I am super HAPPY about this PR below
I was not at home when this News came out. Let me say this IMO this the News Today spells out an agressive plan that will make .005 look like 01, 02, 03, 04 or even higher.
All here have seen my posts and I am about 99% right when I state News is coming like today.
I am super HAPPY about this PR below.
I see things happening in a fast way. For one We can get bought out again and the shares will become unrestricted.
Two, when we go to another exchange what will happen? Alot will happen IMO and all good. I beleive plans are already in place as stated in the PR.
Mr Bauer at Macro and Mr Prescott at VoxBox are very talented CEO's. Mr Stahl is agressive an very capable IMO.
Again IMO a lot of people who stayed for this merger are going to be Very Happy IMO.
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Paivis, Corp. (Formerly Known as APO Health, Inc.) Announces Corporate Development Plans and New Ticker Symbol - PAIV
ATLANTA, GA, May 18, 2006 (MARKET WIRE via COMTEX) -- Paivis, Corp. (formerly known as APO Health, Inc.) ("PAIVIS" or the "Company") (OTC BB: APOA) today announces corporate development plans, and effective Friday May 19, 2006 Paivis will have a new ticker symbol, (OTC BB: PAIV).
In an effort to prepare the Company for a plan to pursue a listing on NASDAQ or AMEX, the Company has commenced the implementation of an extensive corporate development plan. The Company's new management feels it is important to make quick decisions that will enhance the corporate structure and Paivis' ability to produce growth and earnings. The corporate development plans will include but not be limited to the following:
The re-development of the Company's business plan that, once complete, will showcase a streamlining of the Company's business lines and strategy around prepaid technologies and telecom-based services. Paivis plans for a reduction of debt through numerous efforts, including the recent sale of the APO Health subsidiary. This sale not only reduced significant liabilities from the Company's balance sheet, but will also save the Company exposure to multimillion dollar lawsuits that were pending against that entity.
The Company's new management and board of directors have decided there will be no spin-off of its entertainment interests. Instead the entertainment interests will be restructured or divested in due course, if viable. Paivis also plans to execute a reorganization of the Company's corporate holding structure whereby any dormant or non-performing business units or subsidiaries will be divested or discontinued and dissolved when feasible. The Company plans to additionally focus on securing financing to fund growth and acquisitions.
In addition, new management team executives will be brought in, along with new advisors and board members. Furthermore, the Company will implement a comprehensive corporate governance plan to guide the management and board in reaching its business and operational goals.
Gregory L. Bauer, New President and Chief Executive Officer of Paivis, commented: "We plan to work diligently to achieve a listing on NASDAQ or other securities exchange such as AMEX and our corporate development plans will be a key aspect in achieving that goal. We look forward to activating our plan and believe its successful execution will reap significant benefits over the long term for the Company and its shareholders."
Although the Company's plans include making application for a listing on a national securities exchange in the future, no assurances can be given that any listing application will be approved or that the Company will meet the listing criteria for such applications in the future.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PLSLRA") 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. PAIVIS intends 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 PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in 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.
For more PAIVIS information please contact:
Paivis Shareholder Services
Phone: 800-963-6471
SOURCE: Paivis, Corp.
Copyright 2006 Market Wire, All rights reserved.
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SUBJECT CODE: Financial Services:Investment Services and Trading
Search for Dun & Bradstreet reports on this company.
Thanks in advance. 