Paychest Inc (PYCT)

[poopscooper]

FUNNY HOW THEY CLAIM TO HAVE OFFICES IN THE UK AND CHINA BUT HAVE TO SHUT DOWN VANCOUVER OFFICE....ONLY OFFICE LEFT IN VANCOUVER MUST BE TOM'S


Lease commitment
On January 31, 2008 the Company was obliged to vacate the office and the lease obligations
associated with its office in Vancouver were extinguished.




16. ECONOMIC DEPENDENCE
During the nine months ended March 31, 2008, one customer accounted for 100% (2007:
three customers accounted for 94%) of revenues. At March 31, 2008, there were no trade
receivables (2006: one customer accounted for 100% of $2,037). At March 31, 2008 and
2007, the Company was dependent on one manufacturer for its finished products and one
company for its raw film material.


17. COMMITMENT
Lease commitment
On January 31, 2008 the Company was obliged to vacate the office and the lease obligations
associated with its office in Vancouver were extinguished.