PayChest Negotiating Six Purchase Orders
11 February 2012 - 3:18AM
Marketwired
PayChest, Inc. (PINKSHEETS: PYCT)
-- The
Company is in negotiations with six different customers worldwide
regarding Purchase Orders for its Flushaway/Mibella range of
flushable and biodegradable women's sanitary napkins. The Company
is also in early stage discussions with two North American
customers.
While the Company was targeting customers in North America and
Europe it has also received significant interest from other
countries that have progressed faster than anticipated. All
customers have a significant retail presence in their respective
countries.
The first purchase orders in each country has taken longer to
arrange because of different package sizes for each country or
region, different language packs, different shipper carton sizes,
and local pricing including, shipping, local taxation and import
duties. Alongside this, there is the retailer's shelf plan to
prepare and manage the placement of product onto their store
shelf.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's filings with OTC Markets
http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not
historical facts constitute forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995,
and are intended to be covered by the safe harbors created by that
Act. Reliance should not be placed on forward looking statements
because they involve unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements to
differ materially from those expressed or implied. Forward looking
statements may be identified by words such as estimates,
anticipates, projects, plans, expects, intends, believes, should
and similar expressions and by the context in which they are used.
Such statements are based upon current expectations of the Company
and speak only as of the date made.
Historical news releases on the Company can be found at
http://www.paychest.com/news.htm
Contact: PayChest, Inc. ir@paychest.com Tom Hands 1-416-619-5242
from overseas: +1-416-619-5242 Tobie Oliver 1-800-624-7479 from
overseas: +1-714-274-7206
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