Prime Time Group Inc.

May 02, 2007 08:45 ET

Prime Time Group Inc. (PRTH) Announce Controlling Interest in Southern Wheel Workz Inc.


FT. LAUDERDALE, FLORIDA--(CCNMatthews - May 2, 2007) - Prime Time Group Inc., (PINK SHEETS:PRTH), ("the Company") is pleased to announce that it has completed its first acquisition and now has controlling interest in Southern Wheel Workz Inc., as part of its acquisition strategy and in diversifying its asset portfolio.

"This acquisition represents the first in a number of acquisitions to be announced that are consistent with the business and strategic plan announced in January of this year" says Johnny Ray Arnold, Chairman of Prime Time Group Inc.

Our expectations are to establish 30-50 Wheel Workz locations across Florida and other areas we have signed agreements for within the next three years. "With annual licensing fees , we are looking at $3.75 Million in licensing fees before location revenues" Says Johnny Arnold, "this could easily be a $100 million venture within a relatively short period of time.

"The rapidly expanding automotive rent-to-own industry represents nearly the same market percentage as the computer rent-to-own or about 4.7%." Says Dale Ingram CEO of Wheel Workz. "The opportunity for growth with Prime Time is enormous, franchises alone currently have revenues of approximately $4 Million per year and that doesn't include the licensing fees." Ingram adds "we provide the entire solution, SALES, Rent-to-Own, Service, and Repair for all vehicle types including high end cars like Lamborghini, Ferrari, Bentley, BMW and Mercedes to name a few."

Wheel Workz, the parent company; ( ) which is located in Memphis Tennessee, is the largest independently owned supplier of original equipment and custom wheels in the Mid-South region of the United States. Wheel Workz is also a leader in the successful automotive rent-to-own industry. Prime Time and Southern Wheel Workz Inc. signed a Franchise Agreement with Wheel Workz Inc. making them the Area Licensee, with area agreements to franchise in Florida, the Caribbean, Brazil, Panama, Argentina and Venezuela.


Prime Time Group ( is a forward thinking company that has interests in wireless products and services for today's youth market. By using retail, wholesale and internet delivery channels, the company has found unique ways to deliver the phones, accessories, mobile media and mobile games that are desired by a growing marketplace. In doing so it has established relationships with carriers such as Virgin Mobile, Fido, Sprint, as well as its own line of products such as Cherry Red Accessories and content. E-commerce division is online and will be announced shortly. Prime Time Group also has interests in the retail oil and gas, convenience store, and automotive sectors. All of which are complimentary.

Prime Time growth through acquisitions in diverse industry sectors is intended to develop a synergistic conglomerate of individual businesses which can benefit by each others market exposure. Each division and sector will utilize the others geographic locations and customer base to quickly boost the revenue and achieve immediate access to a broader customer base.

Robinson Wireless/ Prime Time Group Inc., is currently investigating growth opportunities in the Domestic United States, Canada, Latin America, and the Caribbean.

PR-7, Inc., the exclusive master Franchise of the largest Convenience store chain in the World for Puerto Rico and the Caribbean, operates 14, 7-Eleven convenience stores in San Juan, Puerto Rico. Prime Time maintains its interest in PR-7, Inc.

Legal Notice Regarding Forward Looking Statements

The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

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