(Market Wire) March 22, 2007 - 10:46 AM EDT
Prevention Insurance Agrees to Merge With an International Pulp and Paper Manufacturer and Distributor
Prevention Insurance(OTCBB: PVNC) announces that the merger discussions with their last merger candidate did not produce a Letter of Intent. However, Prevention Insurance has agreed to merge with Shanghai Senyin Development Company (SSDC) which is a manufacturer of pulp and paper products distributed throughout the world. SSDC has revenues in excess of $50 million USD and above average industry profits. Prevention Insurance feels that SSDC is a perfect fit that will provide a solid platform to grow international sales from. Prevention believes that the merger could be consummated in the next 45-60 days providing that all audit and regulatory requirements are met.
this is why i think we may have a done deal.
jhho.
glta