PrimeHoldings.com Announces Acquisition of 264 New Busboy Technologies' Customers at HITEC Show

SALT LAKE CITY, Jul 6, 2004 /PRNewswire-FirstCall via COMTEX/ -- PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM), a diversified holding company with early-mover initiatives in the telecommunications and proprietary restaurant and hospitality industries software, and its subsidiary, Busboy Technologies, today announced the acquisition of 264 new customers at the HITEC hospitality show in Dallas this past weekend.
"We used the premier hospitality show, HITEC, to launch our Busboy suite of products. The response was overwhelming!" said Spencer Taylor, Busboy's President. "We expected to sign up 20 or 30 new customers, but our booth overflowed all weekend with club and restaurant owners looking for better software management products solutions to help run their businesses. By the end of the show, we signed up 264 new customers."

"Demand for our products at the HITEC show exceeded even our most optimistic projections," said Thomas Aliprandi, PrimeHoldings.com's CEO. "We knew there was a need in the hospitality and restaurant industries for customized software management tools to help these businesses run more cost efficiently-but the number of customers that we signed up exceeded the high end of our sales targets by nearly 800%," said Aliprandi.

"With this kind of immediate success at the HITEC show, we have set higher expectations for customer acquisition at the Western Food Expo in Los Angeles later this summer and the FSTEC show in Orlando in October," added Taylor.

"Our financial projections show Busboy Technologies financially self-sufficient with positive revenues with 54 paying customers. We planned to achieve this goal by the first quarter of 2005, but we are now clearly well positioned to reach this milestone sooner," said Aliprandi.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995