Prime Investments International Group Limited Interim Results 31 August 2011

Prime Investments International Group Limited (the "Company")
 
INTERIM RESULTS TO 31 AUGUST 2011
 
Statement by the Board
 
The Board and the senior management continue to work very hard to create a sound platform for our future activities and are on track to commence commercial activities in H2 2012.
 
The profit and loss statement shows no significant revenues as the major focus of the past twelve months has been the listing on London's PLUS stock exchange. This was successfully completed in July 2011.
 
The results for the year ending 31 August 2011, show a loss of GBP2,538,906. The Interim Report has not been reviewed by the Company's Auditor. The high figures in professional and administrative expenses are primarily due to the legal work and to the costs of advisors who were appointed to achieve the PLUS listing.
 
There is no doubt that the current economic climate is making life difficult for all businesses around the world. However, I believe that the solid base we are building now will stand us in good stead for the years ahead.
 
This announcement is being made as the directors have resolved to extend the Company's year end from 31 August to 31 December. Accordingly, a revised publication timetable under the PLUS Rules will apply.

For complete results, please visit the PLUS Markets website.