Auto 'V' Plans Massive Expansion.

LAS VEGAS -- Premier Mortgage Resources, Inc. (OTC:PMRS) subsidiary Auto "V" Grooving, Inc., a world leader in the manufacture of high precision fabrication machinery, today announced its plan to open at least 12 new facilities over the next 36 months.

Auto 'V' initially plans to open 12 strategically placed fabrication business units (FBU) in the next 36 months. These FBUs will serve the wood, solid surface and stone fabricating industries in each region in which they operate. "We are establishing these FBUs with two goals in mind. First, we want to have a positive impact on the economic development of the areas we operate facilities in. Second, we want to provide the industries we serve with multiple options to increase their productivity through the use of our machinery. Those options include traditional purchase as well as three new programs: fabricating contract piece work at the FBU, an innovative lease program and simple rental program," states Steven Brown, Chief Executive Officer of Auto "V."

Brown continues, "Our new programs allow customers to take immediate advantage of the fabricating productivity improvements our technologies provide without the need for an immediate capital outlay. Upon the completion of the acquisition of our company by Premier, we will be able to begin to access the capital necessary to accelerate this operating plan." The company is already well advanced into the process of evaluating potential markets for each FBU.

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. 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.