PrimeHoldings.com and Target Communications to Acquire Additional Network Equipment to Meet Demands of New Business SALT LAKE CITY, April 19 /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 and its joint venture partner, Target Communications, LLC, today announced their intent to procure additional equipment to meet the demands of Target's growing telecommunications business. "Our business has grown so rapidly that it has become necessary for us to acquire equipment that was not intended to be in place until third quarter," said Thomas Aliprandi, PrimeHoldings.com's CEO. "Our expansion of the network consists of a is a high-density, carrier-class gateway that offers unparalleled capacity and high availability. This equipment is specifically designed to meet the demands of large, innovative service providers, supporting up to five channelized T3's (CT3s of data, voice, and fax services, on any port at any time). It also offers high-availability features such as hot-swap on all cards, load-sharing and redundant hot-swappable power supplies, redundant route-processing cards and call-admission control to ensure 99.999-percent availability," said Aliprandi. "The new equipment will be located in Houston, Texas at the Houston Technical Operations Center -- Target's international gateway to Latin America. The unit is capable of handling 2,688 simultaneous calls and can process approximately 40 million minutes of traffic per month. We didn't believe that we would need this server until late summer, but our business demands dictate that we must have it now. We will complete this transaction by the end of the week; however, business is increasing so rapidly that we now believe we will need to add additional network equipment this summer," concluded Aliprandi. "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 Section 21E 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 not limited 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, +1-801-755-6859 or , for PrimeHoldings.com, Inc. Web site: http://www.primeholdings.com/

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