SOURCE: Prime Time Group Inc.

September 22, 2006 20:19 ET

/ CORRECTION - Prime Time Group Inc. Is Pleased to Announce It Has Reached an Agreement to Acquire Robinson Wireless Holdings

BRANSON, MO -- (MARKET WIRE) -- September 22, 2006 -- In the news release, "Prime Time Group Inc. Is Pleased to Announce It Has Reached an Agreement to Acquire Robinson Wireless Holdings," issued earlier today by Prime Time Group Inc. (PINKSHEETS: PRTH), we are advised by the company that the second sentence of the second paragraph should read, "We have marketing agreements in place with Virgin Mobile…," rather than "We have exclusive marketing agreements in place with Virgin Mobile…," as originally issued. Also, the original sixth paragraph should be disregarded. Complete corrected text follows.

Prime Time Group Inc. Is Pleased to Announce It Has Reached an Agreement to Acquire Robinson Wireless Holdings

BRANSON, MO -- September 22, 2006 -- Prime Time Group Inc. (PINKSHEETS: PRTH) signed a definitive letter of intent to acquire Robinson Wireless of Vancouver, Canada. Robinson is a 10-year-old company specializing in Mobile Products & Accessories, Mobile Gaming, and Mobile Media.

"Robinson Wireless is positioned as the next generation interactive wireless company aimed at the youth market," says Dallas Robinson, President of Robinson Wireless. "We have marketing agreements in place with Virgin Mobile to open Virgin Mini Stores across Canada as well as FIDO and T-Mobile. We also have our own Cherry Red™ line of cellular accessories which are gaining strong acceptance on the exploding youth wireless market."

"Prime Time is excited to bring another international brand name such as Virgin Mobile and FIDO under roof to complement the brand development and franchise work Prime Time Group is doing on other market sectors," says Johnny Arnold, CEO of Prime Time Group. "We still hold our position in Puerto Rico 7, Inc. which operates the 7-Eleven Stores in Puerto Rico."

"Our goal is to have the acquisition completed in less than 30 days and continue the aggressive rollout of the Virgin Mobile Mini and FIDO wireless stores throughout Canada," states Mr. Arnold, CEO of Prime Time Group. "Robinson brings outstanding management, decades of experience, and international brand relationships in the wireless market. We are excited about the tremendous growth potential of this franchise."

Robinson Wireless is positioned on a foundation of core mobile products and services including: Mobile Media, Mobile Gaming, and Mobile Products and Accessories. "Look, See, and Play," Robinson Wireless is creating an aggressive customer acquisition model for the youth wireless market. Robinson currently has the exclusive marketing agreements with Virgin Mobile and FIDO wireless as well as its own proprietary Cherry Red™ wireless accessory line.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of the Company may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins, expenses, charges, earnings or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning the expected development, performance or market share relating to products or services; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. The Company assumes no obligation and does not intend to update these forward-looking statements.

Contact Information

  • CONTACT INFORMATION

    Corporate Inquiries
    Johnny Ray Arnold
    President & CEO
    Prime Time Group, Inc.
    Telephone: (417) 779-2310
    Info: http://www.Primetimestores.com