SEC Info on Paivis
SEC Info on TrustCash
TrustCash's IHub board
Sec Official Site on Paivis
Corporate Stock Transfer, Inc. T A
3200 Cherry Creek Drive South
Denver, CO 80209
Shari Humpherys, Secretary/Manager of Operations Department
Fax (303) 282-5800
3475 Lenox Road
Atlanta , GA 30326
PAIVIS CORP. (OTCBB:PAVC)
Paivis Corp is a leading provider of prepaid and stored value telecommunications solutions. Founded in 2006, Paivis Corp. was successful in acquiring a major prepaid company established in 1998. Paivis focuses on creating lines of prepaid products and services, including over 10 brands and a distribution network of over 8,000 storefronts with access to more than 230 countries.
From long distance to cash debit cards, Paivis Corp provides the technology platform that facilitates successful delivery of a myriad of prepaid products and services to end-users throughout the world.
Paivis Corp has developed dynamic, innovative products to further its growth. The complete Paivis Corp product suite includes Prepaid Calling Cards, Prepaid Wireless and Stored Value Card.
The Paivis Corp team is dedicated to providing the most economical prepaid solutions with the highest level of support to our customers.
With experienced leadership, an entrepreneurial focus and the power of Paivis Corp's global network, the Paivis Corp family of products is positioned to carry the company strongly into the future.
Edwin Kwong - Interim President, CEO & CFO
Mr. Kwong has over five years of experience as a public company CFO, and over ten years of experience as a management consultant to small growing Companies, both public and private. He has worked as a consultant for Hopewell Holdings, Manulife Financial, Ernst & Young in Asia, and with Intria Items Inc., a financial technology company. Mr. Kwong previously served as a consultant to Paivis, Corp. and various subsidiaries. His experience and background in finance and project management has helped his clients navigate through difficult growth phases. Mr. Kwong has a Bachelor of Commerce from the University of British Columbia, and a Graduate Diploma in Asian Management from Capilano College.
Trustcash Holdings, Inc. (TCHH-OTCBB) was founded in 2003 developing a technology platform focused on selling stored value cards that can be used by consumers to make secure and anonymous purchases on the Internet without disclosing their credit card or personal information. In 2004 and 2005, THCC established a distribution system for its cards primarily through retail outlets, and began initiating activities to contract websites for the use of its cards. In 2006, the Company began to integrate its technology with numerous websites, initially in adult entertainment industries. It also upgraded its technology platform to allow the purchase of 'virtual' cards through its own website www.trustcash.com or any of its content partner websites.
The Company has since established itself as the leader in this new payment processing concept by establishing relationships with over 1000 web site partners, as well as thousands of retail outlets. Its proprietary technology and processing system can support a high volume of transactions while insuring that privacy and security to the consumer is maintained. Its appeal is expanding beyond the adult industry to a growing market of mainstream internet consumers concerned about privacy and security.
Stored value cards are one of the most dynamic and fastest growing products in the financial industry. More than 20 million users in 2006 are expected to double to 49 million users by 2008, creating over $72 billion in transactions. Experts put this industry in the introductory or early growth stage of the life cycle. (Federal Reserve Bank of New York, 2006).
When a consumer purchases a Trustcash card, they receive a unique 12 digit anonymous access code and are able to use it as a payment option (just like a credit card). Purchases are deducted from the remaining card balance, which can be used for as long as card value remains. Trustcash reimburses the web site partner for the purchases made with the card, less a processing fee.
Trustcash LLC became Trustcash Holdings, Inc. in April, 2007 as the result of a merger, and is expanding its Trustcash brand and payment concept to a range of new markets and distribution systems.
Trustcash Holdings, Inc. and Paivis, Corp. Announce Commencement of Plans to Integrate Systems and Joint Venture on Certain Business Projects as Preparation for Merger Combination
Tuesday February 19, 10:04 am ET
News Regarding the Merger Between Paivis and TrustCash
Paivis to Immediately Implement Plan to Push Trustcash to Close Merger Before Mid August
Monday June 30, 10:54 am ET
Trustcash Holdings, Inc. Shareholder Update
Thursday June 26, 8:15 am ET
Paivis Corp. to Seek Range of $0.04 to $0.05 per Common Share for a Dutch Auction With Trustcash
Thursday June 26, 9:30 am ET
Trustcash Holdings, Inc. and Paivis, Corp. Announce It Has Received the Final Installment of Merger Costs Financing From Mistral Ventures, Inc.
Tuesday June 3, 8:15 am ET
Paivis, Corp. Announces It Has Completed the Final Part of Its Review of Trustcash
Thursday May 29, 10:38 am ET
Trustcash Holdings, Inc. and Paivis, Corp. Provide Update on Merger Financing
Thursday May 29, 1:01 pm ET
Paivis, Corp. Announces It Has Completed the Second Part of Its Final Review of Trustcash
Monday May 19, 8:15 am ET
Paivis Corp. Announces Completion of Important Merger Agreement Deliverable
Thursday May 15, 8:15 am ET
Paivis, Corp. Provides Shareholders Additional Information on Its Merger Agreement Deliverables
Marketwire(Wed April 30 8:15am)
Paivis, Corp. Announces It Expects to Complete Certain Key Merger Agreement Deliverables by May 15, 2008
Apr 28, 2008 13:51 ET
Paivis, Corp. Announces It Is Expediting Closing of Merger With Trustcash in the Month of May
Trustcash Holdings, Inc. Announces Moving of Offices to Atlanta, GA
Marketwire(Mon, Apr 21)
Trustcash Holdings, Inc. Shareholder Update
Marketwire(Fri, Apr 18)
Trustcash Holdings, Inc. Confirms It Has Purchased Paivis, Corp. Common Shares in the Open Market
Marketwire(Thu, Apr 10)
Trustcash Holdings, Inc. Announces Customer Service Integration With Paivis; Commitment to Merger
Marketwire(Wed, Apr 9)
Trustcash Holdings, Inc. Releases the Fourth and Final Segment of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
Marketwire(Tue, Apr 8)
Trustcash Holdings, Inc. Provides Update to Shareholders
Marketwire(Fri, Apr 4)
Trustcash Holdings, Inc. Releases the Third Segment of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
Marketwire(Fri, Mar 14)
Trustcash Holdings, Inc. Reserves Right to Purchase Paivis Common Shares in the Open Market
Marketwire(Thu, Mar 13)
Trustcash Holdings, Inc. Releases Part Two of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
Trustcash Holdings, Inc. Releases Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
Marketwire (Tue, Mar 11)
PLEASE READ THE 8k/A BEFORE INVESTING!!!!
Item 1.01 Entry into a Material Definitive Agreement.
On December 27, 2007 the Registrant filed on Form 8-K reporting that on December 20, 2007 Paivis, Corp a, Nevada corporation (“Paivis”) entered into an Agreement and Plan of Merger (the “Initial Merger Agreement”) with TCHH Acquisition Corp, Inc., a Nevada corporation and wholly-owned subsidiary of Trustcash Holdings, Inc. (“TCHH Acquisition”), and Trustcash Holdings, Inc., a Delaware corporation (“Trustcash”).
This Form 8-K/A reports that on February 5, 2008, Paivis, TCHH Acquisition and Trustcash amended the Initial Merger Agreement referred to above and entered into an Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”). The Merger Agreement provides that upon the terms and subject to the conditions set forth in the Merger Agreement, TCHH Acqusition will merge with and into Paivis, with Paivis being the surviving corporation and a wholly-owned subsidiary of the Company (the “Merger”).
At the Effective Time (as defined below) of the Merger, pursuant to the terms of Paivis’ certificate of incorporation and the Merger Agreement, 100% of Paivis’ issued and outstanding common stock immediately prior to the Effective Time shall be exchanged for cash and stock as per the following:
Each issued and outstanding common share of Paivis shall be converted into the right to receive $0.10 payable to the holder thereof in cash without interest, plus one share of common stock of Trustcash.
The parties to the Merger Agreement have agreed to use their best efforts to consummate the transactions by March 31, 2008, or as soon thereafter as practicable (the "effective time").
The Merger Agreement contains certain conditions precedent to consummation of the Merger and other customary provisions, including but not limited to the audits of Paivis and its acquisitions being completed, financing being secured by Trustcash, respective shareholder approvals, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents.
A copy of the Merger Agreement is filed as Exhibit 10 to this current report and is incorporated by reference herein. The foregoing summary of the Merger Agreement is qualified by the Merger Agreement in its entirety. Exhibit 99 is a press release issued by Paivis on February 5, 2008 regarding the parties’ execution of the Merger Agreement and attached as Exhibit 10 is the Merger Agreement.
INSTRUCTIONS FOR UN-RESTRICTING YOUR MERGER SHARES:
Definition Rule 144
Securities Market Regulation SEC phone # 202-551-5777
State of Incorporation: Nevada
PAVC Share Structure
A/S = 250,000,000.00
Par Share Value: $ 0.0002
Capital Amount: $ 50,000.00
O/S = Est. 93M per latest 8K filed on Dec. 27th, 2007
PAIV CUSIP numbers
UNRESTRICTED CUSIP # is 695793109
RESTRICTED CUSIP # is 695793992
APOA RESTRICTED CUSIP # is 00203J996