SOURCE: Paivis, Corp.

November 21, 2008 09:23 ET

Paivis, Corp. Announces Dividend Plan to Pay Shareholders Approximately $.003 Per Special Dividend Share

Program Annualized at Approximately $0.012/Special Dividend Share

ATLANTA, GA--(Marketwire - November 21, 2008) - Paivis, Corp. ("Paivis" or the "Company") (PINKSHEETS: PAVC) is pleased to announce that the Special Dividend declared yesterday is planned to pay approximately $.003 per Special Dividend Share to all shareholders of record on Friday, December 5, 2008. The dividend program on an annualized basis is planned to pay approximately $0.012 per Special Dividend Share, based on quarterly declarations of the Special Dividend.

The Company anticipates it will execute a pay date for the Special Dividend in January 2009. It also plans to continue to pay this dividend on a quarterly basis based on net income. The Company estimates that as of yesterday's close of $.0008, the annualized yield would be approximately 150%.

Mr. Sands, CEO of Paivis, commented: "We are pleased to show our shareholders we are committed to building value for them during these difficult financial times. We also anticipate as we continue to grow our Company and its profits, this quarterly dividend would increase accordingly."

The amount of cash payments per Special Dividend Share in this press release are based on plans and net income estimates that the Company has for its dividend program and the Company believes it can execute successfully on these plans. Certain details of the Special Dividend can be found in the Company's press release of yesterday and further details of the Special Dividend will be provided as they are finalized.

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. 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.

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