EAST FARMINGDALE, N.Y.--(BUSINESS WIRE)--August 5, 1999--(OTC BB
PMMI) Prime Marketing, Inc. a complete food management company is
pleased to announce several upgrades to their premier on-line
specialty grocer www.foodsoftheworld.net. The upgrades include new
graphics and several new categories including affiliates, gifts and
specialty recipes. Prime Marketing initially launched
FoodsoftheWorld.Net in late June, with the foods of Italy.The site
sells specialty and ethnic foods on-line, a niche market that the
company feels can grow into a very significant business. Products are
delivered nationwide to customer's doorsteps. Plans include, as the
name implies, to feature foods from all over the world, new countries
are currently under development.
The on-line grocery business is one of the fastest growing
segments of e-commerce, many Internet leaders are vying to get
involved with a premier on-line grocer. Peapod (NASDAQ-PPOD-news) an
industry leader has seen their stock flourish, Amazon
(NASDAQ-AMZN-news) the leading on-line bookseller has recently
invested 10's of millions of dollars to acquire a 35% stake in
Homegrocer.com. Many industry analyst anticipate market leaders such
as Microsoft (NASDAQ-MSFT-news), Yahoo (NASDAQ-YHOO-news), Excite@Home
(NASDAQ-ATHM-news), America On-line (NYSE-AOL-news) and many others to
explore the on-line grocery business.
Prime Marketing additionally noted that their wholly owned pizza
division, Sicilian Crust, Inc., www.siciliancrust.com is doing
extremely well, and that the strong growth is expected to continue.
On another note, Prime Marketing, Inc. announced that its
commitment to achieve full compliance with the recently adopted OTCBB
Eligibility Rule is proceeding on schedule. A full financial audit by
an independent Accounting firm is underway, and Prime Marketing looks
forward to being fully reporting well ahead of the SEC imposed
deadline.
Note: Any statements released by Prime Marketing, Inc. that are
forward looking are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Editors and
investors are cautioned that forward-looking statements involve risks
and uncertainties that may affect the company's business prospects and
performance. These include, but are not limited to, economic,
competitive, governmental, technological, and other factors discussed
in the statements.
--30--jp/ny* sw/ny
CONTACT: Prime Marketing, Inc.
Frank Burnside, President, 516/293-7858
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