SOURCE: Paivis, Corp.

June 05, 2007 09:52 ET

Paivis, Corp. Announces Plans to Launch New Prepaid Product Line

New Products Are Expected to Add $6,000,000 in Annual Revenue

ATLANTA, GA--(Marketwire - June 5, 2007) - Paivis, Corp. (OTCBB: PAVC) ("PAIVIS" or the "Company") announced today they have completed key milestones in their plan to launch a new product line consisting of "live" prepaid long distance calling cards. The new card products are expected to add a minimum of $6,000,000 in revenue annually.

A national distribution network has been identified that will enable Paivis to sell its new products in an additional 2,000 locations. This move is designed to further strengthen Paivis' position in the prepaid long distance calling card market.

The Company is planning for a September launch.

Greg Bauer, CEO of Paivis, Corp., commented: "We are excited to be able to have large live card program as part of our product offering. Our development plans have been active for quite some time and planning for a launch is our next step. We look forward to the growth these products will provide the Company."

About Paivis, Corporation

Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards, these calling cards are currently in approximately 5000 retail outlets in the U.S. Current retail distribution reaches over 5,000 locations, generating approximately $7 million in annual revenue. Paivis is poised to increase this distribution each month.

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 and marketed through important distribution agreements. Paivis focus on marketing its phone cards to many ethnic communities that generate high levels of international traffic. The cards provide access to more than 230 countries.

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 http://www.sec.gov.

Contact Information

  • Contacts:
    Paivis, Corp.
    Greg Bauer
    Chief Executive Officer
    Phone: 404-601-2885
    www.paivis.com