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Primus Posts 1st Profit Ever May 05, 2003 (Communications Today/PBI Media via COMTEX) -- Integratedcommunications provider Primus Telecommunications Group [Nasdaq: PRTL] reporteda first-quarter profit of $11.2 million, or 13 cents per share, compared to again of $9.8 million, or 15 cents a share, a year ago. The company's 2002first-quarter profit was primarily the result of a $27.3 million gain from thediscounted buyback of its debt. Without that one-time gain, the company wouldhave lost money in that quarter. The company had previously told Wall Streetthat it expected to become profitable later this year, but now expects to turn aprofit the rest of the year.Primus attributed its revenue gains to better-than-expected sales from thebusiness customers it acquired from Cable & Wireless PLC [NYSE: CWP] earlierthis year as well as strong Internet sales in Australia. McLean, Va.-basedPrimus offers voice and Internet services that are better known outside of theUnited States.MCLEAN, Va., May 1, 2003 (BUSINESS WIRE) -- PRIMUS Telecommunications Group, Incorporated (NASDAQ: PRTL a global telecommunications services provider offering an integrated portfolio of voice, data, Internet, and Web hosting services, today announced that it was named a winner in the Best Business Turnaround category for the first-ever American Business Awards(SM). Hailed as "the business world's own Oscars" by the New York Post (September 22, 2002), The American Business Awards are the first national, all-encompassing business awards program honoring great performances in the workplace. "In the course of two years, PRIMUS has come from the brink of expected oblivion to being the honoree this evening.
