PrimeHoldings.com and Briza Technologies Estimate Revenues Under Tele Celular Sul Participacoes S.A. Agreement
25 Mars 2004 - 3:00PM
PR Newswire (US)
PrimeHoldings.com and Briza Technologies Estimate Revenues Under
Tele Celular Sul Participacoes S.A. Agreement SALT LAKE CITY, March
25 /PRNewswire-FirstCall/ -- PrimeHoldings.com, Inc. , a
diversified holding company with early-mover initiatives inthe
telecommunications, wireless auction and proprietary restaurant and
hospitality software industries, and Briza Technologies, Inc.,
which is being acquired by PrimeHoldings.com, today released
estimates of expected revenues under the Tele Celular Sul
Participacoes S.A. contract. Briza Technologies, a Hillsborough,
N.J.-based corporation whose primary business is the designing,
manufacturing and marketing of wireless credit card payment
solutions and Internet security devices, is being acquired by
PrimeHoldings.com, Inc. Tele Celular Sul Participacoes S.A., a
Brazilian digital cellular telephone company (NYSE:TSU), has a
market cap of $491.23 million and had gross revenues of $347.52
million in 2003. "Last week we signed a definitive agreementwith
Tele Celular to recharge pre-paid mobile telephones in Brazil. Tele
Celular, under the terms of the agreement, agreed to allow Briza to
market to its existing distribution network," said Thomas
Aliprandi, PrimeHoldings.com's CEO. "Now that we have evaluated the
strength of this contract and calculated the expected revenues from
it, we believe that Briza and Prime will receive revenues in excess
of $3,000,000 during this coming year," said Ivan Silva, Briza's
President and CEO. "Of course, these are estimates, but they are
based on empirical data and our own financial projections," said
Silva. "From a marketing perspective, this is a great start for
Briza in this SMS payment space because once we prove out the
business model with Tele Celular, we can duplicate this model with
many other companies and customers in South and Central America,"
said Aliprandi. "We have everything in place to take advantage of
this arrangement and bring profits to the bottom line for Briza and
Prime," said Silva. 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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