PayChest Receives $1.2 Million Purchase Order
16 April 2012 - 11:00PM
Marketwired
PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is very pleased to announce it has
received its first Purchase Order worth $1.2 million.
The Purchase Order, from David Shaw & Company in the UK,
requires delivery of 16 containers of Mibella flushable and
biodegradable sanitary products over 12 months. Each container of
product is worth more than US $75,000 in gross revenue to the
Company.
David Shaw & Co. is a UK & Ireland distributor with more
than 30 years' experience selling to large UK, Irish and European
retailers.
Shortly before the product is placed onto store shelves, the
Company plans to provide an update of retail stores where Mibella
product will be placed and available to consumers.
As announced on February 10, 2012, the Company was negotiating
six (6) purchase orders. Today's announcement marks the first of
those anticipated purchase orders.
The Company continues to negotiate other purchase orders with
the objective of building on this first purchase order and creating
a growing pipeline of orders and revenue.
Historical news releases on the Company can be found at
http://www.paychest.com/news.htm.
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.
Contact Information 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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