Mvive, Inc.

Mvive, Inc.

April 22, 2008 10:23 ET

Mvive President Resigns

LAS VEGAS, NEVADA--(Marketwire - April 22, 2008) - Mvive, Inc. (PINK SHEETS:MVIV)(FRANKFURT:4M1)(WKN:A0M5WL) announces that its President, Mr. Roy Choi, has resigned as President and Director of Mvive, Inc. due to the Company's inability to raise sufficient operating funds as a result of previous events outlined in a press release dated April 1, 2008.

Mr. Roy Choi stated, "I am extremely distressed by the recent events that resulted in a suspension of Mvive's trading particularly because they have nothing to do with Mvive's management, employees and to the best of my knowledge, its shareholders. I would like to thank everyone who believed in the Company and particularly my employees who have devoted countless hours of their time without appropriate compensation. I am resigning to pursue other endeavors and will be returning my shares of Mvive to the Company's transfer agent for cancellation. My sincere hope is that the Company can reinvent itself in the near future under someone else's direction in order to return shareholder value. In the meantime, please contact Mvive's legal counsel, Mr. John Karlsson, for further clarification and updates."

We seek Safe Harbor.

Contact Information

  • Karlsson Law Corporation
    Mr. John Karlsson
    (604) 762-8283