Post by bg317 on Jun 30, 2008 10:12:35 GMT -5
Paivis to Immediately Implement Plan to Push Trustcash to Close Merger Before Mid August
ATLANTA, GA, Jun 30, 2008 (MARKET WIRE via COMTEX) -- PAIVIS CORP. ("Paivis" or the "Company") (PINKSHEETS: PAVC) today announced to its shareholders it will immediately implement a plan to push Trustcash Holdings, Inc. ("Trustcash") to close the merger before the mid August quarterly report due date.
The Company feels its stock is very undervalued currently and will do everything possible for increased shareholder value.
With that in mind, Paivis believes it brings most of the value to the planned business combination and therefore for the benefit of its shareholders it will take the necessary action to push Trustcash to complete this transaction without further delay.
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.
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.
Contact:
Paivis, Corp.
Phone: 404-601-2885
www.paivis.com
