Post by bg317 on Apr 9, 2008 11:18:06 GMT -5
Trustcash Holdings, Inc. Announces Customer Service Integration With Paivis; Commitment to Merger
NEW YORK, NY, Apr 09, 2008 (MARKET WIRE via COMTEX) -- Trustcash Holdings, Inc. ("TRUSTCASH") (OTCBB: TCHH) today announces it has commenced the integration of its customer services division with that of Paivis, Corp. ("PAIVIS") (PINKSHEETS: PAVC).
This development and level of cooperation is in line with both companies' commitment to complete the planned merger as soon as practicable.
Although Trustcash shares are currently trading below $.10, we believe this pending merger offers significant opportunities for increasing shareholder value, and therefore Trustcash is committed to completing this merger despite the current market conditions.
Trustcash Holdings, Inc. previously announced an agreement to acquire Paivis, common stock in exchange for $.10 per share in cash and one common share Trustcash stock for every share of Paivis common stock.
Recently Trustcash announced its reservation of its right to purchase Paivis common shares in the open market at levels below the proposed $0.10 purchase price of the planned merger. Trustcash still maintains its right to do so because of its commitment to the merger. Trustcash also believes purchasing Paivis common stock in the open market could ultimately reduce the cost of the merger.
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.
Contact:
Trustcash
Investor Relations
Charles Moskowitz
617-633-2259
SOURCE: Trustcash
Let's Get er Done.
NEW YORK, NY, Apr 09, 2008 (MARKET WIRE via COMTEX) -- Trustcash Holdings, Inc. ("TRUSTCASH") (OTCBB: TCHH) today announces it has commenced the integration of its customer services division with that of Paivis, Corp. ("PAIVIS") (PINKSHEETS: PAVC).
This development and level of cooperation is in line with both companies' commitment to complete the planned merger as soon as practicable.
Although Trustcash shares are currently trading below $.10, we believe this pending merger offers significant opportunities for increasing shareholder value, and therefore Trustcash is committed to completing this merger despite the current market conditions.
Trustcash Holdings, Inc. previously announced an agreement to acquire Paivis, common stock in exchange for $.10 per share in cash and one common share Trustcash stock for every share of Paivis common stock.
Recently Trustcash announced its reservation of its right to purchase Paivis common shares in the open market at levels below the proposed $0.10 purchase price of the planned merger. Trustcash still maintains its right to do so because of its commitment to the merger. Trustcash also believes purchasing Paivis common stock in the open market could ultimately reduce the cost of the merger.
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.
Contact:
Trustcash
Investor Relations
Charles Moskowitz
617-633-2259
SOURCE: Trustcash
Let's Get er Done.