Prime Acquisition Corp. (OTCPK:PACQ.F) is looking for acquisitions. Prime Acquisition Corp.

William Yu, interim Chief Executive Officer and Director of Prime stated, “We are pleased to have reached these agreements with Messrs. Rotondi and Failla. This transaction is part of Prime's ongoing restructuring, which we believe is crucial to moving the Company toward generating positive cash flow.

Cancellation of the TVA eliminates substantial potential dilution to current shareholders and thereby bolsters shareholder value. We continue to explore opportunities in European real estate and look forward to seeking and evaluating potential accretive acquisitions in 2015.”