SOURCE: Premier Information Management, Inc.

October 16, 2007 14:58 ET

Premier Information Management, Inc. -- Corporate Update

PHOENIX, AZ--(Marketwire - October 16, 2007) - Premier Information Management, Inc. (PINKSHEETS: PIFR) announced an intermediate corporate update regarding the recent Ontario Securities Commission Order and current investor relations activities.

Following the recent Premier announcement of a 63% increase in sales, the Ontario Securities Commission (OSC) issued a cease trading order in Premier stock to certain companies and individuals. Premier has long maintained that it was the victim of an organized campaign to manipulate its stock price and subsequently has continued its investigation into last year's share price movements.

Premier welcomes this move by the OSC and believes this will make it possible to remove what the company believes was fraudulently obtained stock from the current issued stock. Interested investors should review the OSC order and contact Premier Information, Investor Relations with further questions.

http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20071011_globalpartcap.jsp

Premier is pleased to announce the hiring of Griffin Corporate Concepts, Inc. (Griffin), a specialist Discovery Investor Consultancy to provide specific investor communication services. Griffin will be responsible for new investor awareness campaigns, road shows and the distribution of presentation materials to interested individuals and organizations.

The contract with Griffin will be published on the Pink Sheets News Service along with the third quarter financial results.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pifr#getQuote

About Premier Information Management, Inc.

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 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.

About the Ontario Securities Commission

To provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in their integrity.

http://www.osc.gov.on.ca/index_en.jsp

About Griffin Corporate Concepts, Inc.

Griffin Corporate Concepts is a 'discovery investor' consultancy uncovering unique opportunities amongst companies in both public and private arenas well positioned for a significant turnaround with the proper guidance. Operating in international markets, Griffin places a high value on developing investor quality information channels and sharing these opportunities with like minded 'discovery' investors.

For more information, including company news and investor relations information, visit the company's website at: www.premierinformationmanagement.com

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.

Contact Information

  • Contact:
    Premier Information Management, Inc.
    Investor Relations
    David Stothart
    1-604-288-7781
    Email Contact

    Griffin Corporate Concepts, Inc.
    Dwyane Yaretz
    303-731-0153