SOURCE: Premier Information Management, Inc.

Premier Information Management, Inc.

March 24, 2010 09:53 ET

Premier Expands Board of Directors

PHOENIX, AZ--(Marketwire - March 24, 2010) -  Premier Information Management, Inc. (PINKSHEETS: PIFR) announces Board of Director additions in advance of new business announcements this week.

Premier has begun negotiations to add three full board members as part of its restructuring and growth program. The final Board additions will be confirmed and released in early May.

The decision to fill these positions comes hard on the heels of new business contracts whose details will be announced this week.

"In light of potential changes to our industry sector and Premier's recent contract successes, a diverse and well qualified board would seem prudent. As the first three quarters of 2009 demonstrate, we spent the last year significantly reducing operating costs. Now we need to ensure our growth is directed to meet any market changes," said CEO Tom Miller.

To view Premier's Q3 2009 results go to: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30033

Premier expects to post its 2009 Annual Report next week.

Premier Information Management, Inc. provides business critical information to the global Insurance and Healthcare industries by integrating fast and efficient database driven electronic content management systems to reduce and manage costly risk. Utilizing proprietary software with specially integrated modules, Premier realizes significant increases in data-in/out-report efficiencies delivering decision-critical reports significantly faster than the industry standard. Utilizing the most secure, flexible, and cost effective means to capture, manage and transmit sensitive information, Premier's EDI solutions are the new standard in the information management industry.

Safe Harbor Statement 

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about Premier's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Premier does not undertake any obligation to update any forward-looking statement, except as required under applicable law.