SOURCE: Premier Resources

March 21, 2007 16:18 ET

Auto 'V' Grooving to Introduce New Metal Fabrication Technology

LAS VEGAS, NV -- (MARKET WIRE) -- March 21, 2007 -- Premier Mortgage Resources, Inc. (PINKSHEETS: PMRS) is excited to announce that Auto 'V' Grooving Inc., long a world leader in the manufacture of high precision fabrication machinery, will soon be offering a process that can also fabricate metals. Nearly a year in development, this breakthrough technology opens up enormous additional markets for the company. Auto 'V' expects to unveil these new machines to the metalworking industry by the end of the year.

"After we have integrated this innovative process into our existing line of wood, solid surface and stone v-groovers, we will begin to aggressively market to an entirely new class of customers," declares Steven Brown, President and Chief Executive Officer. "This is the next generation of application for our v-grooving technology. We firmly believe that the new products that will flow from this development have the potential to more than double our client base and add in excess of $25 million in sales to the company over the next 5 years."

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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