SOURCE: Premiere Publishing Group, Inc

February 23, 2011 08:30 ET

Premiere Publishing Group, Inc. (OTCBB: PPBL) Changes Corporate Name and Declares Corporate Mission Statement

TOTOWA, NJ--(Marketwire - February 23, 2011) -  Premiere Publishing Group, Inc. (OTCQB: PPBL) (OTCBB: PPBL), consistent with its goal of creating a new corporate era for Premiere shareholders, announces a change in its name to "Premiere Opportunities Group, Inc." from Premiere Publishing Group, Inc.

Omar Barrientos, Premiere's CEO, stated, "We found it particularly important to have a fresh start with our organization and it starts with a change to our corporate name. The name Premiere Opportunities Group, Inc. is very indicative of our overall business model of working with profitable private companies that have excellent growth potential and are devoid of any Investment Banking and Advisory expertise."

Chris H Giordano, Premiere's Co-Chairman, went on further to say, "We expect 2011 to become a watershed year for our shareholders. A cleaner balance sheet is just a few quarters off and profitabilty is on the horizon for some time this year. Our advisory services group is in the process of finalizing deals with several different companies, that once closed, will add significantly to shareholder value.

"These client companies will pay Premiere cash and equity for its services. Depending on the venue Premiere's shareholders could become equity stake holders in these companies directly since Premiere could dividend a portion of the equity stake to our shareholders which will not only create earnings for Premiere but potential cash value for our shareholders.

"Most importantly all of the client companies Premiere will be advising will have solid earnings and a significant future growth curve. We are looking at companies across a whole spectrum of industries that meet our criteria and have a need for our services. We are waiting for the year end financials for Xian Johnson Pharmaceuticals, Ltd, a company whom we signed a Letter of Intent with late last year and anticipate having them within the first quarter. Once we have their financials we could start the process of advising them towards procuring the financing they need in order to further their growth.

"We are positioned to be the only 'publicly traded' advisory company that specializes in NANO CAP and MICRO CAP companies. We have a world class team of people that are typically not available to companies this size because of the expense in hiring major investment banking firms to access the expertise and experience level we provide. We feel this gives us a distinct advantage to grow our business with great confidence and very little competition.

"We look forward to 2011 with great confidence and look forward to our next communication with our shareholders. Our website should go live today and we ask you to feel free to contact us with any questions you may have as a stakeholder in our company."

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