SOURCE: Paivis, Corp.

April 24, 2008 08:15 ET

Paivis, Corp. Announces It Is Expediting Closing of Merger With Trustcash in the Month of May

ATLANTA, GA--(Marketwire - April 24, 2008) - PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC) today announced it is expediting the final phase of its deliverables under the merger agreement to effect a closing of the merger with TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) within the month of May, 2008.

Edwin Kwong, the Interim Chief Executive Officer of PAIVIS, commented, "Our efforts are to close this merger before the end of May so our shareholder can receive the $0.10/share and one share of Trustcash common stock as offered by Trustcash in the previously announced merger agreement."

All details of merger agreement filed with the SEC in form 8k on February 12, 2008.

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™" 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.

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 http://www.sec.gov.

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