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PMHJ - PrimeHoldings.com and Target Communications, LLC Boast Single-Day Revenue Record; Annualized Revenues on Track to Reach $2.0 Million by Year-end
9/14/2004 11:42:00 AM

SALT LAKE CITY, Sep 14, 2004 (BUSINESS WIRE) -- PrimeHoldings.com, Inc. (BULLETIN BOARD: PMHJ.PK), a diversified holding company with early-mover initiatives in the telecommunications and proprietary restaurant and hospitality industries and Target Communications, LLC, its joint venture partner, today announced record results for a single day.

Target Communications reported revenues of $6084.07 and a total of 567,570 minutes billed for its telecommunications carrier service on Sunday, the 12th of September, 20004. Previously, Target Communications reported a surge in international traffic with revenues topping $115,000 on over 10.8 million minutes for the month ending August 31, 2004.

"At our current rate of progress, we are very confident about reaching our goal of $2.0 million in annualized revenues by the end of the calendar year," said Thomas Aliprandi, PrimeHoldings.com's CEO.

"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.

PrimeHoldings.com, Inc.
Tom Aliprandi, 801-755-6859
[e-mail]


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