Paychest Inc (PYCT)

[poopscooper]

he nanotech material is expected to be implemented in March and is expected to increase margins to around 40% after royalties to QuarTek. Presently, approximately 8 containers of product a month are needed to be cash neutral. With the addition of the new material, approximately 4 containers are needed to be cash neutral. Quality control testing and sampling will begin in early March to perfect the production process. Retooling of machinery and new production techniques will be implemented during this transition. New production facilities with machinery specific to our product line have been sourced. The new generation of the product will look and feel the same except at a much lower cost. It is expected that we will manufacture and ship at least 3 containers in March. While inventories of the Flushaway™ pads and liners are expected to be extremely low during this transition, store shelves are expected to remain stocked.


http://www.nanotech-now.com/news.cgi?story_id=20297