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

o 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


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SOURCE Prime Companies, Inc.
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