SOURCE: Prevention Insurance

March 22, 2007 10:46 ET

Prevention Insurance Agrees to Merge With an International Pulp and Paper Manufacturer and Distributor

LAS VEGAS, NV -- (MARKET WIRE) -- March 22, 2007 -- Prevention Insurance (OTCBB: PVNC) announces that the merger discussions with their last merger candidate did not produce a Letter of Intent. However, Prevention Insurance has agreed to merge with Shanghai Senyin Development Company (SSDC) which is a manufacturer of pulp and paper products distributed throughout the world. SSDC has revenues in excess of $50 million USD and above average industry profits. Prevention Insurance feels that SSDC is a perfect fit that will provide a solid platform to grow international sales from. Prevention believes that the merger could be consummated in the next 45-60 days providing that all audit and regulatory requirements are met.

About Prevention Insurance:

Prevention Insurance is a public insurance holding company that is in negotiations to merge with opportunities that will help the company expand into the global markets.

Safe Harbor Statement:

Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements regarding potential future plans and objectives of Prevention Insurance are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Prevention Insurance's control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially depending on many factors, including those described above. Prevention Insurance cautions that historical results are not necessarily indicative of the company's future performance.

Contact Information

  • Contact:
    Prevention Insurance
    Scott Goldsmith
    (702) 732-2758
    Email Contact