That was Quik..........

PrimeHoldings.com and Target Communications, LLC, Enter LOI to Acquire New Public Company; NQB-Listed Company Identified to Execute Target's Business Plan
Sep 15, 2005 1:18:00 PM
Copyright Business Wire 2005
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.

Source: PrimeHoldings.com Inc.



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