Centiv, Inc. Announces Filing 10QSB at June 30, 2004; Trading Symbol Resumes to CNTV from CNTVE Effective August 30, 2004.PALOS VERDES, Calif. -- Centiv, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNTV CNTV Comisión Nacional de Televisión (Spanish, Colombia) ) announced today that its Quarterly Report including consolidated Balance Sheet consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm. and Statement of Operations See Income statement. for six (6) months ended June 30, 2004, which includes the spin off of Centiv Services, Inc. in May 2004, was filed and available at www.sec.gov. - Edgar filings. As a result of the filing of the 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound last week, the "E" symbol was removed yesterday from the Company's symbol. The Company suspects that the recent decline in its stock price was a result in short selling Short Selling The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. , when it received notice that CNTV shares, although unauthorized by the company, were "listed on the Berlin Stock Exchange" earlier this year. The Company has implemented measures to remove its listing and eliminate the ability of the Berlin Stock Exchange to enter into illegal short sale transactions. The Company also announced today, in connection with the removal of the "E" symbol that it is negotiating two material transactions which, if and when concluded, will be announced in greater detail. Centiv presently operates as a holding company with four wholly owned subsidiaries -- Beijing Multimedia Limited, and three new subsidiaries in organization, Target Publishing Group Inc., a subsidiary in organization for the purpose of acquiring niche and entertainment-related magazine and other publishing businesses., Media Acquisition Corp., a subsidiary in organization for the purpose of acquiring independent film production companies, and CNTV Sports Promotion Inc, a subsidiary in organization designed to acquire sports event promotion and production companies. Forward looking Statements in this document that are not historical fact and are "forward-looking statements" as that term is defined in the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends that we anticipate in our industry and our good faith estimate of the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause our actual business and results of operations to differ materially from those reflected in our forward-looking statements. These risks are described in the Company's recent Form 8-K/A together with its recent Annual Report and Quarterly Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-QSB. |
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