Update on Name Change and New Corporate Website
HOUSTON, Feb. 17 /PRNewswire-FirstCall/ -- 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."
Fingerprint Technology Acquisition Near Completion
HOUSTON, Feb. 20 /PRNewswire-FirstCall/ -- Beral Inc. has entered into negotiations to secure a multi-million dollar investment in ProActive Computer Services Inc. (Pink Sheets: PAVP - News). 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."
For more information, please call 514-830-3348.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. More information about potential factors that could affect the company's business and financial results may be obtained by contacting the company at by phone at 514-830-3348. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact:
ProActive Computer Services Inc.
Andrea Cortellazzi, 514-830-3348
cortdev@sympatico.ca
ProActive Computer Services Featured in Barron's
Update on CortDev Inc. Project
HOUSTON, Feb 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- ProActive Computer Services Inc. (Pink Sheets: PAVP) was featured in the February 23rd edition of Barron's. An excerpt from its recent news release was included in the Technology Week insert under Current Corporate Reports (p.T2). Barron's is considered to be America's premier financial weekly publication with its readership including corporate decision-makers, institutional investors, individual investors and financial professionals. (Source: www.barrons.com) As a result of this write-up PAVP has raised its credibility with the investment community and is attracting widespread investor interest. CEO Andrea Cortellazzi stated: "Since the issue hit the newsstands I have personally received numerous calls from institutional and private investors who expressed an interest to make a major investment in PAVP. I expect a number of these parties to invest in restricted stock in the near future, which will significantly increase our cash position and help us to fund our operations."
The CortDev Inc. project is proceeding ahead of schedule. Surveying of the St.Hubert airport and surrounding property is complete as well as the architectural drawings. A majority of the space has been tentatively pre-leased. PAVP is presently in negotiations with three contractors with respect to construction of the hangar, which the company expects to close in a couple of weeks. In addition, to assist with project management and logistics PAVP has hired engineering and financial consultants. They are being compensated with shares in the company. As a result of these transactions the number of outstanding shares has been increased. CEO Andrea Cortellazzi stated: "The airport re-development project is quickly materializing. We can't wait to provide images of the work-in-progress to shareholders, which will be posted on our new corporate website by mid-March."
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Ciao! Good Luck!!
does anyone think now would be a good time to get in?
thanks...
No biggie, this is going much higher.. IMHO.
Float was 58 million prior to committment of shares for contracted work - updated shares will be published along with lots more Good New this week
"come friday...we will all laugh and shake our heads in disbelief that we were able to buy this for a penny.... " !!!
Sully
ive heard some people talking triple!
It sure jumped out of the gate quick this morning...I figured I missed the boat. I'm now in @ .01. I hope this thing flys this afternoon!
i tryed so hard this morning to get .01 bt it wouldnt go through, then i get .013 and it goes back down! im being manipulated!
good news is coming tommorow though i think!
quote:
Originally posted by supermandwc:
im in at .013 and im pissed!i tryed so hard this morning to get .01 bt it wouldnt go through, then i get .013 and it goes back down! im being manipulated!
good news is coming tommorow though i think!
I'm trying to get it in at .0095, but no luck either. In your opionion, how high will this run after tomorrow's PR?
quote:
Originally posted by opiate94:
I'm trying to get it in at .0095, but no luck either. In your opionion, how high will this run after tomorrow's PR?
Beral INC, the investors in this company believe it will be OVER 0.10 if you read their PRs, of course, I dont know how long it will take to hit that mark!
quote:
Originally posted by DiQuiRiesco:
bid is .0095, ask is .01. You won't be able to get in at .0095 for now
Thanks Hippo.
DiQ, Yeah I noticed that. It's been sitting at .01 for a while now. I'll prob try and buy in at .01 before the bell if this doesn't go through. Just trying to make double if news hits tomorrow. Thanks.
quote:
Originally posted by cyberrat67:
just put an order in for 500k at .0098...let's see how serious they are about that .01 level
yeeeeaaahh! fuqers! go get em Cyber! LOL
Malloy
And now VFIN. He's the one that jammed the stock at 0.0147 monday so it wouldn't bounce back up.
Malloy
quote:
Originally posted by cyberrat67:
well, I put another order in for 50k at .01..that one filled within minutes...let's hope the other one does too...
[This message has been edited by Malloy (edited February 25, 2004).]
Bid .0095
Ask .01
damn, i should have been more patient
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"A good friend will bail you out of jail, but a true friend will be sitting next to you saying "Damn, that was fun!"
[This message has been edited by opiate94 (edited February 25, 2004).]
quote:
Originally posted by supermandwc:
any suggestion as to the best price to try and buy up some more of this right at open, before i think its gonna fly!???
IMO .0095 would fill at the bell.
im tempted to hold until then!