SIS Update

PrimeHoldings.com, Inc (PMHJ)

CEO Announcements

04/17/2006

Dear Thomas Aliprandi:

Mr. Aliprandi, I asked questions about 2 weeks ago. I did not save the exact text but to paraphrase: The stock price has contiued to plummet without closure of the Target changes and with no updates on the new activities related to the oil industry. We the longs, are surprised, that this is not a no bid stock. That is something to be avoided since it is very difficult for a stock to get its "legs" back. So, the questions is- When can we expect the Target changes to become reality and an update on Prime's oil patch activities? Thank you, Fuge
Sincerely,

Dear Fuge,

I understand and agree with your thoughts. My biggest challenge is that I have to personally and privately fund any Target changes without the use of the 504 exemption. The way PMHJ has raised capital over the years is no longer available to build our business. Thus, it is a challenge to raise capital to place into oil reserves and leases without the use of public shares. There are as much reserves as money can buy available to us. Prime has no ability to use its public product (shares) to raise such funds. According to the old exemption we have had more than $1 million available to us for quite some time now. Presently, that has no relevance since the 504 is gone. I remain confident that with a little time, like in the past, I can regroup and use other means. If you need more detail please keep asking questions via SIS so that I may publicly answer.

Kindest regard,

Tom