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Whats going on with TCHH?
I see you made a bundle on it.
Have a chance to get back over $1 with PAVC merger?
Hey , hope all is well.
Can you tell me what has happened to this stock?
I see you were in when it was $1.40 just this past October.
Does it have a chance to get back up to that level if the PAVC merger goes through this month?
WNBD
Gorgeous Chart
Looks like move is coming
IMO
Wow, just checked in before I went to bed to see how the old MNTY board was doing.
Gave me some real amusement to read the last few minutes.
Quite an evening.
Webdesigners sure do get the brunt of the attacks :)
People, we are allllllllllll frustrated by the delays and dilution, but please keep it civil.
The constant attacks on XI are ridiculous.
He has not provided any "insider info." He has never said expect the site to be up tomorrow, or I heard the market 99 store is opening this week.
Expect a PR, etc.
Now he has a little sarcasm (which I like), but it is for the cheapshots people are making at him.
Instead of being appreciative, supportive, and asking questions related to the site, you are attacking him.
I have said from day 1 that the communication of the BOD should be better, utilize the BLOG and CC, but it is completely obviously they are not going to do that, until they have an announcement of store or e-commerce going live.
Now, you can come here day after day and spam the same thing, or you can chilllllllllll sit back, and let this all play out.
You can buy, sell, or hold. 3 choices.
Getting angry and repeating things over and over is not going to make good news or bad news for that matter, happen any faster.
Simple. Stores open, we build from here. They will have money coming in, which means less (not no) dilution. As stores open, PPS goes up.
When you are frustrated, just look at some green stocks or PM godfather and cuss him out. Just kidding :)
Good night
Thanks so much.
I am looking forward to the rewards in the months to come.
Feel freee to PM me anytime, I know people are a little ridiculous on this public board.
I am the king of patience :)
Thanks man. Jason just send those to you?
Looks like hardwoods are going in.
Are those some of the products in the window?
Looks like maybe a May opening to me.
Thanks!
RVGD News
RVGD in in bed with PENSKE! One of the biggest automotive company out there.
PR and look at 4th picture from photos they released today
PENSKE HONDA
Revenge Designs, Inc. Provides an Inside Look Into Production
Market Wire - April 08, 2008 3:00 PM ET
Related Quotes
Symbol Last Chg
RVGD Trade 0.00 -0.0002
Quotes delayed at least 15 minutes
Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a view into the current production currently taking place at the new facility.
Photos of start-up production are available at http://www.numarketsolutions.com/RVGD.html.
Peter Collorafi, Revenge Designs President and CEO, stated, "Our shop is currently bursting at the seams with projects for both private clients and promotional vehicles to be used in promoting our business. We have been given design plans for our new expanded facility and will begin construction soon to support our production of the new American GTM Super Car."
The company will also shortly be releasing promotional photos of its Penske Personalized Honda Ridgeline, the Revenge Designs Pontiac GTO, equipped with the all new Harrop Engineering Supercharger and High Performance Brake System and the Pontiac Solstice Sports Wagon.
About Revenge Designs, Inc.
http://www.revengedesignsllc.com
RVGD News
Revenge Designs, Inc. Provides an Inside Look Into Production
Market Wire - April 08, 2008 3:00 PM ET
Related Quotes
Symbol Last Chg
RVGD Trade 0.00 -0.0002
Quotes delayed at least 15 minutes
Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a view into the current production currently taking place at the new facility.
Photos of start-up production are available at http://www.numarketsolutions.com/RVGD.html.
Peter Collorafi, Revenge Designs President and CEO, stated, "Our shop is currently bursting at the seams with projects for both private clients and promotional vehicles to be used in promoting our business. We have been given design plans for our new expanded facility and will begin construction soon to support our production of the new American GTM Super Car."
The company will also shortly be releasing promotional photos of its Penske Personalized Honda Ridgeline, the Revenge Designs Pontiac GTO, equipped with the all new Harrop Engineering Supercharger and High Performance Brake System and the Pontiac Solstice Sports Wagon.
About Revenge Designs, Inc.
http://www.revengedesignsllc.com
I got an idea that will take this through the roof
Market99 has researched the current economic situation in the country today.
We have changed our focus from selling items in Market99 and will now only sell .99 gas
1st store to open next Monday
Think we might get to .05 :)
SLOOOOOOOOOOW day
Hope everyone is doing well (except gf) :)
HWBI
EBFD
Both at or near bottoms
HWBI more news expected, paid off debt, and share restructuring (for the better)
EBFD
Healthcare play. Check out 1 year chart.
Low floater
Rumor of possible Merger or Acquisition and in quiet period
When ask is hit, jumps bigtime
GLTA
I agree.
Some of us have been here for months.
Understand a quiet period, but I also think they should say, we are in negotiations about an aquisition or merger, and will not be able to say anything until the conclusion of the negotiations.
Know it isn't the big boards, but when there is "talk" of a merger it is usually "out there."
Long and strong here, but I think managements owes it to us to give us something.
Last PR was December.
Looks like they got some hot rides there, and sales keep going up
Good sign
Word just has to get out
No been here for a while
Think this is the closest we have gotten
I would be shocked if it didn't
If the companies are already synergizing (if that is a word, i.e. working together), then it seems like they are preparing for definitely going through.
I think there are some things to be worked out with the actual stock that we are not privy too.
I also think they are waiting for PAVC to close on the aquisitions they made. Very important to the entire business plan.
I just hope it all comes together this month and off and running for the spring and summer.
Yeah, once I get some powder I am definitely going to be adding
I think it has something about the 25,000,000 shares being added to the float.
Once that is done, and major contract is accounced, it definitely should be back to .01-.02
anyone think this is heading for triple 000?
TCHH and PAVC
Trustcash Holdings, Inc. Releases the Fourth and Final Segment of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
Market Wire - April 08, 2008 8:15 AM ET
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PAVC Trade 0.02 0.00
TCHH Trade 0.03 0.00
Quotes delayed at least 15 minutes
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today released the fourth and final segment of a letter from its Chairman, Dennis Shafer, to its shareholders and the shareholders of PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
Dear Trustcash and Paivis Shareholders:
We previously reviewed the prospective merger of Trustcash Holdings, Inc. and Paivis, their respective businesses, and the growth opportunities available as a result of consolidating power within the emerging markets of debit cards and phone payment cards for a rapidly growing cash-based economy.
Summary Facts of the Merger:
-- $100 billion plus e-Commerce market
-- $171 billion closed-loop stored value card market
-- $6 billion phone card market (according to an Atlantic-ACM report)
-- Common cash-based market of 100 million consumers
-- $73 million combined revenue
-- 100,000 users
-- Potential of over 70,000 retail outlets
-- Common transaction processing and administrative functions
-- Consolidated powerhouse in a fragmented market
-- Integrating four of the leading growth industries: stored value cards,
wireless services, Internet and e-Commerce, and cash-based payment
transactions
In my opinion the summary facts above, which I previously discussed in detail, clearly shows the value potential ahead of us. We believe it also shows that based on the future post merger opportunity that both companies in terms of common share price are currently undervalued.
As we move forward to merger and make these summary facts part of our operational foundation we feel we are building the prepaid company of the future.
Our final discussion relates to the operating and management synergies resulting from this merger. Paivis, its pending acquisition partners and Trustcash all have similar payment processing functions and similar distribution methods. Combining functions such as sales and marketing, Information Systems (IS), and administrative processes may result not only in immediate savings and profit enhancement, but more importantly a strategic advantage over smaller competitors.
We plan to consolidate our IS functions and add state of the art systems in order to provide the scale necessary to support rapid and large volume growth, in addition to superior customer service and payment processing flexibility. Our sales and distribution activities will be consolidated to increase relationships with current retailers as well as to rapidly grow our distribution in all geographic and consumer market segments. And we plan to accelerate our combined marketing activities to reach a much greater segment of the cash based economy, using techniques such as ethnic group targeting, geographic targeting, multi language marketing materials, and key influencer public figures in marketing campaigns.
Finally, consolidating and enhancing our management team forms a team with the characteristics required to lead a company from merger to integration to growth and ultimately to profit.
We know our businesses and our market opportunities, and are ready to add significant value to investors and shareholders as we consolidate our individual strengths to build the prepaid company of tomorrow.
Sincerely,
Dennis Shafer
Chairman
Trustcash Holdings, Inc.
I thought you sold out?
how come?
Great afternoon everyone. Some nice buys throughout.
Another day closer to a store opening and e-commerce being launched.
Congrats to those that added and good luck to those that sold this week.
Have a WONDERFUL weekend!
RVGD NEWS
Revenge Designs, Inc. to Unveil Its Custom Designed Vehicles to Investors
Market Wire - April 04, 2008 3:30 PM ET
Related Quotes
Symbol Last Chg
RVGD Trade 0.00 +0.0002
Quotes delayed at least 15 minutes
Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a corporate update to its shareholders.
The company would like to announce that Tuesday, April 8th, 2008 at 3:00 PM EDT, the company will provide photos of its first three custom designed vehicles built in our new Revenge Design plant, weather permitting.
Photos will include the Penske Personalized Honda Ridgeline; the Revenge Designs Pontiac GTO, equipped with the all-new Harrop Engineering Supercharger and High Performance Brake System; and the Pontiac Solstice Sports Wagon.
The company has also commenced assembly of its all new American GTM Super Cars and will provide photographs of the work in progress.
Peter Collorafi, Revenge Designs President and CEO, stated, "More details on these vehicles will follow, and I will be issuing a letter to shareholders shortly about what has been done to build shareholder value."
About Revenge Designs, Inc.
http://www.revengedesignsllc.com
Revenge Designs, a specialty car designer and production assembler, is headquartered in a facility in N.E. Indiana. Mr. Peter Collorafi is a car designer from Queensland, Australia. Mr. Collorafi has been designing and installing custom modifications for factory produced vehicles since 1980.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
I think word just has to get out
expect more pr's
plus it is a friday
MNTY
Has been at the bottom for a few weeks now.
Expected opening of E-commerce site to launch very soon (Possibly as soon as next week).
Will be advertising on google, facebook, myspace, and others.
2nd Market99 store to open soon. Construction estimated to be completed approximately by April 15th (from an actual stockholder that visited store and spoke with contractor)
Other stores in the works and franchising option being explored
If you have some extra coin, might be worth a look IMO.
HWBI
Hot Web, Inc. Announces Completion of Significant Share Reacquisition
Market Wire - April 02, 2008 6:00 AM ET
Related Quotes
Symbol Last Chg
HWBI Trade 0.00 0.00
Quotes delayed at least 15 minutes
Hot Web, Inc. (PINKSHEETS: HWBI) announced today that, in conjunction with the Company's recently completed and announced capital restructuring, the Board of Directors reached agreement with five of its larger shareholders in mid-January 2008 to reacquire 12,500,000 shares of the company's freely tradable common stock. This action reduced the Company's total outstanding shares by approximately 2.5% to 454,887,086 shares and reduced the estimated outstanding float -- or shares in the DTC system -- by approximately 6.1%, to 191,592,711. All of these reacquired shares have already been returned to the stock transfer agent for retirement.
George Stevens, Chairman of Hot Web, Inc., commented, "I thought it was important to highlight concurrent share reduction initiatives that were instituted alongside our milestone capital restructuring announced last week. By returning over 12 million shares of stock to our Treasury, Hot Web shareholders realized increased intrinsic value for those shares held in the public marketplace. This major change in our capital structure, in conjunction with several significant pending announcements, represents genuine progress in our efforts to finally begin rewarding our loyal and patient investor base."
About Hot Web, Inc.
Hot Web, Inc. is engaged in the business of consigning "big ticket" transportation related items through its diversified presences, both online and offline. The Company's mission is to "change the way the world buys and/or bids online" by harnessing the power of the Internet and coupling it with human interaction and expertise to create a safe, productive, comfortable and 'Fraud Free' way to conduct online/offline commerce. The company utilizes both its internal certified regional representative base in addition to online third-party marketing tools like eBay Motors and others to attract and market vehicle listings.
The Company's current portfolio of niche-focused online businesses consists of www.hotautoweb.com, www.hotboatweb.com, www.hotcycleweb.com, www.hotrvweb.com and www.hotplaneweb.com. The company is also currently developing other Hot Web branded online business units to complement its current roster.
what kind of announcement/pr do you think the investment community is looking for to really get this moving?
I am shocked at the low volume with such great news.
I agree
EBFD Up 63% with buys coming in
Cool, thanks for your efforts
This is when you know it has been a boring few weeks LOL
I don't think you can get too much accuracy, because people lie and this is just the IHUB board. I am sure there people buying and selling that are not on IHUB.
Appreciate your hard work though!
FROM OUr IR GUY ON RVGD BOARD
Here is what I received from Chad;
I'm hoping to get news out by the end of this weekend. I do know a lot is going
on at the shop and Pete has been very busy. I know they were planning a trip to
Detroit so it may conflict in the timing for a news release. There may be a delay,
but news is coming I assure you. As for a video, yes, I will be heading to Decatur
in the next few weeks to begin filming a short about the company and its operations.
I have a partner that will edit the video and create a very professional quality
production. It will be released in conjunction to the launch of our Investorthoughts.com
project. Shortly after I will be doing video shorts on EXPH and BDRR.
FROM OUr IR GUY ON RVGD BOARD
Here is what I received from Chad;
I'm hoping to get news out by the end of this weekend. I do know a lot is going
on at the shop and Pete has been very busy. I know they were planning a trip to
Detroit so it may conflict in the timing for a news release. There may be a delay,
but news is coming I assure you. As for a video, yes, I will be heading to Decatur
in the next few weeks to begin filming a short about the company and its operations.
I have a partner that will edit the video and create a very professional quality
production. It will be released in conjunction to the launch of our Investorthoughts.com
project. Shortly after I will be doing video shorts on EXPH and BDRR.
TCHH
Trustcash Holdings, Inc. Provides Update to Shareholders
Market Wire - April 04, 2008 8:15 AM ET
Related Quotes
Symbol Last Chg
PAVC Trade 0.02 0.00
TCHH Trade 0.03 +0.001
Quotes delayed at least 15 minutes
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today provides the following update to its shareholders on a number of its corporate activities including its upcoming merger with PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
The previously announced pre-merger collaboration between Trustcash and Paivis for purposes including, but not limited to, integration planning, continues to expand and progress. This planning will allow post closing integration to be conducted smoothly and a faster rate to achieve the desired synergies and cost savings.
In anticipation of the merger, Trustcash has appointed Mr. Claudio Lai to the position of Chief Technology Officer to assist with, amongst other things, the integration of the Trustcash virtual card and Paivis' distribution networks.
For the last five years Mr. Lai has been and remains the Chief Technical Officer of Vertutech Industries, Inc., a programming, software and web design company. Mr. Lai has managed numerous projects with Vertutech including:
-- Management of web design projects for sites such as IMPAQ
(www.impaqcorp.com).
-- Development of web programs (modules) which included; email
subscription programs, password management systems, e-commerce solutions,
and content delivery systems.
-- Development of database management software.
-- Customizing already developed content management systems.
-- Web server management.
-- Customizing of shopping cart systems.
In regards to the Merger closing schedule, Trustcash continues to execute the items required to meet the terms of the Merger Agreement. The Company is working diligently with Paivis to have the merger occur as soon as practicable.
The Company has had a positive response to the Chairman's letter released to the public recently and will continue to provide insight into the future of the company as developments warrant. Significant progress is occurring at a fast pace and management is aggressively executing on the steps necessary to grow the company and close the planned merger with Paivis. The Company expects positive developments to occur in the near term.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
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, including Duane Reade, 7-Eleven, and Chevron.
Yeah sounds like both management teams are working together already so when it officially mergers it has everything in place to take this to the next level
HWBI
TCHH
FLIP
MNTY
Check out the news recently on all these
Should be awesome late spring and summer stocks
NEWS
Trustcash Holdings, Inc. Provides Update to Shareholders
Market Wire - April 04, 2008 8:15 AM ET
Related Quotes
Symbol Last Chg
PAVC Trade 0.02 0.00
TCHH Trade 0.03 0.00
Quotes delayed at least 15 minutes
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today provides the following update to its shareholders on a number of its corporate activities including its upcoming merger with PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
The previously announced pre-merger collaboration between Trustcash and Paivis for purposes including, but not limited to, integration planning, continues to expand and progress. This planning will allow post closing integration to be conducted smoothly and a faster rate to achieve the desired synergies and cost savings.
In anticipation of the merger, Trustcash has appointed Mr. Claudio Lai to the position of Chief Technology Officer to assist with, amongst other things, the integration of the Trustcash virtual card and Paivis' distribution networks.
For the last five years Mr. Lai has been and remains the Chief Technical Officer of Vertutech Industries, Inc., a programming, software and web design company. Mr. Lai has managed numerous projects with Vertutech including:
-- Management of web design projects for sites such as IMPAQ
(www.impaqcorp.com).
-- Development of web programs (modules) which included; email
subscription programs, password management systems, e-commerce solutions,
and content delivery systems.
-- Development of database management software.
-- Customizing already developed content management systems.
-- Web server management.
-- Customizing of shopping cart systems.
In regards to the Merger closing schedule, Trustcash continues to execute the items required to meet the terms of the Merger Agreement. The Company is working diligently with Paivis to have the merger occur as soon as practicable.
The Company has had a positive response to the Chairman's letter released to the public recently and will continue to provide insight into the future of the company as developments warrant. Significant progress is occurring at a fast pace and management is aggressively executing on the steps necessary to grow the company and close the planned merger with Paivis. The Company expects positive developments to occur in the near term.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
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, including Duane Reade, 7-Eleven, and Chevron.
Yup, no guaranteed that this is going to work
BUT, there is actually history and current facts that Dollar Stores are big business.
High Oil and Gas prices are here to stay, which means more and more people are going to be using dollar stores
Think of the cost of a gallon of milk at your local grocery and now picture just have to pay $1 or less.
IF they execute this, it can be very very big.
I think people lose focus on that.
It might not work out, but it might be BIG.
You just have to invest what you are willing to, with the results either way.
TCHH News out
Trustcash Holdings, Inc. Provides Update to Shareholders
Market Wire - April 04, 2008 8:15 AM ET
Related Quotes
Symbol Last Chg
PAVC Trade 0.02 0.00
TCHH Trade 0.03 0.00
Quotes delayed at least 15 minutes
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today provides the following update to its shareholders on a number of its corporate activities including its upcoming merger with PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
The previously announced pre-merger collaboration between Trustcash and Paivis for purposes including, but not limited to, integration planning, continues to expand and progress. This planning will allow post closing integration to be conducted smoothly and a faster rate to achieve the desired synergies and cost savings.
In anticipation of the merger, Trustcash has appointed Mr. Claudio Lai to the position of Chief Technology Officer to assist with, amongst other things, the integration of the Trustcash virtual card and Paivis' distribution networks.
For the last five years Mr. Lai has been and remains the Chief Technical Officer of Vertutech Industries, Inc., a programming, software and web design company. Mr. Lai has managed numerous projects with Vertutech including:
-- Management of web design projects for sites such as IMPAQ
(www.impaqcorp.com).
-- Development of web programs (modules) which included; email
subscription programs, password management systems, e-commerce solutions,
and content delivery systems.
-- Development of database management software.
-- Customizing already developed content management systems.
-- Web server management.
-- Customizing of shopping cart systems.
In regards to the Merger closing schedule, Trustcash continues to execute the items required to meet the terms of the Merger Agreement. The Company is working diligently with Paivis to have the merger occur as soon as practicable.
The Company has had a positive response to the Chairman's letter released to the public recently and will continue to provide insight into the future of the company as developments warrant. Significant progress is occurring at a fast pace and management is aggressively executing on the steps necessary to grow the company and close the planned merger with Paivis. The Company expects positive developments to occur in the near term.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.
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, including Duane Reade, 7-Eleven, and Chevron.
Yep, and have added bigtime in the past few weeks
When all we have to go by are innuendo's by IHUB board memebers and the facts are that stores are still being built (as documentated evidence by redrain and contractors and people making calls stating that Market 99 is in their plaza and being worked on), that is good enough for me.
Risky? Heck yeah!
But, that is the world of subpennies and pinks/OTCBB stocks
High risk, High Reward
Hedge your bets
That's all I can say on it, really.
I don't blame ANYONE if they sell or hold, or buy :)
AMEN!
TCHH Keep an Eye On
Trustcash Holdings, Inc. Provides Update to Shareholders
Market Wire - April 04, 2008 8:15 AM ET
Related Quotes
Symbol Last Chg
PAVC Trade 0.02 0.00
TCHH Trade 0.03 0.00
Quotes delayed at least 15 minutes
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) today provides the following update to its shareholders on a number of its corporate activities including its upcoming merger with PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
The previously announced pre-merger collaboration between Trustcash and Paivis for purposes including, but not limited to, integration planning, continues to expand and progress. This planning will allow post closing integration to be conducted smoothly and a faster rate to achieve the desired synergies and cost savings.
In anticipation of the merger, Trustcash has appointed Mr. Claudio Lai to the position of Chief Technology Officer to assist with, amongst other things, the integration of the Trustcash virtual card and Paivis' distribution networks.
For the last five years Mr. Lai has been and remains the Chief Technical Officer of Vertutech Industries, Inc., a programming, software and web design company. Mr. Lai has managed numerous projects with Vertutech including:
-- Management of web design projects for sites such as IMPAQ
(www.impaqcorp.com).
-- Development of web programs (modules) which included; email
subscription programs, password management systems, e-commerce solutions,
and content delivery systems.
-- Development of database management software.
-- Customizing already developed content management systems.
-- Web server management.
-- Customizing of shopping cart systems.
In regards to the Merger closing schedule, Trustcash continues to execute the items required to meet the terms of the Merger Agreement. The Company is working diligently with Paivis to have the merger occur as soon as practicable.
The Company has had a positive response to the Chairman's letter released to the public recently and will continue to provide insight into the future of the company as developments warrant. Significant progress is occurring at a fast pace and management is aggressively executing on the steps necessary to grow the company and close the planned merger with Paivis. The Company expects positive developments to occur in the near term.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 either online, through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.