Premier Announces August Players Grille Unit Same Store Sales Comps Increase 46%

Premier Development & Investment, Inc. (OTCBB:PDIV)
announces that comparable same store restaurant sales at its
wholly-owned Players Grille subsidiary increased 46.0% during the
month of August 2005 compared with August 2004. Also, the number of
customers, measured by overall check counts, increased 67.5% during
August.
   These increases follow comparable same store restaurant sales
increases and check count increases for the three-months ended June
30, 2005 of 45.0% and 55.2%, respectively. For the three-months ended
March 31, 2005 the increases were 14.8% and 20.1%, respectively. For
July the increases were 40.9% and 57.0%, respectively.
   Michael Hume, Players Grille's General Manager, stated, "During
August 2005 we continued our trend of increasing same store sales. A
significant portion of the increase in sales came from increases in
sales of bottle beer, draft beer and liquor of 273.5%, 90.5% and
182.0%, respectively. These products carry significantly higher
margins compared to food sales. Additionally, we are now in the
beginning of football season where we typically experience our best
sales results of the year."
   Premier Development & Investment, Inc. is a publicly held
developer and operator of theme-based restaurant and bar concepts.
These concepts are developed internally and through partnerships with
other restaurant developers with the intent of building them into
full-fledged chains and franchise opportunities. Premier owns and
operates the Player's Grille Restaurant and Bar(TM), a casual dining
sports themed concept based in Florida.
   The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by
Premier Development & Investment, Inc.) contains statements that are
forward-looking, such as statements relating to the future anticipated
direction of the restaurant industry, plans for future expansion,
various business development activities, planned capital expenditures,
future funding sources, anticipated sales growth and prospective
dealings and joint venture projects. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of Premier. These risks and
uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing
management, financing activities, domestic and global economic
conditions, and changes in federal or state tax laws. For a
description of additional risks and uncertainties, please refer to
Premier's filings with the Securities and Exchange Commission.