PRIM PrimeHoldings.com and Target Communications, LLC Add Four New Cities to Telecommunications Network
Wed Apr 07 13:20:00 2004 EST
SALT LAKE CITY, Apr 7, 2004 /PRNewswire-FirstCall via COMTEX/ --
PrimeHoldings.com, Inc.
(OTC: PRIM), 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 addition of 4 new cities to its
telecommunications network in Mexico.
This week, Target completed another phase of its network expansion
strategy. With the addition of 4 additional cities to the existing network in
Mexico -- Tampico, Tuxtla Gutierrez, Villahermosa and Guanajuato -- the
company's product offering continues to become significantly more appealing to
its target telecommunications market. These four new destinations will be
able to process approximately 2.4 million minutes of long distance voice and
data traffic generating about $60,000 per month in additional revenues.
"Although I have been involved in various aspects of telecommunications
for quite some time, I was unprepared for the daily, consistent, and exciting
growth that this business can realize when the right people run a facilities
based telecom company," said Thomas Aliprandi, PrimeHoldings.com's CEO. "It
seems that every day there is great news that eclipses the previous day's good
news. With the addition of these 4 Mexican cities, our coverage expanded
significantly in Mexico. The projected $720,000 of annual revenue will
greatly enhance the base of revenue currently being generated by the company,"
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.
SOURCE PrimeHoldings.com, Inc.; Target Communications, LLC
Tom Aliprandi of PrimeHoldings.com, +1-801-755-6859, or
ir@primeholdings.com
(PRIM)
