PrimeHoldings.com Inc announced that its subsidiary TimeMarker Inc has concluded the acquisition of Brazil’s IT-Bibow INFO Ltd. PrimeHoldings.com Inc. is a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software.

The announcement stated that Briza Technologies Inc. which is being acquired by TimeMarker, Inc., a wholly owned subsidiary of PrimeHoldings.com, completed the acquisition of IT-Bibow INFO Ltd., a Brazilian information technology services company.

Briza Technologies is a Hillsborough, New Jersey based corporation whose primary business is the designing, manufacturing and marketing of wireless credit card payment solutions and Internet security devices. PrimeHoldings chief executive officer Thomas Aliprandi noted that with IT-Bibow as a wholly owned subsidiary of Briza Technologies, Briza is now commercially operational and ready to do business in Brazil.

Because IT-Bibow ’s senior professional and technical executives remain in their current positions, post acquisition, Briza will be able finalize negotiations and sign several significant revenue-generating agreements with strategic partners in Brazil that PrimeHoldings has been working on for the past several weeks, said Aliprandi. He further added that the investment will allow PrimeHodings to roll out Briza’s and IT-Bibow’s proprietary products in Brazil expeditiously.

Briza’s proprietary technology easily lends itself to a myriad of consumer product and service applications.  That is why the Brazilian Government-owned Federal University of Santa Catarina wants to join with Briza to develop our products and apply them to these diverse and specific markets, he said.

PrimeHoldings.com is a technology-oriented holding company that seeks to introduce and bring to market new e-commerce applications and business solutions. Its subsidiary, TimeMarker, Inc. is one of the first to market with a scalable internet exchange platform utilizing two-way wireless devices (e.g., pagers, PDA’s, Web phones) to provide consumers and service providers with an efficient, market based clearing mechanism for location-sensitive, time-perishable goods and Services.

TimeMarker’s technology is applicable in any vertical industry with perishable goods or services, high fixed costs, excess capacity, and hundreds or thousands of service providers spread across wide geographic regions include trucking, food services, and fleet management.

On the other hand, Briza Technologies, Inc. is a private corporation that creates and manufactures wireless credit card payment solutions and Internet security devices. Briza Technologies applies environmentally friendly technologies, or, if not available, invents such technologies, to solve real and practical problems in the credit card billing and Internet securities industries.