PR with Dividend Details

PrimeHoldings Announces Stock Dividend Record Date; PrimeHoldings' Shareholders as of Oct. 14, 2005, Will Receive 10% Share Dividend

SALT LAKE CITY--(BUSINESS WIRE)--Sept. 27, 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 that the company will issue a 10% stock dividend to its shareholders as of Oct. 14, 2005.

The dividend plan has been filed with Nasdaq and the ex-dividend date has been determined. The record date for the stock dividend is Oct. 14, 2005, with an anticipated distribution date of Oct. 21, 2005. Only shareholders of record on the ex-dividend date will be eligible for the dividend.

"This equity distribution will reward our shareholders for their continued faith in our company and will effectively prevent any further short-selling and make it necessary for current short positions to cover prior to the record date," explained Thomas Aliprandi, CEO of PrimeHoldings.

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.


CONTACT: PrimeHoldings.com Inc., Salt Lake City
Thomas Aliprandi, 801-755-6859
ir@primeholdings.com