PrimeHoldings.com and Target Communications, LLC Announce Target's First 10-Day's Revenues
PrimeHoldings.com, Inc. (OTC Bulletin Board: 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 revenues for the first 10 days of Target's operation.
'When we began operations 10 days ago, we believed that we would be able to chart our revenues'course for the next year based on how we performed during this first 10-day period. Results have far exceeded our expectations,' said Thomas Aliprandi, PrimeHoldings.com's CEO. 'Revenues for the first 10 days were $30,843, equating to over $3,000 per day, from the day we opened our doors. If our business remains constant and we do not bring on any more business from this point forward, we will realize revenues in excess of $1,000,000 this year. Based on how fast we have grown, we will now revise our business plan to account for explosive growth-not steady growth,'said Aliprandi.
'Obviously, our business will not remain level and we will exert our efforts to add new business and additional traffic every week. If our performance thus far is a reflection of our future business, we will have a very profitable year in 2004,'said 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.
