SOURCE: Auto 'V' Resources

March 29, 2007 09:25 ET

Key Personnel to Stay on at Auto 'V' Grooving

LAS VEGAS, NV -- (MARKET WIRE) -- March 29, 2007 -- Auto 'V' Resources, Inc. (Formerly Premier Mortgage Resources Inc.) (PINKSHEETS: PMRS) announced today that the key personnel of Auto 'V' Grooving Inc. will all stay with the company after its acquisition.

Ted Benyovits, founder of Auto 'V' Grooving and developer of the innovative 'v' grooving machinery, will stay on as Chairman and will act as consultant to the company.

Other key staff who will continue in their current positions are Chief Product Designer Greg Hunter, Plant Manager Robert Pendli, and Machine Design Engineer Michael Brainin. These individuals have all been instrumental in Auto 'V' Grooving's success to date and look forward to contributing to its future growth.

"I am pleased that we have been able to retain these important members of Auto 'V' Grooving's management team who will be invaluable during this transition phase," says Steven Brown, President and Chief Executive Officer. "Their experience with the company, knowledge of the 'v' grooving process and the fabrication industry, and their familiarity with Auto 'V's customers will all be essential to its success as we move forward. Greg and Ted alone have over 50 years of combined experience in the field."

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.

Contact Information