene market outside of the Territory, yielding strong margins.

The distribution agreement commits HKC to sell US$5 million of flushaway(TM) in the first year. They have earmarked significant funding to ensure this volume is achieved through more than 6,500 stores to which they have direct access.

Michael Ong, VP Asia Business Development for CES states:

"This is the beginning of an exciting business relationship with HKC! The Chinese market offers huge potential in its own right and these agreements enable CES to realize cost effective flushaway(TM) production and enhance our growth plan."

CES manufactures and distributes flushaway(TM), the world's first and only flushable and biodegradable brand of sanitary napkins and panty liners, into world-wide markets estimated to be upwards of $9.0 billion USD.

ON BEHALF OF THE BOARD OF DIRECTORS


http://findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_9/ai_n6187016