To: LANCE B who wrote (107539 ) 7/12/2002 8:51:44 AM From: Joe Copia Respond to of 150070 B: PrimeHoldings Engages HJ & Associates For Company Audit SALT LAKE CITY, UT, Jul 11, 2002 (INTERNET WIRE via COMTEX) -- PrimeHoldings.com (OTC: PRIM), a diversified holding company with early-mover initiatives in the smart card and wireless auction space, announced today that it has engaged the services of HJ & Associates to complete an audit of the company's financials. "We are pleased to be working with the partners of HJ & Associates," said Thomas Aliprandi, CEO of PrimeHoldings. "Their efforts to complete our corporate audit in a timely manner will enable us to proceed with a number of exciting business development initiatives." HJ & Associates, LLC, is a full-service accounting firm providing accounting and auditing, SEC reporting and presentation, tax planning, and management advisory services. The firm services a number of publicly-traded companies. "We believe that a partnership with such a reputable firm coupled with recent achievements at our bCard unit will enhance the company's overall standing in the investment community," added Mr. Aliprandi. "Our main objective is always to build shareholder value." "We anticipate a very smooth audit and look forward to a long-term working relationship with PrimeHoldings," said Franklin Hunt, partner at HJ & Associates. About HJ & Associates, LLC HJ & Associates, LLC, is a full-service accounting firm providing accounting and auditing, SEC reporting and presentation, tax planning, and management advisory services. The firm is a member in good standing with the AICPA and has access to a range of resources through its membership in the RSM International and McGladrey Pullen Network of Firms. Headquartered in Salt Lake City, Utah, HJ & Associates serves clients worldwide, including Canada, Europe, and Asia. About PrimeHoldings.com PrimeHoldings.com is a technology-oriented holding company that seeks to introduce and bring to market new e-commerce applications and business solutions. The Company is composed of subsidiary operations, bCard.net, (www.bcard.net) a leading provider of smart-card information management systems for corporate clients in marketing and promotions, and TimeMarker, Inc., developer of a scalable Internet exchange platform that uses wireless devices to provide clients with an efficient means of selling time perishable inventory. PrimeHoldings is traded over-the-counter under the ticker symbol "PRIM". 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 results of any number of factors, including the risk factors contained in the Company's disclosure documents. CONTACT: Allison Hague PrimeHoldings.com 801-562-1444