SOURCE: Paivis, Corp.

January 19, 2007 16:02 ET

Paivis, Corp. Provides Update on Corporate Activities

ATLANTA, GA -- (MARKET WIRE) -- January 19, 2007 -- Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today provides updates on certain corporate activities and developments.

The Company continues to process the change over of its stock-transfer agents and the delivery of all stock-transfer books and records from its previous stock-transfer agent to the successor transfer agent. Management has assigned top priority to this effort and expects to have the change over completed within 30 days. Once our new stock-transfer agent obtains all necessary stock-transfer records, management anticipates that the delays and confusion that our shareholders have experienced since our merger with Jupiter Global Holdings Corp. will be alleviated.

The filing of the Company's 10-KSB filing for the fiscal period ending September 30, 2006 has been delayed. The Company's reporting staff requires additional time to complete the 10-KSB filing and management anticipates that the delayed filing will be made as soon as possible.

CAUTIONARY STATEMENT REGARDING 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

  • For more PAIVIS information please contact:
    Paivis Shareholder Services
    Phone: 800-963-6471