SOURCE: Prevention Insurance

January 17, 2007 12:16 ET

Prevention Insurance Enters Merger Discussions With MeshCity

LAS VEGAS, NV -- (MARKET WIRE) -- January 17, 2007 -- Prevention Insurance (OTCBB: PVNC) has entered into discussions with MeshCity, a manufacturer of hardware and software that supports broadband, VoIP, and security solutions and allows high-speed WIFI and GPS to communicate with each other all in one reliable network. MeshCity has been perfecting products for 6 years in a 7-year-old technology for use by Governments, Cities, and the Military that allows first emergency responders to communicate with each other and to avoid the problems experienced on 9/11. The Government has identified 75 cities that it wants to upgrade the communication capabilities of and has allocated $2.9 billion to improving communication capability of wireless for emergency agencies in the event of a catastrophe. MeshCity is well positioned to capitalize on both domestic and international demand for this kind of technology. Provided that the LOI is received and signed by both parties the merger would take place in the next 60 to 90 days.

About Prevention Insurance:

Prevention Insurance is a public insurance holding company that is in negotiations to merge with opportunities involving technology.

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