PYCT PayChest, Inc. featured news, full reports, and detailed charts
PayChest, Inc. (PYCT/PYCT.PK) Wrap Up:
PayChest, Inc. operates as a marketing company, as well as developer of technology solutions. The company has exclusive worldwide rights to Flushaway, a patented range of absorbent biodegradable and flushable products. Its strategic partner companies market and distribute select products and services worldwide, which provide public awareness to conserve and preserve the world's limited resources. The company's affiliated companies develop integrated commerce processing solutions, including point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms, and rewards based platforms to integrate into an existing business system. PayChest, I...PayChest, Inc. (PYCT:OTC)
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Market Cap
2.0M
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Total Revenue
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EBITDA
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DILUTED EPS TTM
0.00
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P/E
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P/S
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Return On Asset
-0.60
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Return On Equity
-2.02
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| K = Thousands M = Millions B = Billions | ||
PYCT Top Compensated Officers
Executives, Board Directors
Key developments for PayChest, Inc. (PYCT)
PayChest Inc. reported that the first part of the trial production run has produced samples of the Flushaway product. These samples are currently being assessed in accordance with established standards before going into the tests previously announced. Additional trial production of samples will continue. The plan, as outlined in the August 6 news release, anticipates trial production completing at the end of August and provides time for fault finding and correction of materials, production techniques and machine process. After trial production completes, and building on test knowledge already held by Consolidated Ecoprogress, samples will be put through the following set of tests:-Test A is for human trials under high temperature & high humidity conditions.-Test B will simulate an extended shelf life. Assuming the successful outcome of both tests, that will execute simultaneously and last up to eight weeks, the new generation of Flushaway will be a validated product, allowing samples to be released, and that the production can proceed to the next stage preparing for full scale commercial production. Samples from the trial production that pass the tests and are excess to test requirements will be available for shareholders, investors, and new distributors that the company has identified, or expects to recognize as a distributor of this innovative product. This is a new generation of product and these dates are a guide to completion as there are many variables in the trial production and testing phases. Completing these milestones would follow more than a year's testing and redesigning of the product that was previously sold in Wal-Mart, K-Mart and other retailers around the world.
PayChest Inc. announced that it has commenced trial production and test of a new design of the revolutionary Flushaway sanitary products line. This is a key milestone as the company takes its first tangible manufacturing steps towards full production of Flushaway. The trial, carried out as a project under the commercialization agreement and majority funded by consolidated ecoprogress, is for small scale production followed by a test to validate expected product performance improvements aimed at addressing high humidity performance and lengthening storage and shelf life. This trial and test builds on the successful laboratory and bench tests reported in February 2009. Assuming successful completion of this trial production, a positive result from the subsequent test, and with modest film development work that has already been defined, the company expects this generation of the Flushaway product to have superior performance and a sizeable reduction in production costs when compared to previous versions of the Flushaway product line. Samples from the trial production, excess to test requirements, will be available for shareholders, investors, and new distributors that the company has identified, or expects to recognize as a distributor of this innovative product.
PayChest Inc. announced that the newly redesigned version of the 'Flushaway' feminine hygiene product line has successfully passed two phases of testing including both bench and laboratory testing. The 'Flushaway' product line contains two main components. Both the flushable pads and liners have a cover stock that is a biodegradable material that is in contact with the consumer. This component usually adheres the product to the woman's underwear.
PYCT Competitors
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Industry Analysis
| Valuation | PYCT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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PYCT transactions
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Bankruptcy
June 26, 2009 |
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More Recent News About PayChest, Inc.
More news for PYCT
PayChest Inc. Flushaway Progress Report
HONG KONG--(Marketwire - 09/01/09) - PayChest Inc. (Arizona) (Pinksheets:PYCT - News). Paychest Inc. announces that trial production has produced samples of Flushaway during August as originally planned. These samples will now commence tests for a) heat & humidity tolerance and b) extended shelf life. These tests will be carried out in parallel and are on schedule to complete at the end of October.New unforeseen production options were also identified during the trial production that were not explored due to time constraints. The Company is extending the trial production to validate these new options and anticipates these samples may also enter the test phase. It is expected this additional sampling will not affect the overall timeframe for completing the trial samples and subsequent tests.The samples will be put through the following set of tests:� -- Test A is for human trials under high temperature & high humidity conditions. -- Test B will simulate an extended shelf life. Assuming the successful outcome of both tests, that will execute simultaneously and last up to eight weeks, the new generation of Flushaway will be a validated product, allowing samples to be released, and that can proceed to the next stage preparing for full scale commercial production.Samples from the trial production that pass the tests and are excess to test requirements will be available for shareholders, investors, and new distributors that the Company has identified, or expects to recognize as a d...Click here to read the whole Article (external link)
PayChest Inc. -- First Trial Samples of Flushaway Completed
HONG KONG--(Marketwire - 08/19/09) - PayChest Inc. (Arizona) (Pinksheets:PYCT - News). Paychest Inc. is pleased to report that the first part of the trial production run has produced samples of the Flushaway product. These samples are currently being assessed in accordance with established standards before going into the tests previously announced. Additional trial production of samples will continue.The plan, as outlined in the August 6 news release, anticipates trial production completing at the end of August and provides time for fault finding and correction of materials, production techniques and machine process.After trial production completes, and building on test knowledge already held by Consolidated Ecoprogress, samples will be put through the following set of tests:� -- Test A is for human trials under high temperature & high humidity conditions. -- Test B will simulate an extended shelf life Assuming the successful outcome of both tests, that will execute simultaneously and last up to eight weeks, the new generation of Flushaway will be a validated product, allowing samples to be released, and that the production can proceed to the next stage preparing for full scale commercial production.Samples from the trial production that pass the tests and are excess to test requirements will be available for shareholders, investors, and new distributors that the Company has identified, or expects to recognize as a distributor of this innovative product.This is a new g...Click here to read the whole Article (external link)
PayChest Inc. Flushaway Trial Production Progress Report
HONG KONG--(Marketwire - 08/06/09) - PayChest Inc. (Arizona) (Pinksheets:PYCT - News). PayChest announces that the trial production remains on schedule and is broadly operating as expected. The manufacturer is an expert in the field of feminine hygiene that already produces and sells product internationally.The current plan anticipates trial production completing at the end of August and provides time for fault finding and correction of materials, production techniques and machine process.After trial production completes, and building on test knowledge already held by Consolidated Ecoprogress, samples will be put through the following set of tests:� -- Test A is for human trials under high temperature & high humidity conditions. -- Test B will simulate an extended shelf life. Assuming the successful outcome of both tests, that will execute simultaneously and last up to eight weeks, the new generation of Flushaway will be a validated product, allowing samples to be released, and that can proceed to the next stage preparing for full scale commercial production.Samples from the trial production that pass the tests and are excess to test requirements will be available for shareholders, investors, and new distributors that the Company has identified, or expects to recognize as a distributor of this innovative product.This is a new generation of product and these dates are a guide to completion as there are many variables in the trial production and testing phases.Com...Click here to read the whole Article (external link)
PayChest Inc. Trial Production of Flushaway Begins
HONG KONG--(Marketwire - 07/31/09) - PayChest Inc. (Arizona) (Pinksheets:PYCT - News). Paychest announces that today it has commenced trial production and test of a new design of the revolutionary Flushaway sanitary products line.This is a key milestone as the Company takes its first tangible manufacturing steps towards full production of Flushaway. The trial, carried out as a project under the Commercialisation Agreement and majority funded by Consolidated Ecoprogress, is for small scale production followed by a test to validate expected product performance improvements aimed at addressing high humidity performance and lengthening storage and shelf life. This trial and test builds on the successful laboratory and bench tests reported in February 2009.Assuming successful completion of this trial production, a positive result from the subsequent test, and with modest film development work that has already been defined, the Company expects this generation of the Flushaway product to have superior performance and a sizeable reduction in production costs when compared to previous versions of the Flushaway product line.Samples from the trial production, excess to test requirements, will be available for shareholders, investors, and new distributors that the Company has identified, or expects to recognize as a distributor of this innovative product.Completing this milestone follows more than a years testing and redesigning of the product that was previously sold in Wal-Mart, K-Mart and other retailers around...Click here to read the whole Article (external link)
PayChest Inc. Year End Financials Reported
Expired Yahoo - Document Has Expired/iw/090508/0499470.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
PayChest Inc. 3rd Quarter Financials Reported
Expired Yahoo - Document Has Expired/iw/090506/0498740.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
PayChest Inc. Issues Manufacturing Update
VANCOUVER, BC--(MARKET WIRE)--Apr 8, 2009 -- PayChest Inc. (Arizona) (Other OTC:PYCT.PK - News) announces that the company is advancing toward initial production of the "Flushaway" product line. The company is in advanced negotiations with several potential manufacturers in China to produce both women's pads and liners. All manufacturers that the company is in discussions with are experts in feminine hygiene production and have the capabilities necessary to employ the unique processes needed to produce our product line. The company is confident that it will deliver a women's hygiene product line to the consumer that is of equal or better quality to the major companies in this marketplace (Proctor and Gamble, Kimberly-Clark and Johnson and Johnson) while having the added feature of being a flushable product at a comparable price.About PayChest (Arizona)PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.About the proposed dividend PayChest (Oregon)PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based plat...Click here to read the whole Article (external link)
PayChest, Inc. Announces New FAQ Section for Website
VANCOUVER, BC--(MARKET WIRE)--Mar 20, 2009 -- PayChest, Inc. (Arizona) (Other OTC:PYCT.PK - News) announces that a new FAQ (Frequently Asked Questions) section has been updated on the company website. The website is www.flushaway.com. This section will be updated on a regular basis as developments progress with the company. The company is confident that it will deliver a women's hygiene product line to the consumer that is of equal or better quality to the major companies in this marketplace (Proctor & Gamble, Kimberly-Clark and Johnson & Johnson) while having the added feature of being a flushable product at a comparable price.About PayChest (Arizona)PayChest, a global marketing company and developer of technology solutions, and its strategic partner companies market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.About the proposed dividend -- PayChest (Oregon)PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in-store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewar...Click here to read the whole Article (external link)
PayChest, Inc. Announces No Reverse Split
VANCOUVER, BC--(MARKET WIRE)--Mar 11, 2009 -- PayChest, Inc. (Arizona) (Other OTC:PYCT.PK - News) announces that there will be no reverse split in the company's shares neither in 2009 nor in the foreseeable future. The company has consistently maintained and implemented this philosophy as reverse splits are typically detrimental to shareholder value. The shares outstanding remain unchanged at 19.85 billion shares. The company is extremely confident that as developments progress with the "Flushaway" pads and liners, shareholder values will be enhanced. The company is confident that it will deliver a women's hygiene product line to the consumer that is of equal or better quality to the major companies in this marketplace (Proctor and Gamble, Kimberly-Clark and Johnson and Johnson) while having the added feature of being a flushable product at a comparable price.About PayChest (Arizona)PayChest, a global marketing company and developer of technology solutions, and its strategic partner companies market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.About the proposed dividend PayChest (Oregon)PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment ...Click here to read the whole Article (external link)
PayChest Inc. Announces New Flushaway Successfully Tested
VANCOUVER, BC--(MARKET WIRE)--Feb 25, 2009 -- PayChest Inc. (Arizona) (Other OTC:PYCT.PK - News) announces that the newly redesigned version of the "Flushaway" feminine hygiene product line has successfully passed two phases of testing including both bench and laboratory testing. The "Flushaway" product line contains two main components. Both the flushable pads and liners have a cover stock that is a biodegradable material that is in contact with the consumer. It is similar to major brands and our product line has a biodegradable advantage. The second component is an underlying flushable and biodegradable film that holds the product together and is designed to retain its integrity until it is flushed away, at which time it dissolves. This component usually adheres the product to the woman's underwear. While the Flushaway film is flushable and biodegradable, the big names in the industry usually use polyethylene or polypropylene which has a life of up to 200 years and is not biodegradable or flushable and often sits in our landfills. This is the major difference between the Flushaway product line and the products of all the large producers in this market sector.Flushaway has a newer low cost film planned that will reduce costs compared to previous versions of the product. A recent feasibility analysis from experts in this field also shows an improvement in performance of the new film. This film works with the newly patented design as announced in the previous news release dated Feb.18.The company is confident given these ...Click here to read the whole Article (external link)
