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AmeriNet Notes That PriMed Technologies To Increase Revenues With Extension Of Agreement With Madeline, LLC & Is Proceeding With Nationwide Expansion.


Business Editors

BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--April 24, 2001

AmeriNet Group.com, Inc. ("AmeriNet") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ABUY) noted that PriMed Technologies, Inc., a Delaware corporation ("PriMed"), which is a party to a consulting agreement pursuant to which AmeriNet stockholders will receive 10% of PriMed's common stock, has announced that it has entered into a material contract. The PriMed release is provided below in compliance with AmeriNet's obligations to prevent selective disclosure pursuant to recently promulgated prom·ul·gate  
tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates
1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce.

2.
 Commission regulation FD.

PriMed Technologies, Inc. has announced an extension of its agreement with Madeline, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a fund under management by Cerberus Capital Management, a Multi-Billion Dollar New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Hedge Fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . The contract references over $16,000,000 of accounts that are to be managed.

PriMed has been providing Madeline, LLC with administrative and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying  recovery services for the past several years in connection with their fund's financing of a physicians practice management company that previously owned seven medical practices in Miami-Dade and Broward County, Florida Broward County is a county located in the U.S. state of Florida. As of 2000, the population is 1,623,018; this makes it the second most populated county in the state. According to 2006 U.S. Census estimates, its population had grown to 1,787,636 [1]. .

"We expect this agreement to result in a 25% increase in revenue from the second to the third quarter," said Evan Brovenick, chief executive officer of PriMed Technologies.

Seth P. Plattus, managing director, Cerberus Capital Management, added, "We look forward to continuing this mutually beneficial agreement with PriMed."

PriMed Technologies, Inc. provides proven management and financial expertise along with the latest on-line technologies to its growing client base of physicians, hospitals and ancillary service organizations in South Florida. Nationwide expansion has already begun with a project now underway in Washington, D.C.

AmeriNet is a publicly traded holding company, which files periodic reports with the Securities and Exchange Commission.

For additional information about Primed Technologies, Inc., contact Andrew M. Rose at Marketing Ink, Inc.: 954-428-2678, andy@marketingink.net or for AmeriNet Group contact Charles J. Scimeca,: 561-998-3435, Fax: 561-998-4635, E-mail info@amerinetgroup.com Website www.amerinetgroup.com.

This press release contains certain "forward looking statements" and the information (as defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 Reform Act of 1995) concerning AmeriNet and PriMed that are based on the beliefs of AmeriNet's and PriMed's management, as well as assumptions made by and information currently available to PriMed and AmeriNet. Such statements reflect the current views of PriMed and AmeriNet with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of the underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed or expected. PriMed and AmeriNet do not intend to update these forward looking statements prior to announcement of quarterly or annual results.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 25, 2001
Words:430
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