SOURCE: Prevention Insurance Co.

April 02, 2007 10:37 ET

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

LAS VEGAS, NV -- (MARKET WIRE) -- April 2, 2007 -- Prevention Insurance (OTCBB: PVNC) announces that the merger discussions are progressing in response to questions regarding the proposed merger with Shanghai SenYin Development Co. (SSDC), one of the largest private companies in Shanghai, China. In reference to the release dated 3/22/07, Mr. Goldsmith, president and CEO of Prevention, states that he is confident that the merger is on track and expects to receive a definitive agreement for board consideration in the next couple of weeks.

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 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, other than 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