The Dilution-SOLUTION!

"The terms of the acquisition remain undisclosed."

Any one want to start a pool on how many "X" millions of shares were used in this purchase?

-- IMHO --

Gee I Wonder How We Paid?

Link: http://money.iwon.com/jsp/nw/nwdt_ge.jsp?news_id=cmt-024b9734&feed=cmt&date=20070124

PrimeHoldings.Com Completes Acquisition

Wednesday January 24, 11:06 AM EST

SALT LAKE CITY, Jan 24, 2007 (BUSINESS WIRE) -- PrimeHoldings.Com, Inc. (Pink Sheets:PMGJ), a diversified holding company with early mover initiatives in the oil and gas and telecommunications and other strategic industries, today announced it has completed the acquisition of Shoot the Hoop, Inc., a sports entertainment corporation, www.shootthehoop.com, subsequent to the previously completed due diligence process. The terms of the acquisition remain undisclosed.

"This acquisition will provide us with a strong entry into the national sports venue marketplace," stated Thomas Aliprandi, CEO of PrimeHoldings.Com. During the due diligence process, we were delighted to be so well received by the multiple venue operators and associations," 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 2007

More on the Corrupt Market

http://www.thesanitycheck.com/Home/tabid/36/Default.aspx

News

link: http://money.iwon.com/jsp/nw/nwdt_ge.jsp?news_id=cmt-009b0072&feed=cmt&date=20070109

PrimeHoldings.Com Completes Due Diligence

Tuesday January 9, 10:48 AM EST

SALT LAKE CITY, Jan 09, 2007 (BUSINESS WIRE) -- PrimeHoldings.Com, Inc. (Pink Sheets:PMGJ), a diversified holding company with early mover initiatives in the oil and gas, telecommunications and other strategic industries, 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. Prime will acquire a significant equity position in Shoot the Hoop, Inc., a sports venue entertainment corporation, www.shootthehoop.com. The acquisition is expected to be finalized within the next week.

"Shoot the Hoop, Inc. has no significant debts or liabilities," stated Thomas Aliprandi, CEO of PrimeHoldings.Com. "This acquisition will provide us with a strong entry into the national sports venue marketplace with an already proven and successful business model," continued Aliprandi.



More information about PrimeHoldings.Com can be found at www.stockinformationsystems.com.

"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., Salt Lake City

Thomas Aliprandi, 801-755-6859


Copyright Business Wire 2007

The Deal is Real....

I was wrong. Someone from Shoot the Hoop got back to me promptly:

"Lee Kaplan <<>>
Wednesday, January 3, 2007 3:57:18 PM
To:fugeguy@yahoo.com

Don,

We are very excited about the acquisition. Watch for further press releases!


Lee Kaplan
Shoot The Hoop Inc.
www.shootthehoop.com
PO Box 23481
Federal Way, WA 98093
PH: (253) 835-xxxx
Fax: (707) 222-xxxx
Mobile1: (253) 221-xxxx
Mobile2: (253) 709-xxxx

-----Original Message-----
From: Don [mailto:fugeguy@yahoo.com]
Sent: Wednesday, January 03, 2007 12:04 PM
To: info@shootthehoop.com
Subject: Prime Holdings Merger

To Whom it May Concern,

Do you have any comments on the recently annouced acquisition by Prime Holdings (PMGJ)?

See link:

http://money.iwon.com/jsp/nw/nwdt_ge.jsp?news_id=cmt-003b5755&feed=cmt&date=20070103

Is this a cash or stock deal?

Any information you could provide would be appreciated.

Thank you,

fugeguy

fugeguy@yahoo.com"

Hopefully this is the beginning of a new era of openness at Prime but seeing will be believing for me.

Shoot the Hoop Link

http://www.shootthehoop.com/

Hopefully this is the right one.

I sent them an email seeking comments but do not expect a reply.

News

Link: http://money.iwon.com/jsp/nw/nwdt_ge.jsp?news_id=cmt-003b5755&feed=cmt&date=20070103

CORRECTING and REPLACING PrimeHoldings.Com Signs LOI to Acquire Equity Stake in

Shoot the Hoop

Wednesday January 3, 11:10 AM EST

SALT LAKE CITY, Jan 03, 2007 (BUSINESS WIRE) -- Reissuing release to change the ticker symbol for searching purposes.

The corrected release reads:

PRIMEHOLDINGS.COM SIGNS LOI TO ACQUIRE EQUITY STAKE IN SHOOT THE HOOP

Due Diligence to Commence Immediately

PrimeHoldings.Com, Inc. (PMGJ), a diversified holding company with early mover initiatives in the oil and gas, telecommunications and other strategic industries, today announced it has entered into a letter of intent to acquire a significant equity position in Shoot the Hoop, Inc., a sports venue entertainment corporation, www.shootthehoop.com. The contract is expected to be finalized within the next thirty days.

"With the pending capitalization opportunities we feel this potential acquisition provides a strong entry into the national sports venue marketplace," stated Thomas Aliprandi, CEO of PrimeHoldings.Com.

"Shoot the Hoop, Inc. is a leading provider of unique and proprietary (patent pending) revenue generating solutions for sport venues across the country and internationally for sports organizations at any level. Shoot the Hoop has also been used effectively as a fundraiser and promotional tool that actually increases other revenue sources such as vending, advertising and organizational promotions," Aliprandi added.

More information about PrimeHoldings.Com can be found at www.stockinformationsystems.com.

"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., Salt Lake City

Thomas Aliprandi, 801-755-6859

Copyright Business Wire 2007

Free L2

http://www.allstocks.com/html/free_level_2_pink_sheet_stock_.html

Links (Some old)

Prime's site: http://primeholdings.com/

Target's Site: http://www.targetusa.net/ (DOA)

Busboy's Site: http://www.busboytech.com/index.shtml (DOA)

An oil DD link to look at: http://barnettshaleholdings.com/main/index.htm

And the oil lease (Hartoin-Walker Lease) exists: http://www.rrc.state.tx.us/divisions/og/uic/water/wat09-w3.htm

Raging Bull PMHJ Board: http://www.ragingbull.lycos.com/mboard/boards.cgi?board=PMHJ

I*Hub Board: http://www.investorshub.com/boards/board.asp?board_id=4277

Alexander Lindale: http://www.myotcbb.net/html/clients.html (I can still smell 'em-IMHO)

Allstock PMHJ Board: http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=12;t=000398;p=0

Site Where PMGJ's CEO can be asked questions (if he ever sets it up): http://www.stockinformationsystems.com/c/PMGJ/index.html

SEC filings for Prime: http://www.sec.gov/cgi-bin/browse-edgar?company=primeholdings&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

Charts: http://stockcharts.com/gallery/?pmgj

Reference site on the subject of N.S.S: http://www.investigatethesec.com/

Great Video

http://www.businessjive.com/nss/darkside.html

Compliments of I*Hubber Zardiw....