SOURCE: Premier Mortgage Resources Inc.

March 23, 2007 16:21 ET

Auto 'V' Grooving Outstanding Success at Surface and Fabrication Expo

LAS VEGAS, NV -- (MARKET WIRE) -- March 23, 2007 -- Premier Mortgage Resources Inc. (PINKSHEETS: PMRS) is in the final stages of acquiring Auto 'V' Grooving Inc., long a world leader in the manufacture of high precision fabrication machinery. Auto 'V' Grooving products attracted considerable interest at last weekend's Surface and Fabrication Expo in Orlando, Florida. Fourteen manufacturers expressed enthusiasm for using Auto 'V's' line of products to help increase their productivity and profits.

Based on the rapidly growing international interest in Auto 'V's' product line, the company expects a significant increase in revenues in the upcoming year. At the Expo interest came from companies based in Mexico, the Netherlands, the UK, Italy, Turkey and Australia. Auto 'V' is negotiating the sale of an AVG-48 machine to a solid surface fabricator in Italy who has also asked for the right to represent Auto 'V' in that country.

As expected, the company's flagship product, the AVG-48 machine, which is used both by solid surface and wood fabricators, continues to be its best seller because of the diverse functions it can be used for. However, as a result of strong interest at the Expo, the company is also responding to a large number of Requests for Quotation for its SVG30 machine, which v-grooves stone using Auto 'V's' patented dry-cutting process.

"We're very excited about the reception we received at the Expo. The interest shown in Auto 'V's' line of products was outstanding and the quality of the leads generated is excellent," declares Steven Brown, President and Chief Executive Officer. "The value of the sales represented by these exceptionally strong opportunities could lead to sales in excess of $3 million over the next twelve months."

About Auto 'V' Grooving Inc.

Based in Toronto, Ontario, Auto 'V' Grooving Inc. is the innovator of the v-grooving fabrication process, and manufactures a line of high precision machinery incorporating this revolutionary technique. Over the last 35 years, more than 1600 machines have been installed worldwide, all of them still in full production operation. The company currently markets its equipment through major industry trade shows, direct sales and on the Internet.

Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Premier Mortgage Resources Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.

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