Prime Companies Inc. Names Investment Banker:

Prime Companies, Inc. (OTC BB: PRMC) has engaged Grant Bettingen, Inc., (GBI) a 20 year old, Irvine based Investment Banking firm to provide investment services to the Company.

YUBA CITY, CA (PRWEB) March 10, 2004 --- Prime Companies, Inc. (OTC BB: PRMC) has engaged Grant Bettingen, Inc., (GBI) a 20 year old, Irvine based Investment Banking firm to provide investment services to the Company.

Bettingen, led by its founder Grant Bettingen and its newly formed Investment Banking team, lead by Steve Fryer, will provide market and consulting support to Prime, as Prime continues to solidify its market position and moves forward toward embarking in the implementation of its newly strategized business model including an aggressive and integral role of a WISP (Wireless Internet Services Provider) roll up.
Norbert Lima, the President and CEO of Prime Companies, Inc. is quoted as saying, We are pleased with our relationship with GBI as we move forward with renewed energy. The extensive experience of the banking team and GBIs longevity in the marketplace will serve us well".

About Prime Companies, Inc.:
Prime Companies, Inc., through its wholly owned subsidiaries Nacc-Tel, Corp., Prepaid Tel.com, and LMDS Communications Inc., currently provides Broadband and telecommunications services to both commercial and consumer customers throughout the U.S., with its primary focus on the California, Pennsylvania, and New York markets. The services offered include prepaid telecommunications, Broadband, interconnect, paging and voicemail services. The Company intends through its wholly owned subsidiary LMDS Communications, Inc. to provide LMDS (Local Multipoint Distribution Services) to various markets. LMDS is the broadband wireless technology used to deliver voice, data, Internet and video conferencing in the 28 GHz and higher Spectrum.

Statements in this news release regarding Prime Companies, Inc. that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statement to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Prime Companies, Inc.s actual results to differ materially from those described in a forward-looking statement: limited history of offering Prime Companies, Inc.s services in its current form; history of losses; increasing competition from existing or new competitors; increased telecommunications costs resulting from the expansion of Prime Companies, Inc.s services; rapid technological change; possible unavailability of financing as and if needed; dependence on a limited number of vendors, including without limitation third-party vendors for the provision and roll-out of the Prime Companies, Inc. broadband service; inability to achieve telecommunication cost savings through efficient hardware utilization; possible industry consolidation; and potential fluctuations in quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Prime Companies, Inc. with the Securities and Exchange Commission for a discussion of these and other important risk factors.

CONTACT:
Prime Companies, Inc.         
Norbert J. Lima            
President and CEO            
409 Center Street            
Yuba City, CA 95991-4500         
(530) 755-3580
www.primecompanies.com