Prime Time Group, Inc. Announces The Acquisition Of Fourteen 7-eleven Stores In Puerto Rico

BRANSON, MO (Wednesday, February 22, 2006) - Prime Time Group, Inc. (OTC: PRTH) announces that its affiliate, PR-7 Acquisition, LLC, has acquired all of the outstanding shares of the exclusive 7-Eleven area licensee for Puerto Rico, which operates the fourteen existing 7-Eleven convenience stores in Puerto Rico.

Johnny Ray Arnold, Chairman and CEO of Prime Time, said, "The Company will start focusing on growth opportunities on the Island. We plan to work closely with 7-Eleven to use all of their license support resources to achieve an aggressive store expansion program. We will also undertake an image-enhancement program for existing stores, and develop a marketing strategy to raise awareness of 7-Eleven in Puerto Rico. We believe that the acquisition should result in significant benefits to the Company and its shareholders."

7-Eleven is the largest independent convenience store chain in the world with the most recognizable brands in the industry.

Prime Time plans to take steps to become a fully reporting company and intends to file for listing on the American Stock Exchange (AMEX).

Forward-looking statements

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of the Company may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins, expenses, charges, earnings or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning the expected development, performance or market share relating to products or services; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. The Company assumes no obligation and does not intend to update these forward-looking statements.

For More Infromation Please contact:
Johnny Ray Arnold
Phone: (417) 779-2310
Email: jarnold@primetimestores.com

View all 7-Eleven Press Releases

This article has been read 349 times.

Printer Friendly