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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Aj-Ruk who wrote (21642)	2/25/2000 8:28:00 AM
From: Joe Copia	Read Replies (3) \| Respond to of 25711

PRMC news: Friday February 25, 7:02 am Eastern Time Company Press Release 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 - news) 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. Statements in this news release regarding Prime Companies, Inc. that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statement to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Prime Companies, Inc.'s actual results to differ materially from those described in a forward-looking statement: limited history of offering Prime Companies, Inc.'s services in its current form; history of losses; increasing competition from existing or new competitors; increased telecommunications costs resulting from the expansion of Prime Companies, Inc.'s services; rapid technological change; possible unavailability of financing as and if needed; dependence on a limited number of vendors, including without limitation third-party vendors for the provision and roll-out of the Prime Companies, Inc. broadband service; inability to achieve telecommunication cost savings through efficient hardware utilization; possible industry consolidation; and potential fluctuations in quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Prime Companies, Inc. with Securities and Exchange Commission for a discussion of these and other important risk factors. Contact: Prime Companies, Inc., Yuba City Norbert J. Lima President and CEO (530) 755-3580