SOURCE: Paivis Corp.

July 09, 2007 12:13 ET

Paivis Corp. Shareholder Update

ATLANTA, GA--(Marketwire - July 9, 2007) - Paivis Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) confirms that many of our shareholders have advised us that certain online brokerage firms are not allowing shareholders to buy the Company's common shares ("Shares") in the open market. Particularly, we have been made aware of a letter from TD Ameritrade stating this to some of our shareholders. The Company has contacted several online brokerage firms, including TD Ameritrade, and we have still not yet received a reasonable explanation as to why these online brokerage firms are denying their customers the opportunity to place purchase orders for the Company's shares. We understand that this policy by certain online brokerage firms is not interfering with our shareholders' rights to place sell orders for our Shares. We will continue to monitor this situation and take whatever reasonable steps we can to encourage firms with this policy to permit buying as well as selling of our Shares.

Recommendations/Requests: In light of the above, and for the best interests of our shareholders, as well as maintaining an orderly market in our Shares, we recommend that our shareholders consider the following actions if you are affected by any online brokerage firms' policies with respect to our Shares.

--  There are many other brokerage firms that will execute your purchase
    orders and we suggest that you open new accounts with the firm of your
--  Order out your Shares in certificate form by making such a request to
    your broker.
Greg Bauer, CEO Paivis Corp., comments: "We appreciate the comments received from our shareholders and we are continuing our efforts to ensure that your Shares are traded in an orderly fashion. In fact, ordering out your Shares in certificate form may also prevent your Shares from being borrowed for the purposes of short selling, which is another serious issue the Company is being vigilant about due to our feelings that there may be imbalances in our share structure which is possibly a result of the abnormal trading history in our Shares since over a year ago."

About Paivis Corporation

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, including Duane Reade, 7 Eleven, and Chevron.


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

Contact Information

  • Contacts:

    Paivis Corp.
    Greg Bauer
    Chief Executive Officer
    Phone: 404-601-2885