SOURCE: Prime Restaurants, Inc.

March 18, 2008 16:50 ET

Prime Restaurants, Inc. Announces New Name & Trading Symbol Effective March 19, 2008

FT. MYERS, FL--(Marketwire - March 18, 2008) - Prime Restaurants, Inc. (PINKSHEETS: PRSU) today announced that effective tomorrow March 19, 2008 the new name of the Company will be BIH Corporation and the new Trading Symbol will be BIHC.

This change in the name of the company and symbol change is being made to clear the way towards the closing of the company's prior announced acquisition of Baron International. The company now with this out of the way anticipates getting the paperwork finalized this week to close.

"We are relieved that the new symbol has been finally issued by NASDAQ so that the new company name and symbol can be incorporated into the paperwork pertaining to the closing of Baron International as this has been holding the closing up," said Mr. Cris Galo, President & CEO.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact Information

  • Contact:

    Prime Restaurants, Inc.
    Investor Relations
    Tel: 1-866-532-5908
    Fax: 1-239-437-5777