SOURCE: Premier Information Management, Inc.

October 25, 2007 10:06 ET

Premier Information Management, Inc. -- OSC Update

PHOENIX, AZ--(Marketwire - October 25, 2007) - Premier Information Management, Inc. (PINKSHEETS: PIFR) announced a further corporate update regarding the recent Ontario Securities Commission.

The Ontario Securities Commission announced the result of a Hearing into the recent Temporary Order preventing certain individuals and companies from trading in Premier and other stocks.

The Hearing concluded that the current Order should be extended until Tuesday, January 22, 2008, extending Premier's support and protection from those it believes damaged the share price and mislead investors.

Premier is preparing copies of its own investigation which it hopes will assist the Commission reach a successful result in this case.

"Having the regulators chase these guys down is a big plus and takes a significant weight off our shoulders going forward. We hope that all the investors hurt by these people will see justice served," said Tom Miller CEO of Premier.

Premier will soon announce the date for a live audio, internet based question and answer session, where some of the related topics will be covered. The session will be posted on the company website later that same day.

A copy of the original OSC order can be found here: http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20071011_globalpartcap.jsp

A copy of the latest Order Extension can be found here: http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20071024_global.jsp

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

Contact Information

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