Paychest, Inc. (PYCT: OTC Link) | PayChest Negotiating Six Purchase Orders

PayChest Negotiating Six Purchase Orders

Feb 10, 2012

OTC Disclosure News Service

Lantau, HGK, China –

TheCompany is in negotiations with six different customers worldwideregarding Purchase Orders for its Flushaway/Mibella range offlushable and biodegradable womens sanitary napkins. The Company isalso in early stage discussions with two North American customers.

Whilethe Company was targeting customers in North America and Europe ithas also received significant interest from other countries that haveprogressed faster than anticipated. All customers have a significantretail presence in their respective countries.

Thefirst purchase orders in each country has taken longer to arrangebecause of different package sizes for each country or region,different language packs, different shipper carton sizes, and localpricing including, shipping, local taxation and import duties.Alongside this, there is the retailers shelf plan to prepare andmanage the placement of product onto their store shelf.

NOTES ABOUT FORWARD-LOOKINGSTATEMENTS

Exceptfor any historical information contained herein, the mattersdiscussed in this press release contain forward-looking statementsthat involve risks and uncertainties, including those described inthe Company’s filings with OTC Marketshttp://www.otcmarkets.com/stock/PYCT/financials.

Certain statements contained inthis release that are not historical facts constitute forward-lookingstatements, within the meaning of the Private Securities LitigationReform Act of 1995, and are intended to be covered by the safeharbors created by that Act. Reliance should not be placed onforward looking statements because they involve unknown risks,uncertainties and other factors which may cause actual results,performance or achievements to differ materially from those expressedor implied. Forward looking statements may be identified by wordssuch as estimates, anticipates, projects, plans, expects, intends,believes, should and similar expressions and by the context in whichthey are used. Such statements are based upon current expectationsof the Company and speak only as of the date made.

Contact: Paychest, Inc. ir@paychest.com

TomHands : 1-416-619-5242 from overseas: +1-416-619-5242

TobieOliver : 1-800-624-7479 from overseas: +1-714-274-7206

Source:PayChest Inc.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/PYCT/news?id=42271

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