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Paivis, Corp. Announces Spin Off to Be Executed With Mistral Ventures, Inc.

Wednesday, January 14, 2009 14:53ET


ATLANTA, GA -- (Marketwire) -- 01/14/09 -- Wednesday, January 14, 2009 -- Paivis, Corp. (PINKSHEETS: PAVC) ("PAIVIS" or the "Company") today announces that the planned spin-off is to be executed with Mistral Ventures, Inc., ticker symbol (OTCBB: MILV) ("Mistral").

Paivis and Mistral are working diligently to finalize this transaction as soon as possible.

The spin-off transaction is being negotiated whereby Paivis will sell to Mistral part of its operations, which may include one of Paivis' planned acquisitions.

The Company looks forward to continuing to complete this transaction to provide value for its shareholders.

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