ATLANTA, GA -- (Marketwire) -- 11/21/08 -- Paivis, Corp. ("Paivis" or the "Company")(PINKSHEETS: PAVC) is pleased to announce that the Special Dividenddeclared yesterday is planned to pay approximately $.003 per SpecialDividend Share to all shareholders of record on Friday, December 5, 2008.The dividend program on an annualized basis is planned to pay approximately$0.012 per Special Dividend Share, based on quarterly declarations of theSpecial Dividend.The Company anticipates it will execute a pay date for the Special Dividendin January 2009. It also plans to continue to pay this dividend on aquarterly basis based on net income. The Company estimates that as ofyesterday's close of $.0008, the annualized yield would be approximately150%.
Mr. Sands, CEO of Paivis, commented: "We are pleased to show ourshareholders we are committed to building value for them during thesedifficult financial times. We also anticipate as we continue to grow ourCompany and its profits, this quarterly dividend would increaseaccordingly."
The amount of cash payments per Special Dividend Share in this pressrelease are based on plans and net income estimates that the Company hasfor its dividend program and the Company believes it can executesuccessfully on these plans. Certain details of the Special Dividend can befound in the Company's press release of yesterday and further details ofthe Special Dividend will be provided as they are finalized.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid"point-of-sale activated" and live cards. Paivis generates its revenuesthrough the sale of prepaid calling cards and wireless services, andinternational wholesale termination. Products are sold throughout many ofthe country's major retail outlets.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") providesa "safe harbor" for forward-looking statements so long as those statementsare identified as forward-looking and are accompanied by meaningfulcautionary statements identifying important factors that could cause actualresults to differ materially from those projected in such statements.Statements contained herein that are not based on historical fact, as wellas other statements including words such as "anticipate," "believe,""plan," "estimate," "expect," "intend," "will," "could," and other similarexpressions, constitute forward-looking statements under the PSLRA. Paivisintends that such forward-looking statements be subject to the safe harborcreated thereby. Such forward-looking statements are based on currentassumptions but involve known and unknown risks and uncertainties that maycause Paivis actual results, performance or achievements to differmaterially from current expectations.
Contacts:
Paivis, Corp.
Phone: 404/601-2885
Website: www.paivis.com
