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Prime Companies Launching Major Expansion Into Multi-Million Dollar Dental Services Sector
Placed by : Looking for Dental 02-02-2007
Wednesday January 31, 5:00 am ET
YUBA CITY, Calif., Jan. 31 /PRNewswire-FirstCall/ -- Prime Companies, Inc. (OTC: PRMC - News; http://www.primecompanies.com) today announced that it is launching a major expansion of its business interests in the dental services sector.
The Company's new line of products and services, Digital Dental Technology, is an outgrowth of a previous transaction in which, for the benefit of shareholders, Prime Companies spun off a non-operating subsidiary which was merged into Computer Resource Technologies (CRT), Inc. Certain assets of CRT, and a portion of its customer base, has been acquired by Prime Companies.
"We have entered the dental service marketplace because we see enormous growth in this sector and because it is not adequately serviced by present companies," said Norbert J. Lima, Chairman and CEO of Prime Companies. "We bring to this market a quality of dental technology expertise and a breadth of experience that is not matched by any other entity. This is a natural addition to Prime Companies' service offerings."
Products that are currently, or soon will be marketed by Prime Companies' sales force, include computer hardware and software for the dental office and unique ergonomic equipment. Marketing is currently being handled by the Company's Denver office. "We are building an experienced team of professionals to take advantage of this multi-million dollar opportunity," Mr. Lima said. "We also are examining opportunities to purchase smaller dental service companies currently operating, which will add accretive revenue and income to Prime Companies."
Prime Companies Inc.'s legacy business is the telephone interconnect business, in which it sells and services business telephone systems for small to medium sized businesses and municipal agencies. The Company also provides fixed wireless broadband services to underserved and unserved rural communities.
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.
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