SOURCE: Paivis, Corp.

November 12, 2008 07:00 ET

Paivis, Corp. Announces It Is Finalizing Restructed Transaction With AAAA Media Services Ltd.

ATLANTA, GA--(Marketwire - November 12, 2008) - Paivis, Corp. ("PAIVIS") (PINKSHEETS: PAVC) is pleased to announce that it is finalizing a restructured transaction with AAAA Media Services, Ltd., ("A4") which management feels will be beneficial for Paivis shareholders.

AAAA Media Services, Ltd., is a Georgia-based company, that generates approximately $30,000,000 (unaudited) in revenue.

A4 is one of the leading distributors of T-Mobile, AT&T and Boost Mobile prepaid wireless products. A4 distributes these products amongst others through master dealer agreements to over 7,000 locations in the continental United States.

Previously in the fall of 2007, Paivis executed an acquisition agreement to acquire A4. The terms of the transaction are currently being restructured and are expected to be finalized shortly.

Lawrence Sands, CEO of Paivis, stated: "We are excited to be able to bring value to our shareholders upon the completion of a restructured transaction with A4. We expect our shareholders will be pleased with the results."

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.

Contact Information