PAIVIS Corp (fka PAVC)

[herbalife13]

More Positive news coming IMO

May 17, 2007 - 10:43 AM EDT

Paivis Corp. Reports on Corporate Developments and Strategic Objectives

Paivis Corp. (OTCBB: PAVC) reported on its recent corporate developments and ongoing strategic objectives.

As previously announced, the Company has completed its transition to the new transfer agent, Corporate Stock Transfer, Denver, Colorado. The agency has already commenced activities on the Company’s behalf. Management looks forward to pursuing its corporate and operational goals for the benefit of the Corporation its shareholders.

The Company has made solid progress on its business initiatives, including the following:

* Paivis’s products are currently available at 5,500 locations nationwide, an increase of 1,500 since January 2007. The Company is looking to continue expansion of the Company’s distribution channels by rolling out products to a total of 25,000 locations by the end of 2008.
* In 2006, the Company entered into a distribution agreement with a major retail distributor of prepaid products and services in the U.S. The Company continues to pursue additional distribution partnerships and partnerships opportunities.
* Paivis continues to seek and identify potential acquisition targets. In order to complete strategic transactions, the Company will require additional capital.
* The Company reaffirms that it is committed to pursuing listing on the NASDAQ or the American Stock Exchange. The Company will strive to meet the listing requirements, however, there can be no guarantee that any listing application will be approved, or that the Company will meet the listing criteria.

Gregory L. Bauer, President and Chief Executive Officer of Paivis, said: “We remain focused on executing on our strategic goals. Also, we continue looking for expansion opportunities that will provide growth and ultimately increase shareholder value.”

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 (the “PLSLRA”) 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. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.

Paivis Corp.
Greg Bauer
Chief Executive Officer
Phone: [phone]
www.paivis.com
or
The Investor Relations Group
Investor Relations:
Katrine Winther-Olesen / Emily Hanan
or
Media: Richard Wagner / Mike Graff
Phone: [phone]

Source: Business Wire (May 17, 2007 - 10:43 AM EDT)

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