PBS Holding, Inc. Announces Date of Annual Shareholder Meeting; Will Elect New Board to Continue Company Business Strategy

Business Wire, Oct 18, 2005

SAN ANTONIO -- PBS Holding, Inc. (OTCBB:PBHG) announced that its annual meeting of stockholders is to be held at the Venetian Resort Hotel & Casino, 3355 Las Vegas Boulevard South, Las Vegas, NV on November 7, 2005 at 11 a.m. Pacific Time. The agenda for the meeting is as follows: 1) Elect three (3) directors to the Board to serve until the next annual meeting of shareholders. 2) Transact such other business as may properly come before the board. All shareholders are cordially invited to attend the meeting. Shareholders of record as of October 14, 2005 who are unable to attend may vote by proxy.

"This meeting is significant as it provides board-level validation of our business strategy, and will allow our shareholders an opportunity to participate in Company business and meet with the management team," says PBS President Rick Matthews.

About PBS Holding, Inc.

The business of PBS Holding, Inc. is to operate in the Human Resources Outsourcing Services Sectors, specifically the Professional Employer Organization industry and the Temporary Staffing Services Industry through its subsidiaries Primary Business Systems LLC, Primary HR Services LLC and Concord Staffing Services. The subsidiaries of PBS serve small to medium-sized businesses by outsourcing the human resource burden of reporting, regulations, legalities, screening and administration. We help clients compete more effectively by allowing them to focus their resources on serving customers and building their business. PBS is becoming an end-to-end business services company with a value proposition that integrates HR, insurance and related business services.

Safe Harbor:

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Primary Business Systems, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions, as well as risk factors contained in our periodic reports filed with the SEC. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.