Navigation Links
Prime Companies Reaches Agreement to Spin Off Subsidiary; Shareholders Gain 15 Percent Stake in New Telecommunications Company
Date:1/28/2009

ANTHEM, Ariz., Jan. 28 /PRNewswire-FirstCall/ -- Prime Companies, Inc. (Pink Sheets: PCIR) today announced it has entered into a Definitive Agreement that will allow it to spin off its wholly owned subsidiary, Prepaid Tel.com, Inc., which discontinued operations in 2007, to a San Diego firm which, once it has gone public, will reward Prime Companies' shareholders with 15 percent of the new company.

The agreement with TransPacific Telecom, Inc., the developer of award winning VOIP processing software, allows TransPacific to make the necessary filings to take the merged company public. "This merger will enable TPT to become publicly traded, providing us the opportunity to utilize the capital markets and to raise the funds that will be used to make TPT a world renowned, elite telecommunications carrier of choice," said Stephen Thomas, TPT CEO.

"Spinning off 15 percent of the merged company to our shareholders will be a significant dividend in the expected future growth of TransPacific Telecom," said Norbert Lima, Chairman of Prime Companies' Board of Directors. Mr. Lima, with 35 years experience in the telecommunications industry, will become President of TPT upon completion of the transaction.

Prime Companies recently announced the launch of its new web site at http://www.mychoicedentist.com and an active telemarketing program to dentists is proceeding. The web site will allow people nationally to search for dentists by location, dental specialty, insurance accepted, office hours and other choices. It provides the dental community with services to enhance their ability to attract new patients and matches people looking for dentists with the right professional for their needs.

About PRIME COMPANIES, INC.:

Prime Companies, Inc., is a provider of web services to the dental community to enhance their ability to attract new patients and to grow their businesses. Prime's web site, www.mychoicedentist.com, is the most comprehensive dental directory on the Internet.

About TRANSPACIFIC TELECOM, INC.:

TransPacific Telecom, Inc. the developer of an award winning VOIP Processing Software known as VIVO, integrates VIVOware with TPT's global VoIP infrastructure affording the enviably economic routing and transporting of both domestic and international long-distance. For global applications, TPT's software and services deliver voice services over broadband Internet to remote locations where traditional phone service could take months to install and be prohibitively costly.

FORWARD-LOOKING STATEMENTS:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

    CONTACT: Prime Companies, Inc.
    Paul Knopick
    E & E Communications
    (949) 707-5365
    pknopick@eandecommunications.com


'/>"/>
SOURCE Prime Companies, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Prime Companies Revenue Stream Begins; Dentists in Every City and Town Available on Companys New Web Site
2. Prime Companies Announces Launch of New Dental Web Site
3. Prime Therapeutics Hires Steven Blumenfield as Chief Marketing Officer
4. Greenway Medical Technologies EHR Solution, PrimeSuite, Wins Three Best in KLAS Awards
5. Prime Therapeutics Announces Blue Cross and Blue Shield of Montana as a Pharmacy Benefit Services Client
6. Moms Cells Prime Fetal Immune System
7. Former NBA and Boston Celtic Star Dee Brown Joins PrimeTime Sports, Boca Ratons Unique Sports Training Facility
8. Prime Companies Announces Launch of Consumer Dental Service Software
9. Obama Puts Healthcare, Economic Relief for Middle Class First in Prime-Time Special
10. Listeriosis infection primer for health-care providers and the public
11. Jerry Steffl Joins Prime Therapeutics as Vice President, Government Affairs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2017)... , ... May 24, 2017 , ... Myers Jackson is ... has the ability to sell luxury homes anywhere on the planet. The luxury home ... side from Hattiesburg to Houston city-scapes. A quick search of “11 Spyglass Hill Auction ...
(Date:5/24/2017)... ... May 24, 2017 , ... Accordant Technology, a ... portfolio. ExtraHop delivers an analytics-first approach, layered with machine learning, that provides real-time ... datacenter to the cloud to the edge. Through the new partnership, customers get ...
(Date:5/24/2017)... ... 24, 2017 , ... The CFOs included on this list ... in the nation and help their organizations navigate the challenges in healthcare today. ... in developing successful hospital and health system strategy. , Becker's Hospital Review has ...
(Date:5/23/2017)... City (PRWEB) , ... May 23, 2017 , ... ... Population Health and Clinical Integration company, announced today that its iClinic V12.2 ... Home (PCMH) 2017 Prevalidation. NCQA recently introduced PCMH 2017 standards which emphasize ...
(Date:5/23/2017)... (PRWEB) , ... May 23, 2017 , ... ... in North Carolina have remained steady since 2009, according to a Workers Compensation ... , The study Monitoring the North Carolina System: CompScope™ Benchmarks, 17th Edition ...
Breaking Medicine News(10 mins):
(Date:5/6/2017)... 2017  May is Stroke Awareness Month and Omron ... important methods to prevent a stroke: monitor and manage ... Control and Prevention, undetected and uncontrolled hypertension is a ... global leader in personal heart health technology, recently evolved ... attack and stroke and is advancing a national public ...
(Date:5/4/2017)... and SAN DIEGO , May ... Gynecologists (ACOG) 2017 Annual Clinical and Scientific Meeting— OBP ... illuminating medical devices, today announced the launch of a ... OfficeSPEC and ER-SPEC vaginal specula. ... of extra-small and extra-large sizes makes OBP Medical,s line ...
(Date:5/3/2017)...  Kalorama Information notes that transplant diagnostics is ... and this is projected to continue to 2021. ... or bone marrow transplants require histocompatibility between the ... this task. This according to a new report ... various PCR-based methodologies, Sanger sequencing and NGS used ...
Breaking Medicine Technology: