Published: August 03, 2006
Paivis, Corp. Announces Effective Date of Reverse Split and New Ticker Symbol -- PAVC
Paivis, Corp. ("PAIVIS" or the "Company")
(OTCBB: PAIV) today announces and effective Friday, August 4, 2006, Paivis
will have a new ticker symbol, (OTCBB: PAVC) and the consolidation ratio
for the Company's planned reverse split will be 200 to 1, also with an
effective date of August 4, 2006.
As part of the consolidation, on a 200 to 1 basis, the authorized common
stock of the Company has changed from 25,000,000,000 shares to 125,000,000
shares.
There will be no fractional shares issued under the consolidation;
therefore all fractional shares will be rounded up the next whole share.
Also, any shareholder holding less than 100 shares post split shall be
rounded up to 100 shares.
For additional information please contact the Company or its transfer agent
Executive Registrar & Transfer, Inc. 3615 South Huron Street, Suite 104
Englewood, CO 80110 Ph. 303-783-9055.
CAUTIONARY STATEMENT REGARDING 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. 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.
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