Mvive, Inc.

Mvive, Inc.

November 12, 2007 12:51 ET

Mvive Cancels Significant Share Block Increasing Shareholder Value

LAS VEGAS, NEVADA--(Marketwire - Nov. 12, 2007) - Mvive, Inc. (PINK SHEETS:MVIV), is pleased to announce the cancellation of 21.8 million shares of the company's common stock. This block of common stock was held by Mvive's previous President, Mr. Bradley Hall, and associates and the cancellation was part of his agreement with the Company when he stepped down as both President and Director in early June, 2007. Mvive, Inc. now has approximately 35 million shares outstanding on a fully diluted basis.

Mr. Roy Choi, President of Mvive, stated, "I am very pleased to complete this share cancellation in conjunction with the recent acquisition of MVive Media Group Inc. in order to focus on building Mvive into a significant player in the mobile messaging marketplace."

About Mvive

Mvive is a leading-edge, mobile marketing service and technology provider quoted on the Pink Sheets under the symbol MVIV. The Company's objectives are to convert their proprietary mobile marketing technology onto a fully commercial system in order to accommodate the anticipated growth and demand from a wide-open global marketplace. For more information, please visit the Company's web site at:

Cautionary Statement about Forward-Looking Statements

This press release contains "forward-looking statements", which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "seeks" or "will". Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

Contact Information

  • Mvive, Inc.
    Mr. Roy Choi
    (416) 512-3779 or Toll Free: 1-866-90-MVIVE
    Champagne Financial Corporation
    Investor Relations
    (416) 366-3661 or Toll Free: 1-877-366-3661