SOURCE: PrimEdge, Inc.

April 11, 2007 08:58 ET

PrimEdge CEO Releases Letter to Shareholders Describing Recent Accomplishments

BOCA RATON, FL -- (MARKET WIRE) -- April 11, 2007 -- PrimEdge, Inc. (PINKSHEETS: PEDG), a diversified holding company owning and overseeing the operations of two majority owned subsidiaries, DigiKidz, Inc. and Orangebox Entertainment, Inc., today released a letter to shareholders from President Brian Schuster.

In the letter, Brian Schuster summarizes the Company's recent accomplishments during the last few months of 2007 and cites key goals for PrimEdge in the coming months.

Letter to Shareholders:

Dear Shareholders:

These past few months have been very eventful ones for PrimEdge, Inc., and I want to draw your attention to some key company milestones.

First, as a Securities and Exchange Commission ("SEC") reporting company, I would like to draw to your attention that as of yesterday PrimEdge's Board of Directors has approved a plan to bring current all reporting of financial information and material events such that the company is fully compliant with all reporting requirements of the SEC. The Board of Directors and I feel that filing these reports will give all of our shareholders a better and more in depth understanding of the company's historical progress and operational results that set the stage for our long-term business growth.

To fulfill our financial reporting obligations in connection with the filing of these reports, PrimEdge, Inc. has engaged Berkovitz, Lago & Company, LLP, Certified Public Accountants and Consultants, located in Fort Lauderdale, Florida, to conduct the required financial audits and to conduct the appropriate reviews of PrimEdge's quarterly financial statements on Form 10-QSB, as well as to review all appropriate financial information relating to our subsidiaries pursuant to SEC guidelines.

I would like also like to mention a few notable advancements by the company, which I believe will significantly bring additional value over time to the company. So far in 2007 we have acquired Orangebox Entertainment, a preeminent production and post production services provider to the entertainment industry delivering next generation digital audio production and post production, expanded our client base through working with the majority of the leading television networks and film studios, and we were nominated for an Academy Award in Asia. These achievements and others lead us to believe with each recognizable milestone we are continually raising the barrier to entry in our respective fields and distancing ourselves from our competition.

It should be noted we also recently received a very favorable research Target Price of $4.00 by Beacon Equity Research Analyst, Lisa Springer, CFA. (The full report is available at

Going forward in 2007, the key activities for the company will be: 1) rapid growth through additional acquisitions, 2) expanding sales and marketing of its subsidiaries proprietary products, and 3) meeting all the necessary requirements to gain a listing on the AMEX or similar exchange.

PrimEdge continues to move forward with great enthusiasm regarding the accomplishments of the company in the early part of 2007 and with tremendous and focused confidence in the company's near and long-term business strategy.

I look forward to providing you with further updates on our company's development in the coming months, as we continue with what looks to be a very exciting and promising year for PrimEdge and all of its shareholders.

Below are some of our more significant headlines from 2007:

Tuesday April 10 -- PrimEdge, Inc. Subsidiary, Orangebox Entertainment, Recognizes Outstanding Growth in Digital Post-Production as Sony Pictures Blockbuster Thriller "Premonition" Breaks $50,000,000 Worldwide.

Tuesday April 10 -- PrimEdge's Subsidiary, Orangebox Entertainment, Announces Completion of Work on "Return to the House on Haunted Hill," From Dark Castle Entertainment, to Be Distributed by Warner Bros. Pictures.

Monday April 9 -- PrimEdge, Inc. Negotiates Exclusive Licensing Rights for Broadcast and Media Distribution of the "Absolute Fighting Championships" -- the Fastest Growing Spectator Sport in the U.S. and Worldwide.

Wednesday April 4 -- PrimEdge Subsidiary Orangebox Entertainment is Entering Major Motion Picture Sound Production Deal for Sequel to the Acclaimed Asian Action Film "AEGIS." Orangebox Entertainment Nominated for an Academy Award in Asia for Its work on the Original Motion Picture "AEGIS."

Monday April 2 -- PrimEdge's Subsidiary, Orangebox Entertainment, Announces Rapid Growth in Its Next Generation Digital Production Services With Major Network Pilots and Promotional Advertisements.

Thursday March 29 -- PrimEdge's Subsidiary Orangebox Entertainment Announces Multi Year Long-Term Digital Production Services Contract With Deviant Films of Los Angeles, California.

Wednesday March 28 -- PrimEdge, Inc. Announces Its Subsidiary, Orangebox Entertainment Expands Its Cable TV Projects With the SCI FI Channel; Owned and Operated by NBC Universal.

Wednesday March 28 -- PrimEdge, Inc. Subsidiary, Orangebox Entertainment, Continues Film Editorial Excellence for Global Media Giant Time Warner with Upcoming Theatrical Release From New Line Cinema 'Martian Child,' Starring John Cusack.

Monday March 26 -- PrimEdge's Subsidiary Orangebox Entertainment Announces Lionsgate Entertainment's "PRIDE," Starring Academy Award Nominee Terrence Howard and Bernie Mac, Opened in Theaters Nationwide Over the Weekend With Huge Success.

Thursday March 22 -- PrimEdge's Orangebox Entertainment Goes Garfield. Three Garfield DVDs Land At PrimEdge's Orangebox Entertainment.

Wednesday March 21 -- PrimEdge's Majority Owned Subsidiary DigiKidz Inc. Announces Distribution Agreement in Over 600 Sears Portrait Studios.

Tuesday March 20 -- PrimEdge, Inc. Acquires Orangebox Entertainment, Inc.

Thursday March 15 -- PrimEdge's DigiKidz Expands Product Line and Distribution, to Relocate to California.

Very truly yours,

Brian J. Schuster
President and CEO
PrimEdge, Inc.
About PrimEdge, Inc.

PrimEdge, Inc. is a diversified holding company, owning and overseeing the operations of two majority owned subsidiaries, DigiKidz, Inc., a producer and distributor of family entertainment DVDs, and Orangebox Entertainment, Inc., a production and post production services provider to the entertainment industry. PrimEdge, Inc. seeks rapid growth through additional acquisitions and the sales and marketing by its subsidiaries of proprietary products. Additional information about the company is available at:

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, activities of competitors, and intense competition in the Company's business. The Company's plan to become current in its SEC reporting should not be construed by any means as an indication of the present or future value of the Company or its common stock.

Contact Information

  • Contact:
    PrimEdge, Inc.
    Press Relations
    (561) 447-7977