Auto ''V'' to Open New Facility in New Orleans
19 January 2007 - 1:45AM
Business Wire
Premier Mortgage Resources, Inc. (OTC:PMRS) is pleased to announce
that Auto "V" Grooving, Inc., a world leader in the manufacture of
high precision fabrication machinery, will open a fabrication
business unit (FBU) in New Orleans. The New Orleans operation will
be one of the first of 12 FBUs that Auto �V� plans to launch in
strategically placed locations throughout the United States in the
next 36 months. It will serve the wood, solid surface and stone
fabricating industries that are integral to the thriving New
Orleans construction industry. �We are very excited that one of our
first FBUs will be in New Orleans,� exclaims Steven Brown, Chief
Executive Officer of Auto �V�. �Since our primary goal for the FBUs
is for them to have a positive impact on the economic development
of the areas in which they operate, we can not think of a more
ideal location for our first facility,� he says. �We believe it
will provide a huge boon to the already thriving construction
industry there. It is for these reasons that we are excited and
looking forward to being acquired by Premier and proceeding with
the establishment of these fabricating centers.� �Obviously, we are
convinced that having a major presence in that area will greatly
benefit Auto 'V' as well,� Brown asserts. �The city and surrounding
region are experiencing an exciting re-birth as a business
destination following the devastation of Katrina,� he declares,
citing the city�s recent designation by Inc. Magazine as one of its
�Top 25 Cities for Doing Business in America.� �Of course, the
success of the Saints has helped further amplify the city�s
comeback,� adds Brown. �I really do believe that they have become
�America�s Team� this season.� Safe Harbor -- This press release
includes forward-looking statements that involve risks and
uncertainties, including, but not limited to, product delivery, the
management of growth, market acceptance of certain products and
other risks. These forward-looking statements are made in reliance
on the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. For further information about these
factors that could affect Premier Mortgage Resources, Inc.'s future
results, please contact the Company directly. Prospective investors
are cautioned that forward-looking statements are not guarantees of
performance. Actual results may differ materially from management
expectations.
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