Paychest Inc (PYCT)

[poopscooper]

Order to delivery time is now six weeks.

So you could forget sales,on shelves in 2 weeks.
Get an order first..lol
Actually get money first so that someone will produce that order.



In keeping with stated goals, the Company has been working to cement retail orders in Canada. The Company anticipates orders from Canadian retailers in early 2006 (Q3 fiscal 2006). Samples have been sent to major retailers. The Company acts as its own distributor for Canada.


The Company has now established the lowest-cost manufacturing base in Company history. Using a network of contract manufacturers, product supply is now reliable, stable, and scalable. As a result, retail pricing, formerly at a 50 per cent premium, is now at parity with national brands while gross margins are improved.

Order to delivery time is now six weeks.

Flushaways are now available in eight combinations of two product lines as follows: one pad and one liner combo pack, four pads and six liners, forty-four liners, thirty-two liners, sixteen liners, thirty-six pads, eighteen pads, and twelve pads. Packaging is available in English, English and French, English and Spanish, and Japanese. The Company is developing a "heavy flow" and a "thong" product.


http://www.thefreelibrary.com/Ecoprogress+Interim+Update+and+President's+Message.-a0139039581

Mr John Banks reports:

Consolidated Ecoprogress wishes to provide shareholders with the following interim update.

Since the start of fiscal 2006 (July 1, 2005), substantial changes have reshaped the Company. In brief, we have completed restructuring our operations. During the course of this restructuring, we have achieved a number of key accomplishments we believe sets the Company on a strong foundation for growth.

Sales for the Q1 2006 are approximately $50,000.00. One full container of product during the quarter failed to meet our specifications. The container has been replaced and, as a result of this, sale of the container is to be recorded in Q2. Total sales for Q2 are projected to be approximately $250,000.00-a record quarter. This amount excludes any sales realized under the recently announced contract with US distributor Dr. Fresh. Management expects to see revenue derived from this contract commencing in Q3. The Company is projecting subsequent quarterly sales to continue to grow.

Sales are reported on a conservative basis and only booked as sales when delivered to distributors. Work in process and freight on delivery is booked as ordered until delivered.

In keeping with stated goals, the Company has been working to cement retail orders in Canada. The Company anticipates orders from Canadian retailers in early 2006 (Q3 fiscal 2006). Samples have been sent to major retailers. The Company acts as its own distributor for Canada.


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The Company has now established the lowest-cost manufacturing base in Company history. Using a network of contract manufacturers, product supply is now reliable, stable, and scalable. As a result, retail pricing, formerly at a 50 per cent premium, is now at parity with national brands while gross margins are improved.

Order to delivery time is now six weeks.

Flushaways are now available in eight combinations of two product lines as follows: one pad and one liner combo pack, four pads and six liners, forty-four liners, thirty-two liners, sixteen liners, thirty-six pads, eighteen pads, and twelve pads. Packaging is available in English, English and French, English and Spanish, and Japanese. The Company is developing a "heavy flow" and a "thong" product.

It is expected that product for South Africa will be dispatched in December to be available on store shelves in January. The product has been modulated for local humidity.

The Company continues to negotiate with new distributors worldwide and expects additional contracts to be signed in the coming quarter.

The Company is currently sourcing additional inventory and promotional financing. Our contract with US distributor Dr. Fresh includes a commitment from Dr. Fresh for $US250,000.00 in promotional spending in the coming twelve months.

Additional work on the Company's patents have improved our intellectual property position. We hold patents in the UK, Canada, Australia and have patents pending in the US, China and internationally. The Company is currently at work on three additional new patents.

Combined, these achievements represent a complete re-organization of the Company-from product design through retail delivery.

It is noteworthy that all compensation is chiefly performance-based through forms of equity participation. In addition, management has, from time-to-time, brought additional equity in and loaned money to the business. These facts underscore management's commitment to the success of Consolidated Ecoprogress.

The Company has been asked by its distributors to report sales dollar values on a cumulative, quarterly basis only, rather than on individual orders, as has been done in the past, due to competition factors. The Company is now moving overall toward quarterly financial modeling and forecasts, and will report cumulative sales figures accordingly. While the Company has in past reported sales of containers with no specific dollar value quoted, in general, containers of Flushaway are valued between $US30,000.00 and $US150,000.00 depending upon product mix.

Champion is continuing to assist the Company in identifying alternate financing sources and also to use existing contacts to source new distributors worldwide. The Company is currently assessing new sales distributors for the China territory

While the Company is tightly focused on the fem-hy segment of the absorbent products market, the larger vision encompasses expansion beyond this market. Additional markets in the absorbent products sector include infant diapers and adult protective wear.

In addition, the Company recently signed a Letter of Intent with Quartek Corporation of North Carolina for the development and marketing of nano-materials. While immediately applicable within the present scope of business, nano-materials fall into the Company's broader mission of marketing biodegradable plastic replacement products.

Consolidated Ecoprogress makes Flushaways-the world's first and only line of flushable, biodegradable feminine hygiene products. Flushaways are currently available in 1,700 Wal Mart stores throughout the United States and soon to be in South Africa in Clicks and Pick 'n Pay stores. They are also now in use by the United States Marine Corps worldwide and are soon to be available in more than 3,000 convenience stores in California.