SOURCE: Premier Mortgage Resources Inc.

March 28, 2007 16:16 ET

PMRS to Change Its Name to Auto 'V' Resources

LAS VEGAS, NV -- (MARKET WIRE) -- March 28, 2007 -- Premier Mortgage Resources Inc. (PINKSHEETS: PMRS) announced today that it is changing its name to Auto 'V' Resources, Inc. The name change has been approved and a new CUSIP number has been assigned. Management has filed for a new trading symbol which will be announced upon approval.

As part of the company's restructuring, the Board of Directors has been expanded to include Steven Brown and Edward Herbert. In addition to their new duties on the Board, Mr. Brown will serve as President and Treasurer, and Mr. Herbert as Chief Operating Officer and Secretary.

"Now that PMRS is in the final stages of its acquisition of Auto 'V' Grooving, it is the ideal time to integrate the management teams of the two companies," says Steven Brown. "We feel that the name Auto 'V' Resources more accurately reflects the primary operation of the new company. As President, I look forward to devoting my efforts to increasing Auto 'V's profile."

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 1,600 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.

Auto 'V' Grooving Inc.:

Steven Brown, CEO

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