Trustcash Holdings, Inc. Confirms It Has Purchased Paivis, Corp. Common Shares in the Open Market
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NEW YORK, NY, Apr 10 (MARKET WIRE) --
TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH) responding to
numerous shareholder inquiries confirms it has purchased common shares of
Paivis in the open market. Trustcash plans to continue its accumulation of
Paivis common shares in the open market prior to closing of the planned merger
with PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC).
Trustcash feels it is in the best interest of the Trustcash shareholders
totake advantage of the opportunity to purchase Paivis common shares in the
open market at levels below the proposed $0.10 purchase price of the planned
merger. Trustcash management believes that this action could ultimately reduce
the cost of the merger.
At the sole discretion of Trustcash's management and the board of directors,
it will request physical delivery of any and all shares it has accumulated in
the open market.
About Trustcash
Through its Trustcash brand and website www.trustcash.com, the Company is
apioneer of anonymous payment systems for the Internet. It developed a
business based on the sale of a stored value card that can be used by
consumers to make secure and anonymous purchases on the Internet without
disclosing their credit card or personal information. Trustcash provides
toits customers the "Trustcash(TM)" payment card, which is sold in
denominations ranging from $10 to $200 online through any of over 500
websites. Trustcash's non-reloadable, virtual Trustcash card is the only
"stored value card" that can be purchased where no personal data is stored or
available, providing a unique level of both security and privacy to the
purchaser.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA")
providesa "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
wellas 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. TRUSTCASH and PAIVIS
intend 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 TRUSTCASH
and PAIVIS actual results, performance or achievements to differ materially from
current expectations. These risks include economic, competitive, governmental,
technological and other factors discussed in TRUSTCASH and PAIVIS annual,
quarterly and other periodic public filings on record with the Securities and
ExchangeCommission which can be viewed free of charge on its website at
http://www.sec.gov.
Trustcash
Investor Relations
Charles Moskowitz
617-633-2259
Copyright 2008, Market Wire, All rights reserved.
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