PRSU - News of Dividend 07/31 - 3 Shares on 1

[jigar657]

Last Update: 11:07 AM ET Jul 31, 2007

FT. MYERS, FL, Jul 31, 2007 (MARKET WIRE via COMTEX) -- Prime Restaurants, Inc. (PINKSHEETS: PRSU) today announced that its Board of Directors has approved a 3 for 1 stock dividend.
The dividend will be paid to common shareholders only of record on August 15, 2007 and payable in unrestricted free trading common shares on August 29, 2007. Each common shareholder will receive 3 shares for every 1 share owned on the record date and payable as indicated.
The 3 for 1 common share dividend will not apply to management's restricted shares and will only be payable to the public common shareholders.
"The company is taking this action to increase the visibility and liquidity of the company within the investment community," said Cris Galo, President.
The current share structure of the company is 30,200,000 outstanding of which 24,236,802 are restricted for two years and in management's control, leaving 5,963,198 in the public float.
About: Prime Restaurants, Inc.
Prime Restaurants is a start-up restaurant holding company with an eye towards rapid expansion and revenue growth within the next 12 to 24 months. The company will focus only on major well-populated areas such as New York, Connecticut, New Jersey, Florida, Pennsylvania and North and South Carolina with locations that will generate a minimum of $2,000,000 per year at each location.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Prime Restaurants, Inc. Investor Relations Tel: 1-866-532-5908 Fax: 1-239-437-5777
SOURCE: Prime Restaurants, Inc.
Copyright 2007 Market Wire, All rights reserved. End of Story

After going up 500 % .. its back to up 260% right now .. seems best buy

[jigar657]

expert comments plz..isnt this stock worth buying ?

[M_BERTO]

I like this one , buying in heavy.

[M_BERTO]

18 million in the public float after the split makes this a steal at .038

[jigar657]

@ 0.035 Right Now

[M_BERTO]

good support today, ready for next leg up

[jigar657]

0.032/0.035 - B/A before open..

[Weirdharold]

I wanted to believe in this one BUT DD has left me with a lot of troublesome questions.

1. Prime Restaurants, Inc. supposedly bought its restaurant for $4.1Million from IBCX who has since changed to TSXT and a lot of black clouds here...
   
2. President & CEO and Majority Shareholder is Mr. Cris Galo... appears to actually be with Turner Hughes Corp. which is operated by IBCX CEO Edward Hayter

Hell that is enough... just being anyway associated with IBCX... or Edward Hayter... To me it appears there is way to much slight of hand involved.

But good luck to you guys. You may want to look deeper.

[jigar657]

whats the news on the dividend ?

[BigHenry]

Originally Posted by jigar657

whats the news on the dividend ?

I dont know but did you see the PR today? lol never seen that before, is that a common thing for a company to do? go after people for bashing?