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Microcap & Penny Stocks : PRMC

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To: Steven Seefeldt who wrote (100)2/25/2000 9:26:00 AM
From: MicroKing  Read Replies (1) of 107
 
Prime Companies Announces Filing of an Application for CLEC Status in the State of Pennsylvania

YUBA CITY, Calif.--(BUSINESS WIRE)--Feb. 25, 2000--Prime Companies, Inc. (OTC BB: PRMC) reports that it is filing an application for Competitive Local Exchange Carrier (CLEC) status in the state of Pennsylvania.

Prime Companies reports that its wholly owned subsidiary LMDS Communications, Inc. is applying for Competitive Local Exchange Carrier (CLEC) status in Pennsylvania. Once granted, CLEC status will allow LMDS Communications, Inc. the ability to provide traditional telecommunications services and be connected to the Public Switched
Telephone Network (PSTN).

About LMDS COMMUNICATIONS, INC.:
LMDS Communications, Inc. is a Delaware company a wholly owned subsidiary of PRIME COMPANIES INC. LMDS Communications Inc. obtained LMDS licenses at the 1999 Federal Communications Commission auction and is now preparing to deploy broadband wireless services such as high speed internet access, (POTS) plain old telephone service, high speed data, video conferencing and wireless cable TV. The CLEC status will further enable LMDS Communications, Inc. to connect to the Public Switched Telephone Network (PSTN).

About PRIME COMPANIES, INC.:

Prime Companies, Inc., through its wholly owned subsidiaries currently provides telecommunications services to both commercial and consumer customers throughout the U.S., with its primary focus on the California market. The services offered include prepaid telecommunications, interconnect, paging and voicemail services. The Company intends through
its wholly owned subsidiary LMDS Communications, Inc. to provide LMDS (Local Multipoint Distribution Services to various markets. LMDS is the broadband wireless technology used to deliver voice, data, internet and video conferencing in the 28 GHz and higher Spectrum.
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