Telecom Again!

PrimeHoldings.Com Completes Due Diligence

Wednesday November 15, 10:58 AM EST

SALT LAKE CITY, Nov 15, 2006 (BUSINESS WIRE) -- PrimeHoldings.Com, Inc. (Pink Sheets:PMGJ), a diversified holding company with early mover initiatives in the oil and gas and telecommunications industry, today announced it has completed its due diligence subsequent to the previously executed letter of intent and has confirmed that the representations made by the company are accurate, truthful, and complete. Of special interest and discovered during its investigation, Prime has confirmed that the company's substantial telecommunications network is in fact capable of substantially exceeding the previously stated annual revenue capacity of $24M.

"The company has no significant debts or liabilities, making this opportunity an excellent vehicle to generate significant revenues for PrimeHoldings and its shareholders," stated Thomas Aliprandi, CEO of PrimeHoldings.Com. "The most exciting aspect of this acquisition is that it provides us immediate access to world-class network infrastructure while allowing us to generate revenues from day one without the burden of the typical startup costs," Aliprandi continued.



More information about PrimeHoldings.Com can be found at http://www.stockinformationsystems.com/c/PMGJ/index.html.

"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.

CONTACT: PrimeHoldings.Com, Inc. Thomas Aliprandi, 801-755-6859

Copyright Business Wire 2006