The following table sets forth, as of April 7, 2006,
certain information concerning the beneficial ownership of each class of the Company’s voting stock by (i) each beneficial owner of 5% or more of the Company's voting stock, based on reports filed with the SEC and certain other information; (ii) each of the Company’s executive officers and (iii) all executive officers and directors of the Company as a group:
Number of Shares Owned
Percentage
Name
of Record and Beneficially
Common Stock Outstanding (1)
Dr. Jan Stahl, Chairman, CEO
3141 Ann Street
Baldwin, NY 11510
14,279,179
25.24
Kenneth Leventhal, Secretary, Director
24 Meadowbrook Road
Huntington Station, NY 11746
4,596,000
8.12
Allan Pullin
5,568,564
9.84
Weber & Pullin, LLP
7600 Jericho Tpke
Woodbury, NY 11797
All Directors and Officers
As a Group
18,875,179
33.36
(1) Based upon a total of 56,575,212 shares outstanding as of April 7, 2006.
4
NOTICE TO STOCKHOLDERS OF ACTIONS
APPROVED BY CONSENTING STOCKHOLDERS
The following actions have been approved by the written consent of holders entitled to vote a majority of the aggregate shares of the Company’s Common Stock:
ACTION 1
AMENDMENT TO
ARTICLES OF INCORPORATION
TO CHANGE THE COMPANY’S CORPORATE NAME
The Board of Directors has unanimously approved, and holders entitled to vote a majority of the aggregate shares of Common Stock have approved an amendment to the Company’s Articles of Incorporation changing its name to “ Paivis, Corp .” The amendment is attached hereto as Exhibit A (the “Amendment”). Article I of the Company’s Articles of Incorporation will read as follows:
“ARTICLE I
NAME
The name of the corporation is Paivis, Corp. (the “Corporation”).”
