PRESS RELEASE -
Novenber 20, 2008
CAVIT SCIENCES,
INC. ANNOUNCES Update To Shareholders
Maggie Smyth,
Interim CEO
info@cavitsciences.com
www.CavitSciences.com
Paterson, NJ,
Novenber 20,2008—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
Effective November 14, 2008, I have been elected as Interim CEO of
Cavit in order to move our Company forward.
Effective November 14, 2008, the corporate headquarters and related
facilities of Cavit are located in Paterson, NJ.
Once I have received and reviewed all of Cavit's corporate records
and information, I will address all concerns and determine the best
course of action for the Company and its shareholders. The Board of
Directors and I will review and determine what needs to be done to
become a financially viable Company.
I plan to answer your questions and concerns with a press release
to be distributed within the next 30 days.
To get things started, I will not take a salary until the Board of
Directors deems the company financially fit.
In addition, there will be no rent charged to the Company for its
corporate offices, warehousing, distribution and fulfillment center
until the Board of Directors deems the company financially fit.
The above changes are effective immediately.
I truly believe with hard work and the help of others we can make
this Company a profitable endeavor for all shareholders.
Cavit Sciences, Inc. ("Cavit") is a biotechnology company engaged
in developing treatments and prevention for cancer, viral infections
and related diseases. 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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