Centiv, Inc. Resumes Trading on the NASD OTC Bulletin Board.Business Editors PALOS VERDES, Calif.--(BUSINESS WIRE)--May 14, 2004 Centiv, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNTV CNTV Comisión Nacional de Televisión (Spanish, Colombia) ) announced today that its shares were approved yesterday for trading on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. (OTCBB), and began trading at the opening of the market today under its former NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap symbol, "CNTV." Centiv is a holding company with two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. -- Centiv Services, Inc. and Beijing Multimedia Limited. The company said it is in the process of forming other subsidiaries in anticipation of completing a number of other acquisitions currently under negotiations related to print publication and advertising, film production and distribution, and television programming. The company also said that it is in discussions with additional management personnel with experience in the areas of print publication and advertising, film production and distribution, and television programming to join the company's new management team. Mr. John Larkin and Mr. Tom Mason, former President and Chief Financial Officer of Centiv, respectively, have assumed responsibility for the ongoing management of Centiv Services, Inc., while the four new recently-appointed directors have taken temporary management roles for Centiv under its newly adopted holding company structure. Statements in this document that are not historical fact are "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 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 Form 10K/10-Q. |
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