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Microcap & Penny Stocks : PRMC

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To: BG Smith who wrote (74)8/23/1999 7:35:00 PM
From: dch  Read Replies (1) of 107
 
CPR:

Monday August 23, 6:31 pm Eastern Time

Company Press Release

Prime Companies, Inc. Appoints Stephen Goodman as CFO

YUBA CITY, Calif.--(BUSINESS WIRE)--Aug. 23, 1999--Prime Companies, Inc. (OTC BB:PRMC - news) named Stephen Goodman Chief Financial Officer for the corporation and each of its subsidiaries.

Stephen Goodman has been Chief Financial Officer, Treasurer, and Director for Worldnet Tel.com Inc. since its inception in 1999. Mr. Goodman has worked in the telecommunications industry for over eight years, serving as President for both Secure Cellular, Inc. and Pagers Plus Cellular, of San Francisco, from 1992-1999. Mr. Goodman developed, structured, and negotiated the majority of the business for the company, which provides prepaid cellular telephone services, prepaid wireless services and telephone systems to both consumer and corporate customers throughout California.

Mr. Goodman was President of Contra Costa Financial Services, Inc. from 1989-1992, where he owned and managed the commercial and residential mortgage/banking firm. From 1985-1989, Mr. Goodman worked for various savings and loan companies, and from 1977-1985 he served as President of Bay Capital Corporation & House of Money. He received his BS in Economics from the University of Pennsylvania, Wharton School, in 1965, his MBA in Finance from New York University in 1969, and his J.D. from William Howard Taft University in 1995.

About Prime Companies, Inc.

Prime Companies, Inc., through its wholly owned subsidiary, Worldnet Tel.com Inc., 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 to provide LMDS (Local Multi-point Distribution Systems) to various markets. LMDS is the broadband wireless technology used to deliver voice, data, internet, and video services in the 28 GHz and higher spectrum.

Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements with the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While these statements are made to convey to the public the company's progress, business opportunities, and growth prospects, readers are cautioned that such forward-looking statements represent management's opinions.

Contact:

Prime Companies, Inc.
Norbert J. Lima, 530/674-2590
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