Letter from the boss...........
Shareholder Letter September 9, 2002
Letter From the CEO
Dear Valued Shareholder:
These past few months, we have kept you advised of our efforts to complete necessary procedures to render PrimeHoldings.com as a "full reporting" company. As you know, we have considered various avenues to achieve this goal, each of which varies in cost and time frame.
Needless to say, we are very excited about our prospects for the near future. As we continue our efforts to bring PrimeHoldings.com to full reporting status, we have discovered a very viable, potential opportunity to build tremendous value for our shareholders. We are currently reviewing the different aspects of developing an existing full-reporting entity from which PrimeHoldings.com shareholders would receive proportionate dividends. Should we select this route, we anticipate that many new avenues of opportunity will open up for us and for our shareholders. We are now completing work to finish necessary filings and to expand our "due diligence" with a view to spinning-off one of the divisions of the Company. Of course, as always, we will continue to provide regular updates concerning these matters.
Within the past three weeks, we have repositioned UniQuest Communications, Inc. and have had cooperative discussions with a highly-regarded NASDAQ company. In addition, we have recruited an independent sales organization with an existing customer base of over 25,000 potential customers. In line with our rapidly evolving business activities and expansion, we have relocated our offices from our Midvale location, with the bCard staff into a larger and much more economical facility in Sandy, Utah. There has been much excitement surrounding these changes. As you are probably aware, in the past, the posture of the Company has been necessarily defensive in order to survive. That posture is rapidly shifting to the offensive in preparation for flourishing business. We optimistically anticipate that UniQuest will have substantial new sales during the forthcoming week. In the meantime, bCard has launched into what we believe will be another successful season, with additional trade shows on its already demanding and diversified schedules. In summary, we believe that the forthcoming year will demonstrate an amazing come-back for PrimeHoldings.com. Based on information which we now have, we believe that PrimeHoldings.com will be self-sustaining, even after the first month of new telecom sales during the month of September. In the meantime, we will make substantial progress towards obtaining full reporting status.
It seems we have come full circle - back to the roots from which we began, and are looking forward to our future.
Sincerely,
Thomas Aliprandi
CEO
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