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supermandwc
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Beral Inc. in Negotiations with Major European Financial Institution

February 20, 2004 11:54:00 (ET)


HOUSTON, Feb 20, 2004 /PRNewswire-FirstCall via COMTEX/ -- Beral Inc. has entered into negotiations to secure a multi-million dollar investment in ProActive Computer Services Inc. (Pink Sheets: PAVP). The investors include a major European Financial Institution and private parties. The funds will be used to finance the CortDev Inc. airport re-development project, specifically to purchase capital assets. In addition, the funds will assist PAVP to attain OTC Bulletin Board status. CEO Andrea Cortellazzi is pleased with the progress that Beral Inc. has made in attracting international investors to his company. He stated: "This interest in making a major investment in PAVP is proof positive that our business plan is a viable one and has tremendous profit potential. These funds are essential to ensure that our strategy is executed and that we reach our short- and long-term goals." Beral Inc. expects to finalize this contract by the end of next week at which time further details will be released. Beral Inc. will then begin negotiations with other interested European investors.

Further details on the acquisition of the fingerprint technology identification business will be released on February 26. PAVP has been in intense negotiations with the target company over the past week and an agreement should be reached in a matter of days. According to CEO Andrea Cortellazzi, " ... the company is an innovative one with leading-edge biometric technology and an experienced management team. The partnership will be a win-win situation for both of us."

Beral Inc. Finalizes Acquisition Strategy for ProActive Computer Services

February 17, 2004 10:35:00 (ET)


HOUSTON, Feb 17, 2004 /PRNewswire-FirstCall via COMTEX/ -- Beral Inc. has developed an acquisition strategy for ProActive Computer Services Inc. (PAVP: Pink Sheets) following the announcement that it has become an active shareholder of the company. Beral Inc.'s strategy is to restructure PAVP as a merchant bank or a holding company for valuable international assets and ventures. Mr. Andrew Racz (International VP of Finance) has identified several European financial institutions and investment management companies that would like to transfer their assets, specifically those worth at least $1M USD, into PAVP. Negotiations are proceeding well with these firms and details of the acquisitions will be announced shortly once they are finalized. Beral Inc.'s fee for their services consists of warrants issued by PAVP that are exercisable at $0.10 per share. Thus, PAVP's cash flow is unaffected by its contract with Beral Inc.

PAVP has applied for a name and ticker symbol change and expects that it will be completed by the end of February. The new name will be CortDev Inc. in order to reflect its current business operations. A new corporate website is also under construction to replace the defunct PAVP website at www.pacsi.com . The website will reflect the new image of PAVP that is focused on building a profitable company with an emphasis on maximizing shareholder value. CEO Andrea Cortellazzi states: "We are working hard to regain the trust of long-time shareholders and to keep all investors informed of company developments. We want to ensure that they are comfortable with their investment and believe as much as we do in the long-term success of PAVP."

February 26 bump perhaps?


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