Paychest Inc (PYCT)

[poopscooper]

Clarification of News Release dated April 26, 2004

The Company previously reported that the flushawayTM brand of feminine hygiene products was being piloted at a major U.S. retailer with more than 3,000 stores. The U.S. retailer that participated in the pilot program was an entity other than Wal Mart. The identity of the retailer has not been disclosed as the Company has not obtained consent from the retailer. The pilot program was conducted solely by Premier and was a one-time event achieving mixed results. The Company also reported that "recent critical testing by an independent U.S. laboratory indicates flushawayTM is ready for the U.S. market and capable of competing". The Company wishes to report that the entity that performed the independent testing was Shuster Laboratories, Inc. of Canton, Massachusetts, U.S.A, an independent testing laboratory.

Clarification of News Release dated June 2, 2004