Prime is well positioned Prime Holdings (PMHJ) Share Holders to Receive Equity Dividend |
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Shareholders to Receive Projected $4.5M Stock Dividend in New Corporation SALT LAKE CITY--(BUSINESS WIRE)--Dec. 7, 2005 --PrimeHoldings.com Inc. (Pink Sheets: PMHJ - News ; the company), formerly a diversified holding company with early-mover initiatives in the telecommunications, and proprietary restaurant and hospitality industries, today announced that the management of Target Communications is preparing for its initial quotation on the Pink Sheets. Concurrently, the new entity will begin the process to become fully reporting under the Securities Act of 1933. Current shareholders will receive a proportional equity stake in the new entity as a stock dividend. Shareholders to Receive Projected $4.5M Stock Dividend in New Corporation SALT LAKE CITY--(BUSINESS WIRE)--Dec. 7, 2005--PrimeHoldings.com Inc. (Pink Sheets: PMHJ - News ; the company), formerly a diversified holding company with early-mover initiatives in the telecommunications, and proprietary restaurant and hospitality industries, today announced that the management of Target Communications is preparing for its initial quotation on the Pink Sheets. Concurrently, the new entity will begin the process to become fully reporting under the Securities Act of 1933. Current shareholders will receive a proportional equity stake in the new entity as a stock dividend. "The proper capitalization of Target Communications, LLC will allow PrimeHoldings to focus on our new objective, of securing additional assets, leases and opportunities in the Energy sector." About the Company-PMHJ: OTC Pink Sheet Prime is positioned to continue its pattern of acquiring, managing and cross marketing a variety of high quality and dynamic companies whose business or asset base mesh well with Prime’s current portfolio and can benefit from Prime’s management and marketing expertise. Prime is well positioned to capitalize on the explosive growth of electronic commerce and all other potentially profitable opportunities. Prime intends to acquire and manage a diverse portfolio of businesses that will yield an outstanding return on shareholder investment. Prime is also looking to add to its portfolio other cutting-edge Internet-based companies over the next year. This will allow for Prime to leverage technologies and services to provide explosive growth in their diversified holdings. PrimeHoldings.com is intent on acquiring and managing a diverse portfolio of e-commerce businesses that will yield an outstanding return on shareholder investment. PrimeHoldings.com is also looking to add to its portfolio other cutting-edge Internet-based e-commerce companies over the next year. This will allow for PrimeHoldings.com to leverage technologies and services to provide explosive growth in their diversified e-commerceholdings. The Company has a unique opportunity to capture a large percentage of terminating long distance traffic in Mexico, Latin America and other foreign countries. The Company has the management personnel, the collective industry experience, industry specific relationships and the infrastructure to commence and grow a large international telecommunications company very quickly with significant revenues and enviable net revenues. Prime is in position to generate significant revenues in the next 12-month period and will add to its base of partners, subsidiaries as opportunities arise and the market allows. |
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Looking at this stock we see an exciting mometom and technical play. On Sep. 16th the stock hit .009 and in Aug 1st the stock saw the .002 level with and increase in volume. We believe this stock could return back to these levels. From where the stock is now that would be well over a 300% return. This is why we are so excited about this stock. The companies has found direction and is poised to make the right moves. |
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