SOURCE: Paivis, Corp.

November 16, 2007 15:29 ET

Paivis, Corp. Announces Valuation Process Expected to Be Complete Next Week

ATLANTA, GA--(Marketwire - November 16, 2007) - Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today announces that its price valuation process for its merger with Trustcash Holdings, Inc. ("Trustcash") is expected to be completed within the next week.

The price valuation will be presented to the Company as a range. Management intends to negotiate with Trustcash for the closing of the transaction at the higher end of the price valuation range, due to the significant intangible benefits and business opportunities Paivis would bring to the prospective merged business.

Furthermore, the Company will negotiate to maintain $1.30 as the floor price irrespective of the price valuation range.

Edwin Kwong, Interim CEO of Pavis, Corp., said, "The Company will be steadfast in its negotiations with Trustcash in order to seek the best possible price for its shareholders."

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.

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. 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

  • Contact:
    Paivis, Corp.
    Edwin Kwong
    Interim Chief Executive Officer
    Phone: 404-601-2885
    www.paivis.com