PrimeHoldings.com and Briza Technologies Acquire IT-Bibow, and Sign Letter of Intent for Product Development with Federal University of Brazil SALT LAKE CITY, Feb. 26 /PRNewswire-FirstCall/ -- PrimeHoldings.com, Inc. , a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software, today announced that Briza Technologies, Inc., which is being acquired by TimeMarker, Inc., a wholly ownedsubsidiary of PrimeHoldings.com, completed the acquisition of IT-Bibow INFO, Ltd., a Brazilian information technology services company. Briza Technologies is a Hillsborough, NJ based corporation whose primary business is the designing, manufacturing and marketing of wireless credit card payment solutions and Internet security devices. "With IT-Bibow as a wholly owned subsidiary of Briza Technologies, Briza is now commercially operational and ready to do business in Brazil. Because IT-Bibow 's senior professional and technical executives remain in their current positions, post acquisition, Briza will be able finalize negotiations and sign several significant revenue-generating agreements with strategic partners in Brazil that we have been workingon for the past several weeks. This will allow us to roll out Briza's and IT-Bibow's proprietary products in Brazil expeditiously," said Thomas Aliprandi, PrimeHoldings' CEO. "Briza's proprietary technology easily lends itself to a myriad of consumer product and service applications. That is why the Brazilian Government-owned Federal University of Santa Catarina wants to join with Briza to develop our products and apply them to these diverse and specific markets. The University is a major technological institution with extensive experience in information technology, systems and automation," said Ivan Silva, Briza's President and CEO. "We signed a letter of intent for this purpose and intend to have a fully executed joint development agreement in place in March. This partnership will assist us not only in the immediate application of our patent pending technologies to a wider variety of products, services and customers, but will also improve and expand Briza's range of technology by initiating new information technology research projects directed, documented and completed by several of the University's hand picked masters and doctoral candidates," said Silva. 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: TimeMarker, Inc., developer of scalable Internet exchange platform that uses wireless devices to provide clients with an efficient means of selling time perishable inventory; and UniQuest Communications, Inc., a provider of enhanced local and long- distanced phone services. PrimeHoldings is traded over-the-counter under the ticker symbol "PRIM". About TimeMarker TimeMarker, Inc. is one of the first to market with a scalable internet exchange platform utilizing two-way wireless devices (e.g., pagers, PDA's, Web phones) to provide consumers and service providers with an efficient, market based clearing mechanism for location-sensitive, time-perishable goods and services. TimeMarker's technology is applicable in any vertical industry with perishable goods or services, high fixed costs, excess capacity, and hundreds or thousands of service providers spreadacross wide geographic regions include trucking, food services, and fleet management. About Briza Technologies, Inc. Briza Technologies, Inc. is a private corporation that creates and manufactures wireless credit card payment solutions and Internet security devices. Briza Technologies applies environmentally friendly technologies, or, if not available, invents such technologies, to solve real and practical problems in the credit card billing and Internet securities industries. Its current, patent pending, products, BTSMSEF500 (an encrypted SMS data capture solution for credit card and other financial transactions) and BT300 (an Internet security devise that protects a company's computers against viruses, hackers, and online theft) are currently marketed in South America. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are notlimited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements. DATASOURCE: PrimeHoldings.com, Inc. CONTACT: Tom Aliprandi of PrimeHoldings.com, Inc., +1-801-755-6859 Web site: http://www.primeholdings.com/

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