Paychest Inc (PYCT)

[poopscooper]

What orders you think CES has today when in their primetime they had these...Do a little DD you have yet to learn that you will eventually endup with wallpaper

http://newsblaze.com/story/2006081612101500001.mwir/topstory.html


Sales in the quarter ended June 30, 2006, were $33,530. Sales comprising of $11,145 has been delivered to Envirostar in South Africa and $22,385 were delivered to Dr. Fresh. Although there was a $120,000US licensing fee for the purchase of a territory by Highford Holdings, the revenue will be amortized over the 60 month period of the contract. For the present quarter, sales are $17,013 and an order just sent on August 4 and arriving on August 25 is for $16,692. All sales have gone to Dr. Fresh this quarter. To fulfill the request from Dr. Fresh, orders have been shipped on an as needed basis and thus partial containers have been sent. Sales are conservatively booked and a sale is only booked after product is received by the distributor which is typically about 6 to 8 weeks from production to the customer. Our outstanding accounts payable presently stands at $334,000.