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Paivis, Corp.: Paivis Announces AAAA Media Acquisition Expected to Progress Towards Closing Rapidly

^{Published on 2008-12-06 14:04:55 - Market Wire}
 

ATLANTA, GA--(Marketwire - December 5, 2008) - Paivis, Corp. (PINKSHEETS: [ PAVC ]) ("PAIVIS" or the "Company") today announced to its shareholders that one of the Company's key acquisition candidates, AAAA Media Services Ltd. (A4), through their management and advisors, are committed to working closely with the Company to accelerate the process towards a closing. Further to that the Company plans on purchasing its planned acquisitions through mostly stock transactions.

The A4 acquisition is made easier since the parities first entered into an agreement in 2007 and the process is now focused on amending that agreement.

Lawrence Sands, CEO, said: "The acquisitions pending for the Company are important for our plans to provide value to our patient shareholders. Considering the economic conditions, all parties involved feel majority stock transactions provide the best ability to achieve a closing in the shortest amount of time."

The Company looks forward to providing further announcements as the transactions develop.

About Paivis, Corp.

Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS' actual results, performance or achievements to differ materially from current expectations.