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Subject: PRTH - Prime Time Group - March02, 2006



 

  SmallCapReview  
  March 2, 2006  
 

Prime Time Group (PRTH) 

Website: Click 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.

Disclosure

SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.  

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