Paychest Inc (PYCT)

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The Company also wishes to clarify a previously reported statement that "flushawayTM continues to flourish at Boots, Sainsburys and Waitrose." This statement was based on U.K. sales of approximately $169,000 in the preceding 5 quarters ended September 30, 2003. While a decline was noticed in the quarter preceding the news release, the Company believed sales would be sustainable. Subsequently, sales for the U.K. continued to decline.