SOURCE: PrimEdge, Inc.

April 30, 2007 08:06 ET

PrimEdge Engages PMG Capital and Halody Consulting to Assist in Financing Growth and the Scaling of Operations

BOCA RATON, FL -- (MARKET WIRE) -- April 30, 2007 -- PrimEdge, Inc. (PINKSHEETS: PEDG) announced today that it has signed financial advisory agreements with PMG Capital, LLC & Halody Consulting LLC, Jupiter, Florida, in which these firms will identify for PrimEdge new sources of capital investment which will be needed to assist in financing PrimEdge's growth and the scaling of operations. In addition, these firms will participate in all appropriate financial due diligence on new sources of capital, provide financial and business analyses of financing proposals, and provide financial structure recommendations. Terms of the agreements were not disclosed.

Brian Schuster, Chairman and CEO, stated, "As PrimEdge quickly moves ahead, having recently engaged public auditors (Berkovits, Lago & Company, LLP), advisors for mergers and acquisitions (Gulfstream Capital Group, L.C.), and specialists in public and investor relations programs (Mirador Consulting, Inc.), we felt the need to engage professionals to assist us with our capital formation strategies which are critical to sustaining our rapid progress. PMG and Halody fill that need."

About PrimEdge, Inc.

PrimEdge, Inc., Boca Raton, Florida, is a diversified holding company, owning and overseeing the operations of two majority owned subsidiaries, Orangebox Entertainment, Inc., Burbank, California, a production and post production service provider to the Entertainment Industry, and DigiKidz, Inc., Boca Raton, Florida, a producer and distributor of family entertainment DVDs.

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 the presence of new or additional competition and conditions of equity markets.

Contact Information

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