Post by bg317 on May 15, 2008 7:32:42 GMT -5
Paivis Corp. Announces Completion of Important Merger Agreement Deliverable
ATLANTA, GA, May 15, 2008 (MARKET WIRE via COMTEX) -- PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC) today announced it has completed its internal technology audit, an important deliverable required pursuant to the merger agreement with TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH).
Including but not limited to other uses, this technology audit provides Trustcash with info regarding Paivis' maintenance of key parts of its operations needed in its ordinary course of business.
This technology audit also forms a key basis of a development strategy for the integration of technology platforms with Trustcash.
Edwin Kwong, the Interim Chief Executive Officer of PAIVIS, commented: "As previously announced we are working to expedite our deliverables under the merger agreement. With the completion of our internal technology audit we are pleased with our progress in completing what has to be done under the merger agreement as quick as possible."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. TRUSTCASH and PAIVIS intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause TRUSTCASH and PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in TRUSTCASH and PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at www.sec.gov.
Contacts:
Paivis, Corp.
Phone: 404-601-2885
www.paivis.com
SOURCE: Pavis, Corp.
CONTACT: www.paivis.com
ATLANTA, GA, May 15, 2008 (MARKET WIRE via COMTEX) -- PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC) today announced it has completed its internal technology audit, an important deliverable required pursuant to the merger agreement with TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH).
Including but not limited to other uses, this technology audit provides Trustcash with info regarding Paivis' maintenance of key parts of its operations needed in its ordinary course of business.
This technology audit also forms a key basis of a development strategy for the integration of technology platforms with Trustcash.
Edwin Kwong, the Interim Chief Executive Officer of PAIVIS, commented: "As previously announced we are working to expedite our deliverables under the merger agreement. With the completion of our internal technology audit we are pleased with our progress in completing what has to be done under the merger agreement as quick as possible."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane Reade, 7-Eleven, and Chevron.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact , as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. TRUSTCASH and PAIVIS intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause TRUSTCASH and PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in TRUSTCASH and PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at www.sec.gov.
Contacts:
Paivis, Corp.
Phone: 404-601-2885
www.paivis.com
SOURCE: Pavis, Corp.
CONTACT: www.paivis.com