HONG KONG, CHINA--(Marketwired - November 03, 2014) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest is pleased to announce that the Company, with its partners, have completed the design of its first flushable and biodegradable adult protection product.
This first product in PayChest's adult protection range is for light adult protection and will target the expanding "50 years or more" consumer market typified by baby boomers. Around one person in six that is 50 years or more uses some form of adult protection. Consumers typically use these light adult protection products to protect against urinary leaks caused by factors such as childbirth, diabetes, prostate problems, certain prescribed medicines and age related muscle control issues.
The superior discretion offered by a flushable adult protection product allows the consumer -- male and female -- to preserve their dignity and image of living a healthy and active lifestyle.
This new product draws on patents and designs currently owned or licensed by PayChest.
Together, the flushable and biodegradable adult protection range with the Mibella®/Flushaway® biodegradable and flushable womens sanitary product range provide the Company greater revenue potential, additional product lines and ultimately better revenue protection.
The Company expects to have prototypes available during the first quarter 2015, provided by Xinpro, our production partner that also manufactures the Mibella®/Flushaway® womens sanitary product range.
As more information comes available regarding the new product line, and any other developments, the Company will deliver this information to the market by news release. Those not currently on our e-mail list for news releases are encouraged to call or e-mail the company to be added.
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.