Prime Time Group (PRTH)

[furthur72]

Prime Time Group Inc. (PRTH) to Order NOBO List



Last Update: 2:45 PM ET Aug 8, 2007


FORT LAUDERDALE, FL, Aug 08, 2007 (MARKET WIRE via COMTEX) -- Prime Time Group Inc. (PINKSHEETS: PRTH) management is in the process of ordering a current Non Objecting Beneficial Owners list (NOBO list) from ADP Investor Communications. The NOBO list shows a more complete and comprehensive shareholder profile than is typically available on a shareholder list provided by the transfer agent. In addition, management will order Depository Trust Corporation (DTC) reports for further examination. Both lists will be utilized to uncover possible short positions.
The NOBO list will be used to determine the naked short positions in Prime Time Group, Inc. common stock. The NOBO list will be compared to the reports from the DTC which contains data regarding all brokers and amounts of shares being held for investors. These lists will be used to get a total amount of shares owned by all shareholders and any naked short positions. The finding will then be reported to the NASD (National Association of Securities Dealers) to take action against the violators of the naked short regulations.
The company would like to advise the shareholders to ensure their accounts have not lent out their stock without he shareholders' knowledge and consent. Shareholders are also advised to ask their broker's compliance department if any of their stock position has been loaned to potential short sellers and how to prevent this from happening.
Our corporate advisors and legal parties have agreed that we must take action against suspected naked short selling of its or anyone's securities in the marketplace. The company will take all necessary action to protect its shareholder's investments.
ABOUT PRIME TIME GROUP INC.
Prime Time Group (PINKSHEETS: PRTH) ( www.PrimeTimeStores.com) is a forward-thinking company that has interests in wireless products and services for today's youth market. By using retail, wholesale and internet delivery channels, the company has found unique ways to deliver the phones, accessories, mobile media and mobile games that are desired by a growing marketplace. In doing so it has established relationships with carriers such as Virgin Mobile, Fido, Sprint, as well as its own line of products such as Cherry Red Accessories and content. E-commerce division is online and will be announced shortly. Prime Time Group also has interests in the retail oil and gas, convenience store, and automotive sectors, in which; Wheel Workz, Inc., being one of the latest ventures for the company. All of which are complimentary.
Prime Time growth through acquisitions in diverse industry sectors is intended to develop a synergistic conglomerate of individual businesses which can benefit by each others market exposure. Each division and sector will utilize the others geographic locations and customer base to quickly boost the revenue and achieve immediate access to a broader customer base.
PR-7, Inc., the exclusive master Franchise of the largest Convenience store chain in the World for Puerto Rico and the Caribbean, operates 14, 7-Eleven convenience stores in San Juan, Puerto Rico. Prime Time maintains its interest in PR-7, Inc.
Legal Notice Regarding Forward Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
For further information contact: Prime Time Group Inc. (For Corporate Information) Visit: www.primetimestores.com Contact Investor Relations: Johnny Ray Arnold 561-674-5866 [e-mail]
SOURCE: Prime Time Group Inc.
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