PennyParadise features PRMC!
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Prime Companies
Inc.
Ticker symbol: PRMC
Prime Companies, Inc. (PRMC) is about to take off in an incredibly huge way. First of all, it is a fully reporting bulletin board company. An extraordinary promotional push is gearing up. . . a multitude of newsletters, IR firms, PR firms, and brokers will be grabbing ahold of the company within the next several days. A quick, yet consistent, run-up is expected. Momentum will likely continue over the next couple of weeks at a minimum.
Secondly, the company (PRMC) just came out with a blockbuster news release which has yet to catch on with the investment community. Read the below:
"Tuesday December 8, 1:27 pm Eastern Time
Company Press Release
Prime Companies Inc. Signs Letter Of Intent To Sell
Assets Of Trucking Subsidiary To U.S. Trucking, Inc.
Prime Companies in Negotiations to Acquire Global Internet and Software Firms
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 8, 1998-- Prime Companies, Inc. (OTC BB:PRMC) announced today that
it has signed a letter of intent to sell substantially all of its trucking subsidiary, Mid-Cal Express, Inc. and Mid-Cal Logistics,
Inc., to U.S. Trucking, Inc. (OTC BB:USTK).
David Lefkowitz, President of Prime Companies, said, ''This transaction completes our objective to transition Prime
Companies, Inc. out of the transportation business so that we can now concentrate on acquiring Internet and software related
businesses. We have already begun negotiations with several companies which will thrust us into the global high-tech market
almost immediately.''
The Company believes that the Internet and direct marketing industries are in a state of convergence. While the current Internet
focus has been on the U.S. market, the majority of the world's current and future consumers are in established foreign and
emerging growth markets. Prime Companies is in negotiations to develop a global direct marketing information network.
In a further announcement, Prime Companies confirmed that it intends to enter the wide-open Internet business-to-business
information market in Asia through a joint venture. Lefkowitz, Prime's President, said, ''Sales and marketing information is the
key for any company wishing to direct market its products to emerging economies. We believe that, by building a series of
aggressive key-market global joint ventures bent on capturing significant market information, we will be able to wield significant
bargaining power. The company we are dealing with in China has detailed information on over two million business accounts.
Combine that with Internet and direct market database information from other emerging economies and you can understand the
negotiating power we envision.''
Prime Companies, Inc. is a fully-reporting public company located in San Francisco, CA. More information on Prime
Companies, Inc. can be found on the Internet at: www.MarketManagement.com. Press call Thomas Tedrow at (800)
777-8098.
''Safe Harbor''' Statement Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that
relate to the company's expectations with regard to the future impact on the company's results from new products in
development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The
results anticipated by any or all of these forward-looking statements may not occur.
Contact:
Thomas Tedrow, 800/777-8098"
As most of you probably know, the internet is an incredibly hot sector right now. Even among the big board stocks, companies have been rising drastically with incredible volatility and high volume. This news release alone is enough to set PRMC on fire. Some of you may be familiar with the bulletin board company MISM. MISM was formally a pretzel store franchiser. Exactly one week ago, MISM came out with a release stating that they were withdrawing from the franchise industry, and were about to begin acquiring internet and multimedia companies. Within 2 days, MISM went from .02 to .14!!!! Yes, that's a gain of 600% !!!!
Unlike some of you, I was unable to participate in MISM's run-up. Instead, I was kicking myself for missing out. Well, I plan on redeeming myself with PRMC. The internet frenzy, in combination with the imminent PR push, makes this about as close to a sure thing as possible!!
Here are some vital statistics:
Shares Outstanding: Approx 3.8 million
Recent Price: $2 by $2.125
52-week Range: $0.96-$3.50
Float: Approx. 1.2 million
CUSIP #: 74155-10-3
Independent Auditors: Gilbert & Co, CPA
Transfer Agent: Continental Stock Transfer & Trust Co.
Corporate Offices: 155 Montgomery Street, Ste. 406,
San Francisco, CA 94104
Investor Contact: (415) 398-4242
President & COO: David Lefkowitz
Websites: www.primecompanies.com and
www.gocountrywide.com
As more information becomes available, I will certainly keep you posted. This company is poised for an incredible run, IMO. I will personally be buying tomorrow morning, and I tentatively intend to take out my initial investment after it reaches $4. Good luck.
DISCLAIMER:
This is not a solicitation to buy or sell the aforementioned securities. The writer of Penny Paradise, Patrick Gundlach, is not a registered investment adviser. The writer may buy or sell shares of the company periodically on the open market. The writer has been retained by the company as investor relations counsel for a period of 45 days, and will be compensated with four thousand shares of common stock. Opinions are those of the writer and should not be used as sole criteria for investing. Reviews of companies are not a complete analysis. All information used in Penny Paradise is from sources believed to be reliable, but cannot be guaranteed. Invest in stocks only after reviewing the financial reports of the company (if available) and as always, investors beware! Thank you, and best of wishes to all. |
