SOURCE: Prevention Insurance

August 05, 2005 11:00 ET

Prevention Insurance Ceases Merger Negotiations With BVI Holding Company

LAS VEGAS, NV -- (MARKET WIRE) -- August 5, 2005 -- Prevention Insurance (OTC BB: PVNC) has ceased negotiations with a major shareholder of BVI Holding Company. BVI Holding could not provide the required financial information to Prevention Insurance within the 6 month timeframe specified. Therefore, Prevention Insurance has elected to pursue other merger opportunities.

Therefore, Prevention Insurance has elected to pursue other merger opportunities.

About Prevention Insurance:

Prevention Insurance is a public insurance holding company whose focus is to merge with national or international marketing companies that sell insurance products through independent insurance agencies via established nationwide wholesale brokers within the United States. Prevention is currently in discussions with a number of these particular insurance brokerage firms to merge into and become part of the Prevention Group.

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