SOURCE: PrimEdge, Inc.

August 15, 2007 08:30 ET

PrimEdge, Inc. Announces New Stock Symbol and Reverse Stock Split

BOCA RATON, FL--(Marketwire - August 15, 2007) - PrimEdge, Inc. (the "Company") announced today that it has changed the stock trading symbol of its common stock on the Pink Sheets to "PEDI" (PINKSHEETS: PEDI) in accordance with a reverse stock split of its issued and outstanding common stock, effective today, August 15, 2007, in the ratio of 600:1, with the rounding of any fractional share from the reverse split up to the next highest share. The reverse stock split does not affect the total number of shares authorized to be issued by the Company which remains the same.

About PrimEdge, Inc.

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

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