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Prime Time Group Inc. (PRTH)
Announces the Opening of Two New Stores by Puerto Rico 7, Inc.
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"We are now, more
than ever, poised for great successes and with the
confidence of our shareholders, we will pursue growth
and value in the very near future." |
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FT. LAUDERDALE, FL - July 30, 2007 - Prime Time Group, Inc. (OTCPK: PRTH) is pleased to announce that Puerto Rico 7, Inc. has opened two new stores. The stores are recorded as Pinero II and Borinquen Towers. Both locations were researched demographically to deliver above average sales due to high traffic streets and communities directly surrounding the stores. The Management team believes that the stores will each quickly reach an annualized run rate of 1.2 Million dollars of sales. |
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Johnny Ray Arnold, chairman of Prime Time Group, stated, "Here we go! The expansion is underway. These two stores will represent a 10% revenue growth in 2007 alone. However, they are working on the next two convenient stores already, which will open in a couple of months. We have every reason to believe that the Puerto Rico operation will deliver very positive growth and profitability this year and in the years to come." |
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Prime Time
Group, Inc.
(OTCBB: PRTH)
www.primetimestores.com |
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Robinson Wireless is a
forward thinking company that focuses on wireless products and
services for today’s youth market. By using retail, wholesale
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mobile games that are desired by a growing marketplace. In
doing so, it has established relationships with carriers such
as Virgin Mobile, FIDO, and a soon to be announced US carrier,
as well as developing its own line of products such as Cherry
Red accessories as well as a content & e-commerce division
that is online and will be announced shortly.
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For
Corporate Information concerning wireless Business Plan,
visit www.robinsonwireless.com |
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Corporate
Mission
m
Through 7-Eleven's superior brand power, global scale
and scope, strong network, and proven results, Prime
Time is positioned with it's interest in PR7 INC. to
become a top performer in the convenience store
industry.
m
Expand 7-Eleven's presence in Puerto Rico based on an
innovative operating platform.
m Utilize expansion capital
to build market value for Prime Time Group, Inc.
shareholders. |
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Prime
Time Group, Inc. looks forward to working hand in
hand with PR7 INC., and it's interest in 7-11, INC. to
develop Puerto Rico and create greater returns for our
shareholders. |
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PR7, Inc.
operates 14 7-Eleven convenience stores in San Juan, Puerto
Rico. Prime Time continues to maintain its interest in PR7,
Inc. Armando Del Valle was appointed president in late June,
2006 and was chartered to maximize profitability and position
the company for expansion. The profitability goals are about
to be reached in December 2006 and the company has identified
three locations for expansion in early 2007. By the end of
2007 the company hopes to conclude the first phase of
expansion and intends to have the excess of 25 stores.
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As an example,
The Charoen Pokphand Group of Thailand acquired the 7-Eleven
license in 1989. They have grown dramatically to over 2,765
stores. Today, more than 2 million customers shop every day in
their stores, generating over US$985 million in annual sales. |
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The Puerto
Rican economy is vibrant. All sectors of the economy have
experienced explosive growth over the last few years and show
no signs of slowing. There are approximately 4 million people
on the island with nearly 1,700,000 in the greater San Juan
area. This equates to 1,000 people per square mile. The
population continues to increase as more of the island
develops. 7-Eleven is highly under represented in Puerto Rico
while at the same time experiencing increased brand
recognition and customer satisfaction. Prime Time will
be strategically poised to take advantage of these factors.
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7-Eleven ® is a registered
trademark of 7-Eleven, Inc.
Prime Time is proud of our relationship with 7-Eleven, Inc.
If you want to learn more about 7-Eleven, Inc. you can visit
their web site at
www.7-eleven.com
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The 7-Eleven
brand was represented at 29,465 locations worldwide at the end
of 2005, and one new store opens every 4½ hours. Outside the
US, 7-Eleven licensees consistently achieve higher per store
sales average than those of their key competitors.
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Prime Time
Group, Inc. looks forward to working hand in hand with our
partners below to create greater returns for our shareholders.
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Having interest in PR7 INC., creates opportunity for
Prime Time Group INC. We believe that up to 300 stores
throughout the island
are attainable over the next ten
years.
The economy is vibrant and consistently
improving. All sectors of the economy have experienced
explosive growth over the last few years and show no
signs of slowing.
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There are approximately 4
million people on the island with nearly 1,700,000 in
the greater San Juan area.
This equates to 1,000 people
per square mile.
The population continues to increase as
more of the island develops.
7-Eleven is highly under
represented in Puerto Rico while at the same time
experiencing increased brand recognition and customer
satisfaction.
Prime Time will be statistically poised to
take advantage of these factors.
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Why 7-Eleven?
The experts
agree. 7-Eleven invented the convenience store concept
and 7-Eleven has received a number of accolades for its
business performance and franchising opportunities,
including:
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A System Recognized by the Experts…
m
The first place ranking in Convenience Store News’
Top 100 Franchise Chains for 2005 (also taking top
honors
for 2003 and 2004)
m
Selection as Chain of the Year for 2005 by
Convenience Store Decisions magazine
m
14 years on Hispanic Magazine’s Top 100 Companies
providing the most opportunities to Hispanics
m
Inclusion among the Top 25 Franchises for Hispanics in
2005 by
Hispanic Trends Magazine
m
A ninth place ranking in Entrepreneur magazine’s
Top 500 Franchises® for 2006 |
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Through intense negotiations, we have
completed the exclusive rights to the entire
island of Puerto Rico. Experienced
management along with our relationship with
mega retailer,
7-Eleven, Inc., allows us
unlimited potential. If history is any
indication…
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Japan
m
7-Eleven entered the Japanese market in 1974
and now boasts over 10,000 stores
m
Seven-Eleven Japan's market value is a
staggering US$32 billion. (2004)
m
#1 in the Japanese retail store industry as
measured by operating income for seven
consecutive
years at 117 billion yen. (2004)
Taiwan
m
President Chain Store Corporation opened
their first 7-Eleven in 1980. Today, its
market value is approximately US$1.5
billion.
m
7-Eleven is the number one convenience store
as measured by operating income of US$96
million.7-Eleven Taiwan operates 3,655
stores and holds a 46% share of the
convenience store market.
Thailand
m
The Charoen Pokphand Group (CP –7-Eleven)
acquired the
7-Eleven license in 1989.
m
CP –7-Elevenhas grown dramatically to over
2,765 stores.
(2004)
m
Today, more than 2 million customers shop
every day in CP
7-Eleven stores, generating over US$985
million in annual sales. (2004) |
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