NEWS:Business Editors/Technology Writers
MIAMI, Fla.--(BUSINESS WIRE)--Nov. 16, 2004--Viva International,
Inc. (OTCBB:VIVI) announced today that it has reached agreement on the
sale/spin off of its wholly owned subsidiary, Universal Filtration,
Inc. to Carr Holdings, LLC of Novi, Michigan.
Carr Holdings, LLC and its affiliates are value-added resellers of
computer hardware and software, and point of sale systems. In
addition, the Carr group of companies provides management services and
develops software, provides software support and hardware repair
services. Currently, the Carr group is the largest United States
reseller of the SAP Business One application software. They have
recently released several titles of add on software to the Business
One system for the manufacturing and wholesale distribution
industries. German based SAP is the world's third largest software
company with current gross revenues of approximately $8 Billion.
During 2003, Carr and its affiliates generated gross revenues of
approximately $6 million.
Under the terms of the agreement, Carr agrees to assume up to
$100,000 of liabilities and absorb any and all costs with the
necessary filing of registrations to take Universal Filtration, Inc.
to the ability of conducting its business affairs as a public entity.
In addition, Carr has agreed to issue a 1 for 1 share certificate in
the new public company to the existing shareholders of VIVI as of
November 20, 2004.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and as such, may involve risks and uncertainties.
Forward-looking statements, which are based on certain assumptions and
describe future plans, strategies and expectations, are generally
identifiable by the use of words as "believe", "expect", "intend",
"anticipate", "project" or other similar expressions. These
forward-looking statements relate to, among other things, future
performance, perceived opportunities in the market and statements
regarding the Company's mission and vision. The Company's actual
results, performance and achievements may differ materially from the
results, performance, and achievements expressed or implied in such
forward-looking statements. Further information on potential factors
that could affect Viva International, Inc. is found in the Company's
Form 10-K and other documents filed with the U. S. Securities and
Exchange Commission.
AI
