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To: Joe Copia who wrote (108070)	8/12/2002 10:35:11 AM
From: Joe Copia	Read Replies (1) \| Respond to of 150070

PCRC is the old MOBV shell after the reverse split. Float per company is 30mil. presently .004 x .007 PCRC news with HouseHold Finance looks good: In @ .015 and .006 Prime Capital Resources, Inc. Acquires $2.5 Million Loan Portfolio From Household Finance -HFC- Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 12, 2002-- Deficient Auto Loan Portfolio to Augment Existing Credit Card Collection Business Gerry Schwebel, Operations Manager, of Prime Capital Resources, Inc. (OTC "PCRC") announced today that its debt buying and collections subsidiary Professional Adjustment Systems, (PAS) has acquired a portfolio of deficient auto loans from Household Finance Co. from (HFC) a division of Household International Corp. (NYSE "HI"). The face value of the portfolio is approximately $2.5 million. "Expanding our existing portfolio of delinquent credit card debt into the auto loan business presents PAS with an attractive business model. Our network of collection agents and outside collection counsel feel confident that these new accounts will result in attractive returns on our investment," commented Mr. Schwebel. "This recent debt buy brings the total number of portfolios acquired HFC to four. The company enjoys a strong relationship with HFC as well as a host of other nationally known debt sellers. PAS's performance record continues to establish the company as a reliable business partner in the multi-billion dollar market of delinquent debt collection," concluded Mr. Schwebel. About Household Household's businesses are leading providers of consumer loan, credit cards, auto finance and credit insurance products in the United States, United Kingdom and Canada. In the United States, Household's largest business, founded in 1878, operates under the two oldest and most recognized names in consumer finance -- HFC and Beneficial. Household is also one of the nation's largest issuers of private label and general purpose credit cards, including The GM Card(R) and the AFL-CIO's Union Plus(R) card. For more information, visit the company's web site at www.household.com. About Prime Capital Resources, Inc. Prime Capital Resources, Inc. is a New York City-based publicly held company trading under the ticker symbol "PCRC". Through its 7.5 year old wholly owned subsidiary, Professional Adjustment Systems, (PAS) the company's primary business is the purchase, collection, and management of defaulted consumer debt acquired from major financial institutions. PAS has previously acquired portfolios of defaulted consumer debt from Citicorp (NYSE "C"), Household Finance Company (NYSE "HI"), The Dime Savings Bank (NASDAQ "DCOM"), Discover Card and American General Financial. These acquisitions represent approximately $35,000,000 worth of original debt. The Company is a licensed Debt Collection Agency in New York State and is authorized to engage in debt collection activities nationwide. The company is comprised of a seasoned management team combined with experienced debt collection agents and skip tracers to proactively work with debtors to structure favorable resolutions to these outstanding loans. PAS engages outside law firms when required to seek legal recourse against the debtor. The company obtains new portfolios of debt from time to time from its existing set of financial partners and management is consistently seeking technologically advanced methods of increasing the company's debt collection efficiencies. The outsourced accounts receivable management industry is a highly fragmented industry ranging from large public companies to small private entities. Major industry players include: Cargill Financial Services (a division of Cargill, Inc. 2001 revenues over $49 billion), NCO Portfolio Management (NASDAQ "NCPM" 2001 revenues over $62 million), NCO Group (NASDAQ "NCOG" 2001 revenues over $700 million), Asta Funding Inc. (NASDAQ "ASFI" 2001 revenues $24 million), FirstCity Financial Corp (NASDAQ "FCFC" 2001 revenues over $37 million). Recently Australian billionaire Kerry Packer entered the debt buying and collection business by investing in Encore Capital Group (OTC "ECPG" 2001 revenues over $47 million). For more information on Prime Capital Resources, Inc. (OTC "PCRC") please visit www.PrimeCapitalResources.com. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Litigation Act of 1995. --30--js/sd* ts/sd CONTACT: Prime Capital Resources, Inc. Gerry Schwebel, 718/421-2794 PROADJSYS@aol.com or PMR and Associates, LLC Investors: Patrick M. Rost, 760/942-0015 PMRANDCO@AOL.com