The Board of Directors of Prime Companies, Inc. Allow for Further Enhancement of Prime’s Balance Sheet by Approving a Plan to Convert Insider Debt into Equity

YUBA CITY, Calif. – Oct. 11 (SEND2PRESS NEWSWIRE) — Prime Companies, Inc. (OTC: PRMC / PRMC.PK) announces that it has entered into an agreement with its officers and an “insider” to convert debt into equity and therefore further enhancing its balance sheet. By virtue of the agreement, Prime Companies, Inc. realizes the benefit of relieving itself of over $1,200,000 in debt.