Premier Releases 2nd Quarter Results

Premier Information Management, Inc. (PINKSHEETS: PIFR) today announced results for its second quarter of 2007. Total revenue for the second quarter of fiscal 2007 was up sixty three percent (63%) on this time last year at $179,454 and net income was -$13,000. This compares to total revenue of $109,000 and net income of -$49,000 (adjusted), as reported for the second quarter of fiscal 2006. Two key factors contributed to the improved net income, increased demand from our existing client base and the addition of new clients during May and June. "Second quarter results were slightly below expected but do demonstrate significant improvement in revenues over last year. 2006 was a difficult period for our shareholders with several attacks on the stock price. After dealing with those issues we turned our attention to the sales effort which has and will continue providing solid results." Said Tom Miller, Premier's chief executive officer. For a copy of this report go to: http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=11987 Premier plans to report third quarter results and additional sales information during October 2007. 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 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]