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PrimeHoldings Announces Raise of Up to $1 Million


SALT LAKE CITY, Aug. 9 /PRNewswire/ -- PrimeHoldings.com, Inc. (OTC: PRIM), a holding company for high-growth electronic commerce and wireless data transmission businesses, today announced plans to raise up to $1 million through a favorable funding arrangement with Premier Equities Europe S.L.

"This bridge funding arrangement allows us to proceed with the uninterrupted expansion of our business," explained Tom Aliprandi, CEO of PrimeHoldings. "We expect this move to ensure our ability to reach profitability on an operating basis."

"We have worked diligently with PrimeHoldings to set up an ideal funding arrangement," added Lawrence Hill, partner at Premier Equities Europe S.L. "This funding will immediately enable PrimeHoldings to achieve the capitalization required for long term growth."

The company plans to issue restricted shares to accredited investors committed to the growth of bCard and TimeMarker, the company's flagship subsidiaries.

In other corporate developments, TimeMarker is currently finalizing its selection of a CEO to lead the subsidiary. Meanwhile, bCard continues to deploy aggressively having closed several major client wins this quarter.

About PrimeHoldings.com, Inc.

PrimeHoldings.com, Inc. is a holding company for high-growth electronic commerce and wireless data transmission businesses. bCard, Inc., a subsidiary of PrimeHoldings, is a leading provider of smart card information management systems. PrimeHoldings recently acquired TimeMarker, Inc., an emerging developer of wireless Internet exchange technology enabling location-based, dynamic pricing of time-perishable goods and services. For more information, call 801-562-1444 or visit www.primeholdings.com.

This news release may include statements, which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.

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SOURCE PrimeHoldings.com, Inc.

CO: PrimeHoldings.com, Inc.; Premier Equities Europe S.L.; bCard, Inc.

ST: Utah

IN: FIN OTC CPR ECM MLM TLS

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