SOURCE: Paivis, Corp.

January 16, 2008 12:43 ET

Paivis, Corp. Provides Update on Its Acquisition Activities

ATLANTA, GA--(Marketwire - January 16, 2008) - Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today provides an update to its shareholders regarding its acquisition activities.

The Company is pleased to announce that the due diligence and audit process for its planned acquisition of Detroit Phone Card, Inc. and AAAA Media Services, Inc. is progressing well. The plan to complete the acquisitions within the parameters of the previously announced merger with Trustcash Holdings, Inc. is on track.

Furthermore, the Company is continuing to seek other acquisitions that would add to its business plan and also to the plans of the abovementioned merger, with the goal of delivering growth and potentially increased shareholder value.

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

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