SOURCE: PrimEdge, Inc.

April 11, 2007 08:30 ET

Reminder: PrimEdge, Inc. Board of Directors Approves SEC Reporting Plan

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., a producer and distributor of family entertainment DVDs, and Orangebox Entertainment, Inc., a production and post production services provider to the entertainment industry, is pleased to announce that on April 10, 2007 its Board of Directors approved a plan to become current in its reporting with the Securities and Exchange Commission.

As an SEC reporting company, PrimEdge, Inc. is obligated to file quarterly and annual reports with the SEC, but has not done so since filing its third quarter 2005 report for the period ending September 30, 2005. Accordingly, to become current in its reporting obligations, PrimEdge, Inc. is required to file three Form 10-QSB reports for 2006 and its first quarter of 2007, as well as its annual Form 10-KSB reports for its fiscal years 2005 and 2006. To accomplish its financial reporting obligations in connection with those reports, PrimEdge, Inc. has engaged Berkovitz, Lago & Company, LLP, Certified Public Accountants and Consultants, located in Fort Lauderdale, Florida, to conduct the 2005 and 2006 audits and to conduct the appropriate reviews of PrimeEdge, Inc.'s quarterly financial statements on Form 10-QSB.

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: www.primedgeinc.com.

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