SOURCE: Prevention Insurance

September 19, 2007 11:34 ET

Prevention Insurance Announces Increase in ATM Sales and That the Merger Is on Track

LAS VEGAS, NV--(Marketwire - September 19, 2007) - Prevention Insurance (OTCBB: PVNC) announces that Quick Pay, Prevention's ATM Sales Division, doubled sales in Q1, 2007 to $41,167. Sales were $20,923 for Q1, 2006. The increase was due the implementation of a new marketing campaign. The ATMs have been popular with a variety of convenience stores and lounges.

Also, Prevention announces that a meeting with Shenyin Developing Company representatives is scheduled for the 26th of September to go over the definitive agreement and the most recent financials. Pending approval from both parties, Prevention will call for a special meeting of the board of directors for consideration. Shenyin Developing Company is a pulp, paper, stationary, and fine furniture manufacturing company in China with revenues in excess of $20 million in the paper division alone. The furniture manufacturing division has a high growth niche, producing fine furniture for yachts. Mr. Scott Goldsmith, CEO of Prevention, commented that "the merger would offer an opportunity for both companies to extend their market reach and improve their access to capital."

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, 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