PrimeHoldings.com Announces First Week's Revenues of Joint Venture Partnership With Target Communications, LLC
March 25 2004 - 12:31PM
PR Newswire (US)
PrimeHoldings.com Announces First Week's Revenues of Joint Venture
Partnership With Target Communications, LLC SALT LAKE CITY, March
25 /PRNewswire-FirstCall/ -- PrimeHoldings.com, Inc. , a
diversified holding company with early-mover initiatives inthe
telecommunications and wireless auction space, and proprietary
restaurant and hospitality industries software, today announced its
joint venture partner, Target Communications, LLC's first week's
revenues. "Because Target Communications is a facilities based
telecommunications company, and because its principals commenced
operations with the right client base and contacts, it has
trafficked over 1,000,000 minutes of long distance, primarily in
two Mexican cities, the first week of business. This equates to
approximately $15,000 in gross revenues," said Thomas Aliprandi,
PrimeHoldings.com's CEO. "If business were to remain static for the
next 12 months, this will result in approximately $780,000 in
revenues. However, Target's business is anything but static; we
believe that business will grow, if not exponentially, consistently
and significantly every month for the next 12 months," said
Aliprandi. "We are excited to watch this business gain momentum
every day. We, at Prime, understand telecommunications and we are
glad to be involved with a company that knows how to build and
profit daily from telecom. I am anxious to begin reporting constant
and increasing revenues to our shareholders," said 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
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