PrimeHoldings.com Inc (fka PRIM)

[Investolator]

PrimeHoldings.com Announces Acquisition of 264 New Busboy Technologies' Customers at HITEC Show
TUESDAY, JULY 06, 2004 8:02 AM
- PR Newswire

PRIM
0.0017 +0.0002

SALT LAKE CITY, Jul 6, 2004 /PRNewswire-FirstCall via COMTEX/ -- PrimeHoldings.com, Inc. (PRIM) , a diversified holding company with early-mover initiatives in the telecommunications and proprietary restaurant and hospitality industries software, and its subsidiary, Busboy Technologies, today announced the acquisition of 264 new customers at the HITEC hospitality show in Dallas this past weekend.

"We used the premier hospitality show, HITEC, to launch our Busboy suite of products. The response was overwhelming!" said Spencer Taylor, Busboy's President. "We expected to sign up 20 or 30 new customers, but our booth overflowed all weekend with club and restaurant owners looking for better software management products solutions to help run their businesses. By the end of the show, we signed up 264 new customers."

"Demand for our products at the HITEC show exceeded even our most optimistic projections," said Thomas Aliprandi, PrimeHoldings.com's CEO. "We knew there was a need in the hospitality and restaurant industries for customized software management tools to help these businesses run more cost efficiently-but the number of customers that we signed up exceeded the high end of our sales targets by nearly 800%," said Aliprandi.

"With this kind of immediate success at the HITEC show, we have set higher expectations for customer acquisition at the Western Food Expo in Los Angeles later this summer and the FSTEC show in Orlando in October," added Taylor.

"Our financial projections show Busboy Technologies financially self-sufficient with positive revenues with 54 paying customers. We planned to achieve this goal by the first quarter of 2005, but we are now clearly well positioned to reach this milestone sooner," 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.

CONTACT: Tom Aliprandi of PrimeHoldings.com, Inc., [phone],
[e-mail]

SOURCE PrimeHoldings.com, Inc.; Busboy Technologies, Inc.

Tom Aliprandi of PrimeHoldings.com, Inc., [phone] or
[e-mail]

http://PrimeHoldings.com

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