Prime Companies, Inc. Successfully Obtains Relief from a Guarantor Position, Enhances Balance Sheet

YUBA CITY, Calif. – Oct. 18 (SEND2PRESS NEWSWIRE) — Prime Companies, Inc. (OTC Pink Sheets: PRMC / PRMC.pk) announces that it has entered into an agreement with The Rural Utilities Service, a branch of the U.S. Department of Agriculture to retire a certain loan obtained by its subsidiary LMDS Communications, Inc. and therefore relinquishing itself of its position of guarantor on said defaulted loan.