SOURCE: Paivis, Corp.

November 20, 2008 13:00 ET

Paivis, Corp. Declares Special Dividend Issuing New Preferred With Cash Payment Rights

For Shareholders of Record on Friday December 5, 2008 at a Ratio of 10 Common Shares for 1 Special Dividend

ATLANTA, GA--(Marketwire - November 20, 2008) - Paivis, Corp. ("PAIVIS" or the "Company") (PINKSHEETS: PAVC) today declares the payment of a special stock dividend that will entitle the holder to the right to receive a future cash dividend payment ("Special Dividend").

Shareholders of record as of close of business December 5, 2008 will receive this Special Dividend on a basis of one (1) share of the Special Dividend for every ten (10) shares of common stock held.

This Special Dividend is further defined as a Preferred Share that will include but not limited to the following:

--  Each Share of the Special Dividend will entitle the holder the right
    to receive a cash dividend payment from a cash pool allocated by the
    Company from operational profits.
--  The Company expects enough profitability to enable this Special
    Dividend to make its cash payment within the fiscal year.
--  The Preferred Stock will have certain rights and preferences that will
    be finalized by the pay date but will be focused on the entitlement of a
    cash payment from profits.
--  The Preferred Stock will automatically be cancelled and returned to
    treasury upon exchange for the cash payment.
    

The dividend pay date will be set as soon as practicable. Further details of the Special Dividend will be forthcoming.

The Company is committed to executing this strategy for its shareholders and it feels that its new plans for growth and profitability will make this dividend program a success.

Mr. Sands, CEO of Paivis, stated: "The Company has mandated its plan to focus on growth, profitability and shareholder value. I believe there is no better shareholder value initiative than providing shareholders with the opportunity to receive a cash dividend payment."

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. 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.

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