November 11, 2008
Paivis, Corp. Hires New CEO
Paivis, Corp. ("PAIVIS" or the "Company") (PINKSHEETS: PAVC) is pleased to announce that it has hired Mr. Lawrence Sands to serve as its CEO effective immediately and will over time assume other key roles within the Company.
With an emphasis on executing plans for immediate growth, Mr. Sands aims to implement initiatives to set the Company on a course for success and increased shareholder value.
Mr. Sands, incoming CEO, stated: "I look forward to the task ahead. The base Paivis has in place currently is tremendous and shareholder value will be part of my focus as we build toward success."
Lawrence Sands is a former practicing attorney and business executive with a broad range of experience and demonstrated success in business and law. Mr. Sands is a proven leader and business innovator, with personal strengths in strategic planning, problem solving, contract negotiations and business development. Mr. Sands has been employed by such prominent national law firms such as Fried, Frank, Harris, Shriver & Jacobson as well as the senior member of his own firm. Sands has served on the Board of Directors of several small public companies and assisted other Boards of Directors with several strategic initiatives. Mr. Sands has also served as Director of Airport Relations for National Car Rental and a Managing Director of the Platinum Advisory Group, a boutique consulting company in Miami, Florida. Lawrence Sands holds a Bachelor of Science degree from New York University (1982) and a Juris Doctor from Whittier College School of Law (1986).
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.
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.
Contacts: Paivis, Corp. Phone: 404-601-2885 www.paivis.com
SOURCE: Paivis, Corp.