Post by bg317 on Nov 13, 2008 13:33:50 GMT -5
fwiw Paivis, Corp. to Develop Dividend Program for ShareholdersNov 13, 2008 10:37:16 (ET)
ATLANTA, GA, Nov 13, 2008 (MARKET WIRE via COMTEX) -- Paivis, Corp. ("PAIVIS" or the "Company") (PINKSHEETS: PAVC) today announces its new CEO is developing a dividend program for its shareholders.
The program will consist of stock dividends and may be implemented in stages or on a regular basis. A long-term plan may include cash dividends subject to profitability.
Mr. Sands, CEO of Paivis, stated: "I believe that the Company's recently announced acquisition plans will provide greater shareholder value, but could also provide a mechanism to reward our patient and loyal shareholder base. We plan on presenting a program to the board to vote on soon. As the Company executes on its business plan and achieves growth, the planned dividend program will share success with our shareholders."
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.
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