PrimeHoldings.com and Target Communications Announce Increase in Traffic/Revenue and New Client Acquisition
March 30, 2004
PrimeHoldings.com, Inc. (OTC: PRIM.PK), 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 a significant increase in telecommunications traffic handled by Target's network.
Telecommunications traffic for the most recent two-day weekend (27th and 28th of March) increased by over 20% versus the previous weekend. Target's network processed 571,008 minutes versus 473,516 minutes the previous weekend. Consequently, revenues have remained on track with the increase in traffic.
'The sharp week-to-week growth suggests that there is pent-up demand for our services,'said Thomas Aliprandi, PrimeHoldings.com's CEO.
In addition, the joint partners have closed another sizable contract to handle traffic to key cities in Mexico, including: Mexico City, Guadalajara, Monterrey, Puebla, Queretaro, Aguascalientes, Chihuahua, Nuevo Laredo, Ciudad Juarez, Durango, Leon, San Luis Potosi, Saltillo, Toluca, Tijuana, Torreon, and Zacatecas.
'We are very excited about the brisk pace of new client wins and expect the trend to continue,'added Mr. Aliprandi. 'As a facilities-based telecom company, Target offers an infrastructure that can easily handle tens of millions of minutes every month and has attracted request for proposals from Tier One telecommunications companies looking to expand into Latin America.'
'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.
