PAVC 10 Q

[same53]

PAVC 10Q

biz.yahoo.com/e/060821/pavc.ob10-q.html

[same53]

10Q Opinion on PAVC

The $1,033,603, debt write off was a one time deal meaning PAVC should have shown break even to a profit. The $4,135,008, or 980% increase in revenue substantiates the Share price of PAVC and is undervalued IMO under the new share structure.of PAVC.
The Company IMO will have to decrease expenses which I see them doing IMO.
Also the reason the Company stated it wanted to move to another exchange is for better financing. I beleive financing has already been talked about by the Company and will be arranged.
I beleive the Company will add aquisistions as they said they will to compliment its business.
Remember PAVC is in the developement stage.
We are in good shape IMO.

PAVC 10Q

biz.yahoo.com/e/060821/pavc.ob10-q.html
RESULTS OF OPERATIONS

Revenue for the nine months ended June 30, 2006 was $4,557,193, a increase of $4,135,008, or 980%, from $422,185 for the nine months ended June 30, 2005. The increase in revenue was as a result of the acquisition of Macro Communications (“Macro”) in September, 2005.

Cost of revenue for the nine months ended June 30, 2006 was $4,182,713, a increase of $3,199,653, or 325%, from $983,060 for the nine months ended June 30, 2005. The increase in cost of sales was also as a result of the acquisition of Macro. The gross profit percentage for the nine months ended June 30, 2006 was 8.2% compared to (133%) for the nine months ended June 30, 2005. Telecom related sales accounted for the Company’s entire revenue in the current period.

Debt retirement expense for the nine months ended June 30, 2006 was $1,033,603, a increase from $0 from the nine months ended June 30, 2005, as the Company offered inducements to certain debtholders to convert their obligations to shares. Wages and Benefits costs decreased by $2,841,359 due to changes in corporate and compensation structure and staffing. Office, Rent & Sundry expenses increased by $189,038 for the period ended June 30, 2006, and Depreciation expense increased by $123,653, both as a result of the acquisition of Macro. Foreign exchange losses increased by $140,223 in the current period compared to the prior period.