|
Exchange: Pink
Sheets
Market Cap:
12 Million
Float: 10 Million
Outstanding Shares:
30 Million
52 Week Low / High :
$ 0.14 / $ 0.57
Price February 22, 2006
$0.40
PRTH Recent Stock
Quote and News:
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Information As
Of February 22, 2006 |
'An example of what
Prime Time Group Inc. is trying to achieve is The Charoen
Pokphand Group of Thailand, which acquired the 7-Eleven
licence in 1989. They have grown to over 2,765 stores, with 2
million customers and annual sales of over $985 million.'
Overview
Prime Time Group, Inc. was organized to
acquire, operate, and grow convenience stores. More than half
of the 130,000 convenience stores in operation in the United
States today are individually owned and operated. PRTH
currently operates 14 stores in Puerto Rico.
Profile
Prime Time Group, Inc. bought Puerto Rico-7,
the sole purpose of which was to operate the 14 7-Eleven
convenience stores located in the greater San-Juan area.
As part of the acquisition Prime Time Group
has become the exclusive licensee for 7-Eleven brands
throughout Puerto Rico.
Prime Time Group is trying to follow the
example of another 7-Eleven licensee, The Charoen Pokphand
Group of Thailand (CP). CP acquired the 7-Eleven license in
1989, since then they have grown dramatically to over 2,765
stores. Today more than 2 million customers shop everyday in
their stores generating over $985 Million US in annual sales.
The Prime Time Model is a quite simple,
turn-key operation. Prime Time's primary intent is to build 7
Eleven stores in Puerto Rico to own and operate. A potential
franchisee can also approach Prime Time, and if they are
willing to invest their time and money, then they can apply
for a 7-Eleven franchise.
Investment Highlights
- Prime Time Group, Inc.announced that it has been
approved by 7-Eleven, Inc. to become the company's
exclusive area licensee in Puerto Rico and assume the
operation of the existing 7-Eleven stores in that
territory.
- Johnny Ray Arnold, Chairman and CEO of Prime Time
Group, said, ``After completing our initial market
research, Prime Time believes Puerto Rico is an area of
great opportunity. We plan to work closely with 7-Eleven
to use all of their license support resources to achieve
an aggressive store expansion program.
- Prime Time believes that becoming the exclusive
licensee of 7-Eleven in Puerto Rico will be of tremendous
benefit to the Company.
- 7-Eleven has over 28,000 stores worldwide with total
sales of approximately $41 billion in 2004. It is the
largest independent convenience store chain in the world
with the most recognized brand in the industry.
- An example of what Prime Time Group Inc. is trying to
achieve is The Charoen Pokphand Group of Thailand, which
acquired the 7-Eleven licence in 1989. They have grown to
over 2,765 stores, with 2 million customers and annual
sales of over $985 million.
- Prime Time Group has complete Audited Financial
Statements from Grant Thornton on all 14 stores. It is
Prime Times intent to become listed on the OTC Bulletin
Board, and hopefully to be listed on the American Stock
Exchange (AMEX) as soon as PRTH is eligible.
- Prime Time and 7-Eleven believe they are highly
under-represented in Puerto Rico and that across the
island more than 275 plus stores can be developed. The
upside growth is untapped for the Island. The size of the
island can be compared to the Dallas metro area in land
and population, in which there are over 300 stores today.
- In 2005, the 14 stores being acquired, in which 2 of
these stores were opened during the year, grossed
$17,495,505 in revenues. With more than $100,000 in
monthly sales per store average, PRTH could very well have
over 300 million in gross sales once they have met their
expansion goals.
Industry
- 25 million customers visit over 28,000 7-Eleven stores
in 18 countries.
- 7-Eleven had over 10 billion customer transactions per
year, with total worldwide sales of over $41 billion USD
- 1 new 7-Eleven store open every 4 hours
- with nearly 6,000 stores producing just under $11
billion USD in revenue, 7-Eleven is the industry leader in
the U.S.
- 7-Eleven year-to-year sales increase is 3 times higher
than the industry average
- 7-Eleven continues to act as the leader of the c-store
industy by introducing such services as 7-Eleven credit
card, pre-paid wirless cell phones and phone cards.
- 7-Eleven is the 4th largest retailer in Japan, they
are the number one convenience store chain in Taiwan and
Thailand.
Business Model
Prime Time Group will merge their operating
model with with the successful 7-Eleven Registered branded
name.
Store Operating Model Defined As:
- Average Size: 2,800 Square Feet
- $100,000 minimum in-store monthly revenue
- Proven management expertise to manage growth plan of
more than 100 stores.
The goal is to transition Prime Time's
efficiency and organization model to newly acquired or
developed stores to achieve immediate positive results.
Proprietary turnkey unit package capable of
delivering sales growth and profitability on a consistent
basis.
• Prime Time Group, Inc. and 7-Eleven, Inc. Announce Agreement
on Area License Agreement for Puerto Rico
(Wed, Aug 10)
• Prime Time Group Inc. Takes Steps Necessary to Become a
Fully Reporting Company (Fri, Jul 15)
• Prime Time Group, Inc. to Purchase 7-Elevens in Puerto Rico
(Wed, Jun 1)
Management Team
Johnny Ray Arnold - President & CEO
Mr. Arnold has 21 years of experience in the
convenience store/petroleum industry. He was respsosible for
developing a convenience store chain called Road Runner Food
Mart. As General Sales Manager of operations, he had complete
P&L responsibility for 121 stores and was also responsible for
maintaining a productive work enviroment for 1200 emplyees. In
1989, Road Runner was acquired by Total Petroleum, based in
Denver Colorado. Mr. Arnold was appointed General Sales
Manager of Retail Operations for the Mid-Continet Division,
responsible for 165 stores located in a six State Region and
managed 1690 emplyees. Mr. Arnold joined DEvlin Holdings in
2001- a growing Convenience Store business.
Andres Romero - VP & COO
Mr. Romero has been involved with 7-Eleven for
19 years. In 1987 he acquired the license to operate the
7-Eleven franchise for the territory of Puerto Rico and the
Virgin Islands. In the 1980's, Mr. Romero also was the
President and CEO of Tenoco Oil, Co., an established petroleum
distribution company primarily of diesel and gasoline. Due to
his efforts, today there are close to five independent
distributors whose total volume represent close to 10% of the
total gasoline volume.
Contacts
PRIME TIME GROUP, INC.
PO Box 170
1816 A State Highway 13
Blue Eye, Mo. 65611
417-779-2310/Fax 417-779-2312
FORWARD LOOKING
STATEMENTS
This report includes forward-looking
statements that reflect Prime Time Group Inc. current
expectations about its future results, performance, prospects
and opportunities. Prime Time Group Inc. has tried to identify
these forward-looking statements by using words and phrases
such as "may," "will," "expects," "anticipates," "believes,"
"intends," "estimates," "plan," "should," "typical,"
"preliminary," "we are confident" or similar expressions.
These forward-looking statements are based on information
currently available and are subject to a number of risks,
uncertainties and other factors that could cause Prime Time
Group Inc.'s actual results, performance, prospects or
opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements. These risks,
uncertainties and other factors include, without limitation,
the Company's growth expectations and ongoing funding
requirements, and specifically, the Company's growth prospects
with scalable customers, and those outlined above. Other risks
include the Company's limited operating history, the Company's
history of operating losses, consumers' acceptance, the
Company's use of licensed technologies, risk of increased
competition, the potential need for additional financing, the
terms and conditions of any financing that is consummated, the
limited trading market for the Company's securities, the
possible volatility of the Company's stock price, the
concentration of ownership, and the potential fluctuation in
the Company's operating results.
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