PHOENIX, AZ -- (MARKET WIRE) -- 07/11/08 -- Premier Information Management, Inc.(PINKSHEETS: PIFR) confirmed an extension to the current contract withNanohex Corp following the hugely successful upgrade by Nanohex toPremier's existing technology.Premier engaged Nanohex to improve client interface software in addition tointernal order processing and billing technology resulting in a 25%reduction in required manpower levels. Now Premier is looking to Nanohex todevelop further paperless automation systems and to develop the additionalsoftware tools allowing Premier to establish itself in lateral markets.
"The significant results achieved through Nanohex make the choice to extendtheir contract an obvious one. These additional development programs whichwe expect to complete towards the end of the year will allow for betterprofitability and the expansion of our services into other valuablemarkets," said Tom Miller, CEO of Premier.
About Premier Information Management, Inc.
Premier Information Management, Inc. provides business critical informationto the global Insurance and Healthcare industries by integrating fast andefficient database driven electronic content management systems to reduceand manage costly risk. Utilizing the most secure, flexible, and costeffective means to capture, manage and transmit sensitive information,Premier's EDI solutions are the new standard in the information managementindustry.
For more information, including company news and investor relationsinformation, visit the company's website at:www.premierinformationmanagement.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements aremade under the "safe harbor" provisions of the U.S. Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can beidentified by words or phrases such as "will," "expects," "anticipates,""future," "intends," "plans," "believes," "estimates" and similarstatements. Among other things, the business outlook and quotations frommanagement in this press release contain forward-looking statements.Statements that are not historical facts, including statements aboutPremier's beliefs and expectations, are forward-looking statements.Forward-looking statements involve inherent risks and uncertainties. Anumber of important factors could cause actual results to differ materiallyfrom those contained in any forward-looking statement. Premier does notundertake any obligation to update any forward-looking statement, except asrequired under applicable law.
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