Correction: Prime Companies Releases Details of Agreement With Ave, Inc.

SAN FRANCISCO--(BUSINESS WIRE)--March 3, 1999--In a correction to its press release dated February 17, 1999, Prime Companies, Inc. (OTC BB:PRMC) has released details of its agreement with AVE, Inc. (OTC BB:AVEN). Prime Companies has signed an intellectual property transfer agreement with AVE and has paid AVE $50,000 worth of Prime Companies common stock.

In the agreement, AVE has granted Zenith Technology, Inc., a wholly-owned subsidiary of Prime Companies, the exclusive, unlimited, irrevocable worldwide rights to manufacture, use, market and sell devices based on AVE's intellectual property. The current distribution agreement between AVE and NASA had been voided prior to the signing of the intellectual property transfer agreement. The flat-plane antenna technology being developed by NASA as a result of its past relationship with AVE is being redesigned for added efficiency, which will result in a new patent. It is expected that the new patent will be applied for in the very near future and a new distribution agreement on Prime Companies' behalf will be secured within three to four months. No current patents have been transferred or signed.

The antenna technology is designed to operate in the 11.7 to 12.7 Ghz spectrum. This is the spectrum used by direct broadcast satellite (DBS) television providers such as Primestar, DirecTV and USSB.

Prime Companies has also announced that its Board of Directors has withdrawn its letter-of-intent to acquire the Pixel Factory of Orlando, FL. Prime Companies, Inc. is a fully-reporting public company located in San Francisco, CA. AVE, Inc. is a public company based in Denver, CO. For more investor information, please call David Lefkowitz, President of Prime Companies, at: [phone].

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.