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[QUOTE]Originally posted by wildweb: [QB] Paivis, Corp. Commences Valuation Process for Its Planned Merger With Trustcash Holdings, Inc. Market Wire - October 29, 2007 3:16 PM ET Related Quotes Symbol Last Chg PAVC Trade 0.089 -0.016 TCHH Trade 1.49 -0.17 Real time quote. Paivis, Corp. ("PAIVIS" or the "Company") (OTCBB: PAVC) today announces it has begun the process of valuating the Company and its common stock on price/share basis. Trustcash Holdings, Inc. ("Trustcash") has offered $1.30/share for every Paivis common share on a share exchange basis amongst other terms and conditions as per the Term Sheet with Paivis dated October 5, 2007. The valuation process is a requirement under the planned merger with Trustcash. This valuation will be undertaken by an independent valuation firm engaged by the Company. Edwin Kwong Interim CEO of Paivis, Corp. commented, "We are commencing the valuation process with the goal in mind of moving the merger transaction to the next stage and ultimately getting the best price/share for our shareholders from Trustcash. We are confident with all of the positive developments the Company is involved in that the valuation process will yield positive results." [/QB][/QUOTE]
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