PayChest Registers Flushaway(R) With FDA
HONG KONG--(Marketwire - 03/17/11) - PayChest, Inc. (Pinksheets:PYCT - News) -- PayChest Inc. (the "Company") is pleased to announce it has registered Flushaway® with the FDA in compliance with medical device registration regulations.
Flushaway® pads and liners do not require pre-approval by the FDA, unlike some medical devices. Registration with the FDA is a pre-requisite for Flushaway® sales in the US, and other countries that use the US Food and Drug Administration as a benchmark.
The Company is confident it will deliver a unique women's hygiene product to the consumer that is of equal or better quality to the major companies in this marketplace (Proctor and Gamble, Kimberly-Clark and Johnson and Johnson) while having the added features of being a flushable and biodegradable product at a comparable price.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.
About the proposed dividend of subsidiary PayChest (Oregon)
PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based platforms to integrate into an existing business system.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
