Premier Information Management Inc Corporate Update

Phoenix, AZ -- Premier Information Management, Inc. (PINKSHEETS: PIFR) announced an intermediate corporate update regarding the recent Ontario Securities Commission Order and current investor relations activities. Following the recent Premier announcement of a 63% increase in sales, the Ontario Securities Commission (OSC) issued a cease trading order in Premier stock to certain companies and individuals. Premier has long maintained that it was the victim of an organized campaign to manipulate its stock price and subsequently has continued its investigation into last years share price movements. Premier welcomes this move by the OSC and believes this will make it possible to remove what the company believes was fraudulently obtained stock from the current issued stock. Interested investors should review the OSC order and contact Premier Information, Investor Relations with further questions. http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20071011_globalpartcap.jsp Premier is pleased to announce the hiring of Griffin Corporate Concepts Inc (Griffin), a specialist Discovery Investor Consultancy to provide specific investor communication services. Griffin will be responsible for new investor awareness campaigns, road shows and the distribution of presentation materials to interested individuals and organizations. The contract with Griffin will be published on the Pink Sheets News Service along with the third quarter financial results. http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pifr#getQuote About Premier Information Management, Inc. Premier Information Management, Inc. provides business critical information to the global Insurance and Healthcare industries by integrating fast and efficient database driven electronic content management systems to reduce and manage costly risk. Utilizing the most secure, flexible, and cost effective means to capture, manage and transmit sensitive information, Premier's EDI solutions are the new standard in the information management industry. About the Ontario Securities Commission To provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in their integrity. http://www.osc.gov.on.ca/index_en.jsp About Griffin Corporate Concepts, Inc. Griffin Corporate Concepts is a 'discovery investor' consultancy uncovering unique opportunities amongst companies in both public and private arenas well positioned for a significant turnaround with the proper guidance. Operating in international markets, Griffin places a high value on developing investor quality information channels and sharing these opportunities with like minded 'discovery' investors. Contact: Dwyane Yaretz 303-731-0153 For more information, including company news and investor relations information, visit the company's website at: www.premierinformationmanagement.com Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about Premier's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Premier does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contact: Premier Information Management, Inc. Investor Relations David Stothart 1-604-288-7781 [email protected] Griffin Corporate Concepts Contact: Dwyane Yaretz 303-731-0153