Yet More News....

news....PrimeHoldings Board to Determine Stock Dividend Program; Executive, Advisory Boards to Meet for Formal Decision
9/16/2005 1:16:01 PM

SALT LAKE CITY, Sep 16, 2005 (BUSINESS WIRE) -- PrimeHoldings.com Inc. (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 their executive and advisory boards are scheduled to meet in Salt Lake City on Saturday, Sept. 17, 2005. The main topic of discussion will be to address issuance of a new dividend of common shares to its current shareholders, the ratio of the dividend, and the effective date. The company will also be conducting discussions regarding the announced Letter of Intent with a new publicly traded company to merge with Target Communications, LLC. "The issues at hand really are all about proper equity distribution in the new public company and making sure that our current shareholders are in the best possible position to protect their investment. The additional dividend is a mechanism to reward our shareholders for their continued faith in our company," stated Thomas Aliprandi, PrimeHoldings' 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., Salt Lake City
Thomas Aliprandi, 801-755-6859
ir@primeholdings.com


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