Paychest Inc (PYCT)

[dcjr4107]

Here is the whole Johnson & Johnson PR;

"CONSOLIDATED ECOPROGRESS TECHNOLOGY INC ("CES-V;CEPGF-L") JOHNSON & JOHNSON ("JNJ-BHDNPQX") - A Joint Research And Development Project Consolidated Ecoprogress Technology Inc. ("Ecoprogress") is pleased to announce that it has formulated a joint research and development project with Johnson & Johnson for the development of the company's biodegradable Diapers and Incontinence Pads. Johnson & Johnson is known worldwide for their famous brands of baby powder, baby oil and numerous other consumer products. Combining Ecoprogress' patented flushable and biodegradable B-9 film with Johnson and Johnson's super absorbent naturally biodegradable spaghnum moss will result in the testing of the first biodegradable diapers and incontinence pads on the market today. Johnson & Johnson's spaghnum moss has already been proven successful in numerous products such as Stayfree sanitary napkins. (It is also marketed under Absorbec(TM) label). The objective of this project is to become the first replacement diaper to the non bio-degradable diaper which is widely recognized as the largest household disposable product today. With significant pressures influencing both industry and consumers to move towards "Eco-Sensitive" alternatives, an ideal opportunity exists to participate in this multi-billion dollar industry. The North American disposable diaper market is estimated at $14 billion per year. Upon completion of consumer testing these new products will be submitted to Environment Canada's Environmental Choice(M) Program for certification approval under the prestigious Ecologo(M). The company's current line of Simplicities(TM), flushable and biodegradable feminine hygiene products, have already been certified. The company's feminine hygiene products are flushable and biodegradable, therefore do not end up in landfills. Simplicities(TM) is the first and only feminine hygiene product certified by Environment Canada's Ecologo(M). TEL: [phone] Michael Daniels, FAX: [phone] Consolidated Ecoprogress Technology Inc."