HONG KONG, CHINA--(Marketwired - March 13, 2015) - PayChest, Inc. (OTC PINK: PYCT)
PayChest Inc. is pleased to announce it is preparing for production of its Mibella® womens sanitary product range.
Meetings over recent months with our manufacturing partner, Xinpro Manufacturing, and their suppliers have validated production plans and contingencies in preparing for upcoming commercial production.
The Mibella® product range to be produced first comprises ultra-thin sanitary napkins, maxi-pads and pantyliners of our patented and patent pending brand of flushable and biodegradable women's sanitary products.
Under the initial production arrangement PayChest is outsourcing production to eliminate or defer the high capital cost of setting up our own manufacturing.
Supplier production is tailored to our unique requirements using customized equipment, machinery enhancements or defined production processes. Customized equipment or machinery enhancements are put in place at PayChest cost. The Company has the option of acquiring Xinpro, or parts of, to bring production under the control of PayChest at a later date, if and when management chooses.
ISO compliance is a mandatory requirement for PayChest suppliers.
During a recent tour of the polymer film facility samples of the film were obtained and tested for strength, elasticity and thickness. The Company has asked for some modifications to the film to enhance product performance and this is currently in process.
The Company has recently received product inquiries that open up a new targeted market segment. Further news will be provided on this and other developments as more information comes available.
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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.