ATLANTA, GA--(MARKET WIRE)--Dec 3, 2008 -- Paivis, Corp. (Other OTC:PAVC.PK - News) ("PAIVIS" or the "Company") today updates its shareholders on its planned acquisitions of AAAA Media Services Ltd. (A4) and White Light Telecommunications/Dakota Networks (WLD).
A4 is a Georgia-based company that generates approximately $30,000,000 (unaudited) in 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.
Previously in the fall of 2007, Paivis executed an acquisition agreement to acquire A4. Paivis is diligently working with the A4 team to review additional due diligence information and feel a restructured agreement can be finalized in the coming weeks.
The WLD acquisition is expected to add approximately $2,000,000 in run rate revenue to Paivis and increase lines of business.
WLD is a provider of international voice and data services. Through their 26,000 sq. ft. facility in Rockledge, Florida, WLD provides satellite gateway services to the Americas, Caribbean and Western Europe as well as dedicated Internet access, website design and hosting and collocation services.
Paivis and WLD continue their due diligence process and expect to have the next level of agreements signed before the end of the year. Additionally, WLD has advised Paivis that they are experiencing a 10% increase in revenue month over month for the last two months and anticipate strong continued growth despite the current economic conditions.
Lawrence Sands, CEO of Paivis, stated: "We are excited about the prospects for these mergers. The combined entity will provide our company with a strong foundation to grow upon and value our shareholders have been patiently waiting for."
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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