SOURCE: Premier Mortgage Resources, Inc.

February 05, 2007 06:30 ET

Auto 'V' Projects Over $3 Million in 2007

LAS VEGAS, NV -- (MARKET WIRE) -- February 5, 2007 -- Premier Mortgage Resources, Inc. (PINKSHEETS: PMRS) announced today that it is on target to exceed $3 million in sales in 2007 with an expected goal of $8 - 15 million in 2008. This would represent a substantial increase in the company's sales in the manufacture of high precision fabrication machinery from 2006. No assurances can be given that such projections will be realized.

The impetus behind Premier Mortgage Resources' projected upsurge in sales is the company's recent announcement that upon the closing of the acquisition of Auto V Grooving, Inc., it intends to open 12 strategically placed fabrication business units (FBU) throughout North America in the next 36 months, which will serve the wood, solid surface and stone fabricating industries in each of its regions of operation. Once the FBUs are in place, the company's services will become more readily accessible to smaller companies within the industry.

"The opening of our FBUs in the upcoming year will allow us to establish a presence in areas where we may not have previously had a very high profile," explains Steven Brown, President of Premier Mortgage Resources. "Once local businesses recognize how much our machinery increases their productivity, we expect word of mouth about our products will begin to spread rapidly, and that our sales will take off from there. With our funding plan now in place it is reasonable to expect our sales to reach $3 million in 2007 with the increased profits from the FBUs," he adds.

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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