PrimeHoldings.com Announces Joint Venture Partnership with Target Communications, LLC Wednesday March 24 2:15 pm ET SALT LAKE CITY, March 24 /PRNewswire-FirstCall/ -- PrimeHoldings.com, Inc. (BULLETIN BOARD: PRIM.PK) , a diversified holding companywith early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software, today announced that it signed a joint venture partnership with Target Communications, LLC, a facilities-based telecommunications company focusing on international voice and data communications, with offices in Boca Raton, Florida and Houston, Texas. "I mentioned in my last two shareholder letters, posted on our website, that an opportunity recently became available for Prime to form an alliance with a facilities-based long distance telecommunications company. This opportunity came to fruition approximately two weeks ago and we completed a joint venture agreement with Target Communications, LLC.," said Thomas Aliprandi, PrimeHoldings.com's CEO. "Target's principals have many years of successful experience in the telecommunications industry. Target's initial long distance business is in Mexico and Latin America. Target commenced communications traffic last Friday and it has grown every day, generating revenues literally in its first minutes of operation," said Aliprandi. "The international telecommunications industry is a multi-billion dollar business and we believe, with the depth and breadth of Target's principals' contacts, that we can capture a significant percentage of this dynamic and ever-growing business," concluded Aliprandi. "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. DATASOURCE: PrimeHoldings.com, Inc. CONTACT: Tom Aliprandi of PrimeHoldings.com, +1-801-755-6859, or Web site: http://www.primeholdings.com/

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