Paivis, Corp. Announces Revised Terms Have Been Reached to Complete the Acquisition of AAAA Media Services Ltd., a $50,000,000 Revenue Generating Prepaid Wireless Distributor
Wednesday, March 11, 2009 16:15ET
ATLANTA, GA -- (Marketwire) -- 03/11/09 -- Paivis, Corp. (PINKSHEETS: PAVC) ("PAIVIS" or the "Company") is pleased to announce to its shareholders that it has come to terms with AAAA Media Services Ltd. (A4) on a restructuring of the planned acquisition.
A4 is a Georgia-based company that generates approximately $50,000,000 (unaudited) in annual revenue.
A4 is one of the leading distributors of T-Mobile, AT&T and Boost Mobile prepaid wireless products. A4 distributes these products, amongst others, through master dealer agreements to over 7,000 locations in the continental United States.
Lawrence Sands, CEO of Paivis, stated: "We are very pleased to have reached new terms for the acquisition of A4. The revised terms make the acquisition more affordable to the company and upon completion, should provide greater value to our shareholders."
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.
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