PrimeHoldings.com Inc (fka PRIM)

[skunksyard]

***NEWS*****

http://biz.yahoo.com/prnews/040326/nyf055_1.html

Press Release Source: PrimeHoldings.com, Inc.


PrimeHoldings.com and Target Communications, LLC Announce New Corporate Office and Acquisition of New Customer
Friday March 26, 12:20 pm ET


SALT LAKE CITY, March 26 /PRNewswire-FirstCall/ -- PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM.PK - News), a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software and Target Communications, LLC, its joint venture partner, today announced the formation of its corporate headquarters and the acquisition of several new clients.
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"Initially, we did not expect our joint venture telecommunications business to take off so quickly, but the events of the past week forced us to accelerate our plan. Consequently, we decided to establish our corporate headquarters in Boca Raton, Florida, as South Florida is a perfect location from which to direct our international telecommunications business, commencing in Mexico and Central and South America," said Thomas Aliprandi, PrimeHoldings.com's CEO. "We plan to make further enhancements to our technical operations center in Houston, Texas also in the ensuing weeks to help mange the increase of international telecom traffic," said Aliprandi.

"Additionally, we have secured contracts with several large telecom clients and testing is currently underway and progressing very well. Based upon representations from these clients, the telecommunications traffic which will be handled by Target's network represents tens of millions of minutes monthly and revenues in the hundreds of thousands. These new clients accelerate our business plan much faster that anticipated, but since Target is a facilities based telecom company, it can easily handle the additional traffic," concluded Aliprandi.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act

of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.