Guys I know you have seen this already but it is the 3rd paragraph that caught my attention. I think he's telling us that some big news is on the way!
Wednesday July 28, 7:02 am Eastern Time
Company Press Release
SOURCE: PrimeHoldings.com, Inc.
PrimeSource Changes Name to PrimeHoldings.com and Stock Symbol To OTC Bulletin Board: PRIM to Better Reflect Strategic Direction
SALT LAKE CITY, July 28 /PRNewswire/ -- PrimeSource Communications Holdings, Inc. (OTC Bulletin Board: PSCM - news), today announced that the Company's name and stock symbol are changing to PrimeHoldings.com, Inc. and OTC Bulletin Board: PRIM, respectively, to better reflect the company's strategic direction as a holding group for high-growth, Internet-related technology companies. The change is effective Wednesday, July 28, 1999.
In a recent letter to shareholders, Company President and CEO Thomas E. Aliprandi said, ''With the proliferation of the Internet and the vast number of small cap public companies in general, there has been a great deal of confusion in the marketplace and a lack of brand identity with our previous name. Additionally, the word 'Communications' in the old name vastly limited the perceived scope of our current and future business operations and activities.''
In making the announcement, Aliprandi also said, ''We continue to seek out and acquire an interest in Internet-related technology companies that complement our focus on business intelligence and electronic commerce. Much like CMGI, SoftBank Corp. and others, our intent is to acquire and manage a diverse portfolio of Internet-related companies that will yield an outstanding return on shareholder investment. A recent noteworthy example is our acquisition of bCard.net, a leader in smart card technology, which is one of several acquisitions that we expect to announce this year.''
Recently the Company also announced that the Standard and Poor's Editorial Board has approved the Company for a full description in Standard and Poor's Corporation Records and that its full description was published in Standard and Poor's Daily News Section on Monday, June 14, 1999. (See company announcement dated June 23, 1999.) Standard and Poor's has also begun financial coverage of the company as part of the S&P Market Access Program. PrimeHoldings.com's company coverage is now available on Standard and Poor's Internet Site, www.advisorinsight.com, as well as S&P Marketscope and the S&P Stock Guide databases.
About PrimeHoldings.com, Inc.
PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM - news) develops and operates Internet-related technology companies that together form a community focused on business intelligence and electronic commerce. Current PrimeHoldings.com companies include: bCard.net, a leader in smart card technologies; PrimeSourceNet, a leader in automated forms processing services; eROI, a cutting-edge provider of technology for evaluating hard-to-measure business processes such as training; and UniQuest Communications, a top agency of telecommunications reseller UniDial, Inc. For more information call 801-562-1444 or visit www.primeholdings.com.
This news release may include statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE: PrimeHoldings.com, Inc.
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PrimeSource Communications Holdings Inc (OTC BB:PSCM - news)
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