PMHJ.0003 news:Cap $150K PrimeHoldings.com and Target Communications, LLC, Enter LOI to Ac
uire New Public Company; NQB-Listed Company Identifie
PrimeHoldings.com and Target Communications, LLC, Enter LOI to Acquire New Publi
Company; NQB-Listed Company Identified to Execute Target's Business Plan
Business Editors
SALT LAKE CITY--(BUSINESS WIRE)--Sept. 15, 2005--
PrimeHoldings.com Inc. (OTCBB: PMHJ), 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 it has
entered into a letter of intent to acquire a new publicly traded
company, listed on the National Quotation Bureau on an "Unsolicited"
basis. This acquisition, when completed, will provide Target
Communications, LLC, the vehicle and opportunity to execute the next
phase of its business plan to become a stand-alone public company.
Current PrimeHoldings shareholders will receive a proportional equity
stake in the new entity.
"This proposed scenario will better position Target
Communications, LLC, to be properly funded to execute on its lofty
revenue goals. Additionally, it will put the PrimeHoldings'
shareholders in a better position to recoup their share value," said
Thomas Aliprandi, PrimeHoldings' CEO.
For additional information about PrimeHoldings.com, go to
www.stockinformationsystems.com and search for PMHJ.
"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.
KEYWORD: NORTH AMERICA UTAH UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE TELECOMMUNICATIONS MERGER/ACQUISITION
SOURCE: PrimeHoldings.com Inc.
CONTACT INFORMATION:
PrimeHoldings.com Inc., Salt Lake City
Thomas Aliprandi, 801-755-6859
ir@primeholdings.com
*** end of story ***
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