SOURCE: APS Financial Corporation

June 22, 2006 18:44 ET

APS Financial Corporation Updates Coverage of Primus Telecommunications High Yield Notes

AUSTIN, TX -- (MARKET WIRE) -- June 22, 2006 -- APS Financial Corporation has updated coverage of the Term Loan and High Yield Notes (including convertible issues) for Primus Telecommunications Group, Inc. and Primus Telecommunications Holdings, Inc. With this Credit Update, we are initiating coverage of the Step Up Convertible Subordinated Debentures at the Company. The Company (bond symbol: PRTL) is being covered by Vice President & High Yield Analyst Brent J. Brewer, CFA. For more information and a copy of the comprehensive research report, please contact High Yield Associate Analyst Grant A. Wilbeck at gwilbeck@amph.com or toll free at.

APS Financial Corporation (APSF) specializes in insurance company fixed income asset management, institutional and retail securities sales, and investment analysis. Established in 1981, APSF provides both institutions and high net worth individual investors with value-added, personalized investment advice and account services. Our staff includes experienced analysts, traders, and portfolio managers who are knowledgeable in all areas of the fixed income market. In addition to offering insurance asset management and reporting services, APSF is also extensively involved in the trading and analysis of high yield corporate bonds. We conduct our own proprietary research and have developed a large client base of high net worth individuals and institutional buyers.

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