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American Power Systems, Inc. Launches Groundbreaking Alternator Series

New alternators provide more power at both lower and higher RPM, allow for faster charging

DAVENPORT, Iowa, April 29, 2025 /PRNewswire/ — American Power Systems, Inc. (APS) has launched an all-new, groundbreaking high-output alternator series providing more output across the board at both lower and upper RPM. In addition, the increased power output at lower RPM means faster charging capability at lower speeds, including at idle.

The Ultra Performance at Idle (UPI) series is APS’ next-generation line of alternators. The new alternators share the same weight, size, and other mechanical specifications as APS’ HPI series but with higher output at both upper and lower ranges of the RPM output curve. This means the new alternators offer the same form and fit for all vehicles APS products serve.

“This is a game-changer in the ever-evolving mobile power market,” said APS President & CEO Amy Lank. “Our customers have asked for more power, and we’ve heard them loud and clear.”

Available in 12-, 24-, and 48-volt models, the UPI series offers six different configurations from 165 amps to 390 amps at output.

While the new UPI high-output alternators offer more power at both ends of the RPM spectrum, they can start generating voltage at lower RPM, which translates to quicker battery charging. This early activation reduces the dependency on high RPM for effective charging, making it possible to maintain optimal battery levels even during low-speed operations.

This is especially useful for vehicles in an idling scenario or in city driving where vehicles often run at lower speeds. By generating power earlier, it also helps keep the battery charged more efficiently and reduces the risk of undercharging. Electrical components can work more reliably, improving overall performance and reducing the chances of electrical failures.

For technical specifications, please visit APS’ website.

About American Power Systems, Inc. (ISO 9001:2015)

Since 2006, APS has been designing and manufacturing advanced mobile power systems, alternators, converters, regulators and power generators for armored, security, commercial, marine and purpose-built specialty vehicles like RVs and luxury motor coaches. The Davenport, Iowa-based company specializes in the innovation and custom crafting of power conversion and distribution systems by staff with nearly 300 combined years of experience in the various fields of expertise it handles. To date, APS products have been used on more than 10,000 vehicles across multiple continents, including Africa, Asia, the Americas, Europe and Australia.

PHASE Scientific Earns Prestigious Recognition at 2025 ASCCP Scientific Meeting for Innovation in Urine-Based HPV Screening

SAN DIEGO, April 29, 2025 /PRNewswire/ — PHASE Scientific (PHASE) proudly announced a major milestone this week with its inaugural participation and award-winning presentation at the 2025 American Society for Colposcopy and Cervical Pathology (ASCCP) Annual Scientific Meeting — one of the foremost global events dedicated to advancing women’s health.

Held in San Diego from April 24–26, the ASCCP Scientific Meeting serves as a critical platform for shaping the future of cervical cancer prevention and diagnosis, bringing together leading clinicians, researchers, and healthcare innovators from around the world. As the recognized authority on cervical cancer screening guidelines and education for U.S. obstetricians and gynecologists, ASCCP represents an unparalleled stage for groundbreaking research.

In collaboration with PHASE, Peking University Shenzhen Hospital (PUSH) presented groundbreaking research on urine-based HPV testing at the Scientific Meeting. The study, which utilized PHASE’s proprietary technologies, was awarded the Thomas V. Sedlacek, MD, Prize for Best Clinical Research Abstract — a top recognition for excellence in clinical research. This marks a significant achievement and highlights the growing momentum toward non-invasive cervical cancer screening approaches.

The award-winning study showcased the performance of PHASE’s novel technologies: PHASiFY™, an advanced urine DNA concentration method, and the PhaseLab™ HPV Urine Test, a next-generation urine-based HPV DNA testing platform. In the study, women undergoing follow-up colposcopy or treatment for high-grade cervical lesions (CIN2/3) provided both urine samples and physician-collected samples for HPV testing. Results demonstrated a >97% concordance between urine-based PhaseLab™ testing and standard physician-collected testing (Cobas 4800) for detecting HPV types 16 and 18, along with comparable performance in detecting cervical precancerous lesions.

“We are proud that PHASE Scientific’s technologies, including our PHASiFY™ system, supported this important research presented by Peking University Shenzhen Hospital at the ASCCP Scientific Meeting,” said Dr. Ricky Chiu, Chairman and CEO of PHASE Scientific. “The findings demonstrate that PHASiFY™ significantly enhances the detection of cervical precancers through simple, non-invasive urine samples — a transformative step toward making cervical cancer screening more accessible and patient-centered. We remain deeply committed to driving innovations that advance women’s health.”

The presentation sparked strong interest and discussion among leading industry experts and healthcare professionals, reinforcing the growing momentum behind non-invasive cervical cancer screening. PHASE Scientific is honored to contribute to this important movement and looks forward to continuing to develop solutions that reduce barriers to screening, and ultimately help eliminate cervical cancer as a public health threat.

Disclaimer: PhaseLab™ HPV Urine Test is available in the US for the detection of HPV DNA only and has not been approved for use as a cervical cancer screening test.

About PHASE Scientific

PHASE Scientific is a fast-growing biotech company with a mission to inspire a new state of health through innovative diagnostics and healthcare solutions. With operations in the U.S., mainland China, and Hong Kong, PHASE delivers novel diagnostic tools and services for cancer and infectious diseases using proprietary technologies, empowering better disease detection, diagnosis, and management.

Cision Announces Successful Closing of Financing Transactions

CHICAGO, April 29, 2025 /PRNewswire/ — Cision Ltd. (“Cision“), a leading global provider of earned media software and services to public relations and marketing communications professionals, announced today the successful closing of the financing transactions previously announced on April 14, 2025, including securing approximately $250 million of additional liquidity.

As previously announced, Cision’s affiliate Castle US Holding Corporation (the “Company“) entered into a commitment letter providing for a series of financing transactions (the “Financing Transactions“) that were supported at such time by holders of approximately 95% (the “Committed Noteholders“) of the outstanding principal amount of the Company’s existing unsecured notes due 2028 (the “Existing Notes“) and approximately 99% of lenders under the Company’s existing senior secured term loan facility. Since that time, support increased to (i) holders of approximately 98% of the outstanding principal amount of the Existing Notes who decided to participate in the Private Notes Exchange (as defined below) and (ii) 100% of the lenders under the existing senior secured term loan facility.

“We are extremely pleased with the success of our debt refinancing and the strong support for the transactions from our debt investor base,” said Guy Abramo, CEO of Cision. “By successfully extending debt maturities, and with the additional liquidity these transactions provide, we move forward with the flexibility to focus on our core businesses, execute on our long-term growth strategy and continue to support our 75,000+ partners and customers.”

In connection with the Financing Transactions, the Company has (i) issued approximately $250 million of new money senior secured first lien first-out term loans, (ii) exchanged, on a cashless basis, the term loans previously outstanding under the Existing Credit Agreement (as defined below) for new senior secured first lien second-out term loans in an aggregate principal amount equal to approximately $1,300 million and €430 million, (iii) amended the terms of the existing indenture governing the Existing Notes, dated as of February 5, 2020 (the “Existing Notes Indenture“), to, among other things, eliminate substantially all restrictive covenants therein and make other modifications to facilitate the Financing Transactions, (iv) exchanged, on a cashless basis, the revolving loans previously extended under the Existing Credit Agreement for a new senior secured first lien first-out revolving credit facility in an aggregate commitment amount equal to approximately $137 million, (v) terminated the existing credit agreement, dated as of January 31, 2020 (the “Existing Credit Agreement“) and (vi) exchanged (the “Private Notes Exchange“) approximately $294 million aggregate principal amount of the outstanding principal amount of Existing Notes for approximately $268 million aggregate principal amount of new first lien third-out 10.00% Senior Secured Notes due 2031 (the “Third Out Notes“).

This press release contains important information for remaining holders of the Existing Notes regarding an invitation to participate in the Private Notes Exchange. You are encouraged to read this press release in its entirety.

The proceeds of the Financing Transactions were used to or will be used to (i) repay permanently in full and terminate all outstanding commitments under that certain bridge credit agreement, dated as of January 30, 2025, (ii) repay and terminate, or cause the repayment and termination in full of, all outstanding commitments and obligations under certain intercompany credit agreements and promissory notes, (iii) fund the payment of accrued and unpaid interest on the Existing Notes that have been tendered for cancellation in the Private Notes Exchange and the term loans under the Existing Credit Agreement that are being repurchased in the Financing Transactions and (iv) pay related transaction fees and for working capital and general corporate purposes.

Private Notes Exchange

As previously announced, holders of the Existing Notes are invited to participate in the Private Notes Exchange on the same terms offered to the Committed Noteholders on or before May 12, 2025. Holders who would like to receive more information about the terms of the Private Notes Exchange should contact Cision at Cision@is.kroll.com. Subject in all respects to Cision’s determination and discretion, and in respect of its right to purchase Existing Notes through open market or privately negotiated transactions:

  • Additional Fungible Notes. Holders who contact Cision on or prior to May 6, 2025 may be eligible to receive Third Out Notes on May 9, 2025 (the “Additional Issuance Date“). The Company expects that Third Out Notes issued on the Additional Issuance Date will be fungible with the Third Out Notes issued on April 28, 2025 (the “Initial Issuance Date“).
  • Additional Non-Fungible Notes. Holders who contact Cision after May 6, 2025 may be eligible to receive Third Out Notes thereafter. However, Third Out Notes issued after May 9, 2025 may not be fungible with Third Out Notes issued on the Initial Issuance Date or the Additional Issuance Date.

As of the date of this press release, approximately 98% of Existing Notes have been tendered into the Private Notes Exchange. Due to the high levels of committed participation, holders of Existing Notes are cautioned that the Private Notes Exchange may have adverse effects on the liquidity and market price of Existing Notes that are not tendered and accepted pursuant to Private Notes Exchange.

In addition, Existing Notes that are not tendered and accepted pursuant to the Private Notes Exchange will remain outstanding and will be subject to the terms of the Existing Notes Indenture, which has been amended such that, among other things, substantially all restrictive covenants therein have been eliminated. Holders are cautioned that the amended Existing Notes Indenture permits the Company and its subsidiaries to take certain actions that were previously prohibited, which may increase the credit risks with respect to the Company, as well as adversely affect the liquidity, market price and price volatility of the Existing Notes or otherwise be adverse to the interests of holders.

The Third Out Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act“), or any other securities laws, and the Third Out Notes cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

This press release is for informational purposes only. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Holders of the Existing Notes are encouraged to consult their own legal, financial and tax advisers regarding the Private Notes Exchange. 

About Cision

Cision is a global leader in consumer and media intelligence, engagement, and communication solutions. We equip PR and corporate communications, marketing, and social media professionals with the tools they need to excel in today’s data-driven world. Our deep expertise, exclusive data partnerships, and award-winning products —including CisionOneBrandwatch, and PR Newswire —enable over 75,000 companies and organizations, including 84% of the Fortune 500, to see and be seen, understand and be understood by the audiences that matter most.

For media inquiries, please contact:
Cision Public Relations
CisionPR@cision.com

Forward-Looking Statements

This press release contains statements that relate to future events and expectations and, as such, constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are not historical facts, but only predictions and generally may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements that address activities, events or developments that the Cision or the Company intends, expects, projects, believes or anticipates will or may occur in the future.

Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties, many of which will be important in determining the actual future results of Cision, the Company and their subsidiaries and affiliates. These statements are based on current expectations and the current economic environment, and involve a number of risks and uncertainties that are difficult to predict. Actual results could differ materially from those expressed or implied in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and the Company does not undertake any obligation to publicly correct or update any forward-looking statement if the Company later becomes aware that such statement is not likely to be achieved.

State Grid Kashgar Power Supply Company is making every effort to repair and ensure power supply to safeguard the electricity safety of the ancient city

KASHGAR, China, April 29, 2025 /PRNewswire/ — At 4:28 a.m. on April 23rd, a short circuit occurred on the 0.4-kilovolt line at Pole 07 of the No. 009 public transformer Branch Line of the 1017 line of the 10-kilovolt Kexin Line in Kashgar Ancient City due to rainwater infiltration. This resulted in a power outage for 84 households. The Ancient City Power Supply Office of State Grid Kashgar Power Supply Company responded promptly by organizing repair teams to work under adverse weather conditions and successfully restored power supply at 9:30 a.m. on the same day, fully ensuring the normal life of residents. 

Following the fault occurrence, the Gucheng Power Supply Office of State Grid Kashgar Power Supply Company immediately activated its emergency repair plan. At 4:30 a.m., the repair team arrived at the scene promptly. Upon investigation, it was determined that the cause of the fault was the aging insulation layer of the old line combined with rainwater infiltration, which led to a phase-to-phase short circuit. Despite the challenges posed by night operations and rainfall, the repair workers efficiently completed fault isolation and line switching, ensuring timely power restoration for affected users. 

As a historical and cultural conservation area, the renovation of power facilities in the ancient city must balance the protection of cultural relics with the enhancement of power supply safety. In December 2024, State Grid Kashgar Power Supply Company initiated renovations on certain lines to address the increased electric heating load during winter. Following this malfunction, the company further optimized its repair processes and expedited the renovation progress of the remaining old lines to enhance the power grid’s resilience against disasters. 

With the upcoming May Day holiday, the company has organized the Ancient City Power Supply Station to conduct specialized inspections of lines within its jurisdiction, with a focus on identifying potential hazards in power facilities located in the core tourist area. This ensures that tourists can fully experience the charm of the ancient city. 

The power supply company continues to strengthen its emergency response capabilities to safeguard uninterrupted power supply for every household. Moving forward, the company will continue to promote the transformation and upgrading of the distribution network, enhancing the reliability of power supply and providing robust support for the economic and social development of Kashgar.

GOODYEAR SHOWCASES ADVANCED TIRE TECHNOLOGIES AT AUTO SHANGHAI 2025

SHANGHAI, April 29, 2025 /PRNewswire/ — The Goodyear Tire & Rubber Company (Goodyear) showcased its leadership in tire technologies during Auto Shanghai 2025. First held in 1985, Auto Shanghai is China’s oldest auto exhibition and is considered as an important major international auto show.

Greg Hanna, Vice President of Product Development & Quality for Goodyear Asia Pacific delivered a keynote themed “Tire Technologies Shape a Better Future” at the Auto Key Tech Forum.

Marking a historic moment, this event witnessed China’s Intelligent Chassis Working Group engaging with tire companies for the first time, with Goodyear leading as the first tire company to participate.

“The tire is the only part of the vehicle that contacts the road, making it a critical source of information about the interaction between the vehicle and the driving surface. As a technology pioneer, Goodyear has been advancing tire intelligence for over a decade. We established a dedicated sub-brand called SightLine, focused exclusively on delivering innovative tire intelligence solutions.” stated Hanna.

Goodyear SightLine revolutionizes tire management and safety. SightLine encompasses a wide range of features, including precise tire pressure monitoring, real-time wear status tracking, tire remaining mileage analysis, tire load, road surface condition monitoring, tire-road friction estimation, aquaplaning detection, and adaptive tire models. Based on the recent demo drive with consumers and media members, Goodyear SightLine is praised for its two unique features: intelligent tire-road insights on real-time estimation of road friction, aquaplaning, tire physics model and a lifecycle dynamic monitoring function that continuously tracks and reports tire wear, remaining mileage, pressure, temperature and load changes to the vehicle system.

Goodyear Electric Drive Sustainable Materials Tire, China’s first ISCC mark retail tire containing more than 70% sustainable materials has also been featured at the forum.

About The Goodyear Tire & Rubber Company

Goodyear is one of the world’s largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

PSAG Technologies Appoints Ashok Sahdev as Independent Director – Strategic Alliances & Growth

MELBOURNE, Australia, April 29, 2025 /PRNewswire/ — PSAG Technologies, a leading Salesforce consulting and solutions provider from Melbourne, Australia, today announced the appointment of Ashok Sahdev as Independent Director – Strategic Alliances & Growth. In this role, Ashok will drive strategic growth initiatives, forge key alliances, and expand PSAG’s market presence globally.

PSAG_TECH_Ashok_Sahdev
PSAG_TECH_Ashok_Sahdev

Industry Veteran with Decades of Experience

Ashok Sahdev brings over 35 years of industry experience to PSAG. He has held senior leadership positions at Accenture, IBM, and Nortel Networks, where he spearheaded large-scale transformation projects and regional growth strategies. Known for his expertise in building alliances and stakeholder management, he has successfully led multi-million-dollar consulting engagements across Asia-Pacific, Middle East and Europe. His strong techno-commercial acumen and ability to build high-performing teams have consistently delivered significant revenue growth and operational excellence throughout his career.

“I’m excited to join PSAG Technologies and contribute to its next phase of strategic growth. Together, we aim to strengthen partnerships, drive innovation, and expand our global footprint.”
Ashok Sahdev, Independent Director – Strategic Alliances & Growth, PSAG Technologies

Driving Growth and Global Market Reach

Ashok’s appointment is pivotal for PSAG Technologies as the company accelerates the growth of its flagship product, SOLFI. SOLFI is an innovative zero-code, native Salesforce integration platform available on the Salesforce AppExchange that enables organizations to automate Salesforce integrations in four steps seamlessly.

Leveraging his extensive network and experience, Ashok will guide strategic partnerships to extend SOLFIs reach and drive PSAG’s expansion into new markets.

“We are thrilled to welcome Ashok to the PSAG leadership team,” said Sachin Nagi, Chief Executive Officer of PSAG Technologies. “Ashok’s expertise in alliances and enterprise growth makes him a critical addition to our leadership team. His presence strengthens our vision to scale SOLFI and accelerate PSAG’s global expansion.”
Sachin Nagi, CEO, PSAG Technologies

About PSAG Technologies:

PSAG Technologies is a trusted Salesforce consulting and technology company providing cloud-based solutions and services to clients worldwide. Founded in 2016 and headquartered in Melbourne, Australia – with offices in India and the USA – PSAG specializes in Salesforce CRM implementations, customizations, and integration solutions. The company’s offerings include its flagship product Solfi, a no-code integration platform available on the Salesforce AppExchange, alongside a wide range of consulting services that help organizations drive digital transformation and business growth.

PSAG_TECH_Sachin_Nagi
PSAG_TECH_Sachin_Nagi

 

New Algorithmic Standards and Migration Policy Timelines Propel Post-Quantum Cryptography Toward Billion-Dollar Market by 2030

NEW YORK, April 29, 2025 /PRNewswire/ — The commercialization of Post-Quantum Cryptography (PQC) solutions is well underway, and global technology intelligence firm ABI Research expects market growth to be dynamic and ramp up quickly over the next five years, despite an increasingly uncertain economic outlook.

The newly published U.S. NIST PQC standards (FIPS 203, 204, and 205), various national policies dictating PQC transition timelines (in North America, the EU, and parts of the Asia-Pacific region), as well as the announcement of RSA and ECC deprecation, mean that the march towards PQC migration is inevitable.

“2030 is the PQC transition target year for priority industries such as government, defense, and critical infrastructure in those regions,” says Michela Menting, Senior Research Director at ABI Research. “Dictated in large part by national mandates, these sectors have to start planning their migration today in order to meet the deadline.” The process is expected to be long and complex, and it will require assistance from several different experts as stakeholders move through the various migration phases. This will dictate market traction and technology adoption.

In the first instance, it’s about assessment and planning, driving a surge in PQC services to provide cryptographic asset discovery and inventory management, and transition strategies. This will make up the brunt of the market initially, expected to reach US$255 million globally by the end of the year. The second phase will be focusing on updating or migrating to new systems and integrating PQC technologies. This will require commercial point solutions that organizations can leverage, preferably off-the-shelf. ABI Research expects point solutions to grow much more dynamically across the forecast period, at a CAGR of 63%.

A host of small companies with strong PQC offerings are emerging with dedicated PQC services and technology solutions to the market. PQShield, Post-Quantum Solutions, CryptoNext Security, Secure-IC, Crypto4A, InfoSec Global, PQSecure, CryptoExperts, QuSecure, genua, wolfSSL, SEALSQ, ISARA, and Quantropi each have a strong focus on cryptographic libraries and applications. They are accompanied by digital security leaders such as Thales, Entrust, Utimaco, IBM, Keyfactor, GlobalSign, DigiCert, Sectigo, Kudelski IoT, Rambus, and Eviden, among others, offering their share of consulting services and PQC technology integrations.

The PQC market is still only nascent, and further standards for primitives and protocols are yet to be announced. “As such, there will be significant commercial opportunities for specific integration and specialization by end markets, by application, and by use case. With an increasingly clear timeline on adoption, this market is expected to grow exponentially over the coming years,” Menting concludes.

These findings are from ABI Research’s Post-Quantum Cryptography market data report. This report is part of the company’s Quantum Safe Technologies research service, which includes research, data, and ABI Insights.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info:

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

Paranovus Entertainment Technology Limited Regains Compliance with Nasdaq Periodic Financial Reports Filing Rule

NEW YORK, April 29, 2025 /PRNewswire/ — Paranovus Entertainment Technology Limited (“PAVS” or the “Company”), (NASDAQ: PAVS) announced today that it has received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 25, 2025, notifying that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(2) (the “Rule”).

The Nasdaq staff has determined that the Company complies with the Rule based on the Form 6-K furnished by the Company on April 24, 2025, disclosing its interim financial statements for the six-month ended September 30, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(2) and this filing delinquency matter is now closed.

About Paranovus Entertainment Technology Limited

Paranovus Entertainment Technology Ltd. focuses on the development of AI-powered entertainment products, including AI-driven games and applications, as well as TikTok-related e-commerce solutions through its subsidiary. The Company is committed to delivering immersive and engaging experiences through innovative AI and digital commerce platforms.

In March 2025, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a New York company that offers e-commerce solutions. As part of its strategic transformation, Paranovus has exited its legacy businesses, including the e-commerce, internet information, and advertising businesses in September 2023 and ceased its automobile sales business in July 2024.

For more information on our latest innovations and developments, visit https://www.pavs.ai/.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; the Company’s future acquisition opportunities; the Company’s ability to identify any acquisition opportunities that fit with our business strategies; the Company’s ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Michael Chen
929.288.7418
michael@pavs.ai