SOURCE: Premier Information Management, Inc.

November 01, 2007 10:16 ET

Premier Information Management Releases Third Quarter Financial Report

PHOENIX, AZ--(Marketwire - November 1, 2007) - Premier Information Management, Inc. (PINKSHEETS: PIFR) today announced results for its third quarter of 2007.

Total revenue for the third quarter of fiscal 2007 was up nine and a half percent (9.5%) on this time last year at $180,217 and net income was ($47,768) due to additional temporary staffing and other extraordinary expenses. The company expects to see greater improvement over last year's sales for the final quarter of 2007.

"Despite a usual slower summer period, sales still exceeded last year's record quarter. Continued growth in sales, alongside recent staff reductions should give us a far better fourth quarter," said Tom Miller, Premier's Chief Executive Officer.

Premier also confirmed that it will be submitting 2007 financial results for auditing to enable application to the OTCBB service. The OTC requires companies to maintain a 'Fully Reporting' status and provides greater transparency and protection to investors. For more about the OTC go here: http://www.otcbb.com/AboutOTCBB/about.stm.

For a copy of the company quarterly report go to: www.pinksheets.com

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

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