Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Pivo Associates Disclaims JBZY Relationship

April 4, 2019

NEW YORK, April 03, 2019 (GLOBE NEWSWIRE) -- Richard Oravec goes on the record regarding the wild and inaccurate speculation in internet chat rooms like Investor Hub regarding himself and his company Pivo Associates, Inc. (“Pivo”). Pivo discontinued any business relationship with JB&ZJMY Holding Company (JBZY) in June of last year or with management associated with JBZY. Numerous posts, pictures and speculation have been posted suggesting that Mr. Oravec has or will resume his duties for JBZY and that he is or will be assisting new management with “corporate enhancements.”

These posts show pictures of Mr. Oravec meeting with “new” management. Although such meeting took place Mr. Oravec has no intention of returning to JBZY and the meeting was at management’s request and the circulation of such pictures was without Mr. Oravec’s approval or knowledge. Mr. Oravec continues to serve Pivo’s sole client XNWU International Group Holding Company as it transitions into the growing vape market by the recent acquisition of Nano Vape Corporation (“Nano Vape”). Under the leadership of Mel Ehrlich, Ph.D., Nano Vape has filed a patent application for a vaping device that has neither lithium batteries nor a heating element thus addressing some the concerns raised about vaping by the FDA and others.

Legal Disclaimer

This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management’s plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management’s control.

Contact InformationRichard Oravec Investor Relations (212) 924-3548 info@pivoassoc.com