SOURCE: NVS Entertainment, Inc.

April 12, 2006 09:30 ET

NVS Entertainment, Inc. Retains Imowitz Koenig & Co., LLP as Auditor

NEW YORK, NY -- (MARKET WIRE) -- April 12, 2006 -- NVS Entertainment, Inc. (OTC: NVSX) announced today that it has retained Imowitz Koenig & Co., LLP as the auditing firm for it and its wholly owned subsidiary, Pure Vanilla Exchange, Inc. ("pV"). Imowitz Koenig & Co., LLP will begin working with pV immediately.

Florian Schuhbauer, acting CEO of Pure Vanilla stated, "Pure Vanilla recently completed a reverse merger with NVS Entertainment, Inc. and, as a result, raised its visibility among the investment community. Working on financial reporting, disclosure and corporate governance issues should greatly add to our investment profile as we move forward with our marketing efforts."

pV, through its online system and in-store sales of pV cards, will be the first ubiquitous and anonymous payment solution to facilitate the purchase of Adult content online in a safe and secure manner. In addition to its online system, consumers are expected to be able to purchase pV cards at thousands of locations nationwide by June 2006.

NVS Entertainment intends to merge Pure Vanilla into itself and to change its name to Pure Vanilla Exchange, Inc. Until that time it will continue to operate Pure Vanilla Exchange, Inc. as a wholly owned subsidiary of NVS.

About Pure Vanilla Exchange, Inc.

pV through its online system (soon to be available online at www.purevanilla.com) and in-store sales of pV cards, will be the first ubiquitous and anonymous payment solution to facilitate the purchase of Adult content online.

In addition to its online product, starting in June 2006, consumers are expected to be able to purchase pV cards at thousands of locations nationwide with worldwide availability planned for the future.

pV's proprietary payment network is anonymous, time-efficient, and prepaid. pV answers the needs of online merchants because its system accelerates cash flow, eliminates chargebacks, reduces processing fees and increases merchant exposure through the pV listing.

pV is expected to leverage its technology to sign-up thousands of consumer online accounts and merchants daily. As the only end-to-end Adult industry adopted payment system, pV is expected to lead and dominate the payment processing for a significant and growing global industry.

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, certain statements contained in this press release regarding Pure Vanilla, NVS an/or their respective management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. These forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties, including the financial performance of NVS and Pure Vanilla. Although NVS believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors that could cause results and conditions to differ materially from those projected in these forward-looking statements. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and NVS does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • For More Information, contact:
    Felicia Adams
    Pure Vanilla Exchange, Inc.
    (212) 991-1047 x113
    Email: ir@purevanilla.com