Prevention Insurance: Prevention Insurance Enters Merger Discussions With MeshCity
Posted by Ni in Insurance
Prevention Insurance (OTCBB: PVNC) has
entered into discussions with MeshCity, a manufacturer of hardware and
software that supports broadband, VoIP, and security solutions and allows
high-speed WIFI and GPS to communicate with each other all in one reliable
network. MeshCity has been perfecting products for 6 years in a 7-year-old
technology for use by Governments, Cities, and the Military that allows
first emergency responders to communicate with each other and to avoid the
problems experienced on 9/11. The Government has identified 75 cities that
it wants to upgrade the communication capabilities of and has allocated
$2.9 billion to improving communication capability of wireless for
emergency agencies in the event of a catastrophe. MeshCity is well
positioned to capitalize on both domestic and international demand for this
kind of technology. Provided that the LOI is received and signed by both
parties the merger would take place in the next 60 to 90 days.
About Prevention Insurance:
Prevention Insurance is a public insurance holding company that is in
negotiations to merge with opportunities involving technology.
Safe Harbor Statement:
Forward-looking statements and comments in this news release are made
pursuant to safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements regarding
potential future plans and objectives of Prevention Insurance are
forward-looking statements. Such statements are necessarily subject to
risks and uncertainties, some of which are significant in scope and nature
beyond Prevention Insurance’s control. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially depending on many factors, including those
described above. Prevention Insurance cautions that historical results are
not necessarily indicative of the company’s future performance.
Contact: Prevention Insurance Scott Goldsmith (702) 732-2758 Email Contact
SOURCE: Prevention Insurance
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