Prime
Time Group (PRTH)
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Here
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.
An example of what Prime Time
Group is trying to achieve is The Charoen Pokphand
Group of Thailand, which acquired the 7-Eleven license in
1989. They have grown to over 2,765 stores, with 2 million
customers and annual sales of over $985 million.
Profile
Prime Time Group, 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.
Preliminary sales figures
for 2005 show the company increased gross sales by 9.4%.
Total sales in 2004 were $16,953,755. Sales for the same
period in 2005 were $18,031,471.
Investment
Highlights
- Prime Time Group,
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 license 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 the company 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.
- Preliminary sales
figures for 2005 show the company increased gross
sales by 9.4%. Total sales in 2004 were $16,953,755.
Sales for the same period in 2005 were $18,031,471. 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.
- 1 new 7-Eleven store opens every 4 hours
- With nearly 6,000 stores producing just under $11
billion 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 industry by introducing such services as
7-Eleven credit card, pre-paid wireless 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.
Recent
News From the Company
Prime
Time Group, Inc. Announces Sales Top $18,000,000
Prime
Time Group, Inc. Announces the Acquisition of Fourteen 7-Eleven Stores in Puerto
Rico
Prime
Time Group, Inc. Announces Forward Stock Split
For the latest Quote and News on PRTH
Click Here
Management Team
Johnny Ray Arnold - President & CEO
Mr. Arnold has 21 years of experience in the
convenience store/petroleum industry. He was responsible 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 environment
for 1200 employees. 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-Continent Division, responsible for
165 stores located in a six State Region and managed 1690 employees. 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.
Market
Snapshot
Market
Cap: 10.5 Million
Outstanding
Shares: 30 Million
Price
March 2, 2006 $ 0.35
52 Week Low / High :
$
0.14 / $ 0.57
Contact
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's current expectations about
its future results, performance, prospects and
opportunities. We have 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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