PRESS RELEASE -
December 9, 2008
CAVIT SCIENCES,
INC. ANNOUNCES Update To Shareholders
Maggie Smyth,
Interim CEO
info@cavitsciences.com
www.CavitSciences.com
Paterson, NJ,
December 9,2008—Cavit Sciences, Inc. (“Cavit”) (OTCBB: CVIT)
today announced the following update to shareholders:
To: The Shareholders of Cavit Sciences, Inc.
From: Margaret ("Maggie") Smyth, Interim CEO
"Cavit Sciences is now in the hands of the shareholders."
This means:
Management is made up of shareholders with nothing to gain, like
all shareholders, until we are an income producing company, which
means we are all in the same boat.
1st:
To date we have asked for all the corporate records, books and
ledgers from past management along with all files, computers, laptops,
hard drives, etc. We have only received four boxes of paper files, an
old laser printer, fax and a phone system, not sure it's a complete
system yet.
We thought we would be able to give you an update on what happened
but we can't with what we have received so far. It will take a lot
longer to figure out if we have to start calling banks, etc. to get
our information.
2nd:
We have secured a small amount of financing from a few
shareholders, which is being directed to our supplement line. Our goal
is to start with 2 products of our 15 products and expand from there.
After careful review of our MD Solution graphics we have decided to
develop a more sophisticated Logo and Brand. The "Dr. Well series" of
product names and caricatures seems too childish for our target market
(The Baby Boomers).
3rd:
The web designer has been chosen and is already developing our
website, branding, graphics and labels. We are being told we will have
first draft of the website by December 25th.
The first two products are in production and will be ready to
launch along with our website by March 1st or sooner.
4th:
I know we have changed course from the original business plan of
past, but after reviewing everything we have received so far, I feel
it is in the best interest to become an income producing company
first, and then move forward with our drugs.
"Our supplement line will target the baby boomers and their need to
keep the active lifestyle they have come to enjoy."
The credit market crisis has limited our ability to raise funds, so
our only way to move forward was with the help of a few shareholders.
Getting our product line out there will increase shareholder value
which in turn should open up the credit market if we need it in the
future.
5th:
Again the "Cavit Goal" as a Shareholder-owned Company is to do what
the shareholders expect in these times of uncertainty: create a solid,
financially fit company which in turn will "Create a return on our
investment."
I am confident we will succeed to bring value to our company.
6th:
Looking to the future:
We hope to commit a percentage of our profits to our drug patent
development.
Management will also look at a share buyback plan, dividend or
investing our profits in this beaten down market.
Here's wishing everyone a Happy, Healthy Holiday, and a profitable
New Year!
Cavit Sciences, Inc. ("Cavit") is a biotechnology company engaged
in developing treatments and prevention for cancer, viral infections
and related diseases along with supplements for the growing
population. Additional information regarding our drug development,
supplement line and Company information is available on the Company's
website at: www.cavitsciences.com.
Statements contained herein that are not historical fact may be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934, that are subject to a variety of risks and uncertainties.
There are a number of important factors that could cause actual
results to differ materially from those projected or suggested in any
forward-looking statements made by Cavit. These factors include, but
are not limited to: (i) the ability of Cavit to successfully raise
financing, (ii) the ability of Cavit to finalize its manufacturing and
distribution facilities, and (iii) the ability of Cavit to
successfully commercialize its products in certain markets. Additional
factors that would cause actual results to differ materially from
those projected or suggested in any forward-looking statements are
contained in Cavit's filings with the Securities and Exchange
Commission, including those factors discussed under the caption "Risk
Factors" for Cavit on Form 10-K filed on April 18, 2008 and its
subsequently filed Forms 10-Q.
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Contact: Maggie Smyth Interim CEO (973) 278-7327 Cavit Sciences,
Inc. www.cavitsciences.com
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SOURCE: Cavit Sciences, Inc.
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http://www.cavitsciences.com
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