OKOK not to beat my own post to death but here is a copy of the news. For all those interested today was a wierd day. When the news came out it shot up to .0055 but then droped back down due to mm manipulation. 1. Something very interesting that I have noticed is this stock goes down 2 days in a row before it goes up 3 or 4. Look at that saw tooth chart with the bounces off the trendline. I believe the MM's kept this pattern in play on purpose unless we would have closed at .0055. today was the second down day.
2. We are sitting on the bottom trendline right now which leads me to believe cuppled with this great news that it is goin up tomorrow.
PrimeHoldings.com and Briza Technologies Commence Testing Briza Technologies' Proprietary Enhanced Text Messaging and Micro Payment Services Product
1/29/2004 10:30:00 AM
SALT LAKE CITY, Jan 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM.PK), 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 to be acquired by TimeMarker, Inc., a wholly owned subsidiary of PrimeHoldings.com, commenced testing and marketing Briza Technologies' proprietary enhanced text-messaging and micro payment services product, known as Recadinhos.com, to the Brazilian community in the New York tri-state area.
Briza Technologies, Inc., is a Hillsborough, NJ based corporation whose primary business is the conception and manufacturing of wireless credit card payment solutions and Internet security devices, to be marketed internationally and domestically.
Briza Technologies launched its text-messaging service (Recadinhos.com) in July of 2003. The mobile text-messaging service offered by Recadinhos.com is a pre-paid international text messaging and micro-payment service that is currently providing service primarily to the Brazilian communities in the United States and to Brazil. "With almost 184 million people, Brazil is one of the largest countries in the world, but only about 32 % of Brazilian homes have computers, and only 24% have Internet access; however, 66% of Brazilian homes have at least one prepaid mobile telephone," said Ivan Silva, Briza Technologies' President and CEO. "Recadinhos.com allows not only instant mobile telephone text-messaging between Brazilians in the U.S. and third parties in Brazil, but it also allows Brazilians in the U.S. to send money (as little as $10.00) to a third party in Brazil directly from their cellular telephones, paying only a few cents for the transaction. Conventional money transfer agencies are very expensive and do not transfer such small amounts. Brazilians in the U.S. currently send several billion dollars to third parties in Brazil annually, paying hundreds of millions in transfer fees," said Silva.
"When fully deployed in Brazil, the Briza network will also allow Brazilians who receive credit transfers from the U.S. to use the Recadinhos.com technology to electronically pay for a wide variety of goods and services, including their own prepaid cellular telephones," said Thomas Aliprandi, PrimeHoldings.com's CEO. "This is one of the primary reasons we are so excited about our new relationship with Briza. Briza's micro technology alone will save U.S. Brazilians wanting to send money home to Brazil, millions of dollars in transfer fees, but allow Briza to capture significant revenues," said Aliprandi "Recadinhos.com currently has connectivity to six million cellular telephone users in Brazil and once in place in Brazil, we plan to expand the text-messaging and micro-payment services throughout South America," said Silva.
"By TimeMarker acquiring us, we will have the infrastructure and ultimately the capital to greatly expand Recadinhos.com's customer base, and at the same time demonstrate to our new partners the existing connectivity already available to Briza in Brazil, the versatility of our products and the great expansion potential in South America and other foreign markets," said Silva.
"We are working tirelessly to have the full technological potential of Briza deployed in a very short time. The Recadinhos.com technology is only a single, small component of the Briza technology base that will bring fresh business and ultimate profits to our company. We are eager to complete the Briza acquisition as quickly as possible," said Aliprandi.
Once acquired, Briza Technologies will be a wholly-owned subsidiary of TimeMarker, Inc.
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 spread across 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.
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