Premier Announces July Same Store Sales Comps at Players Grille Unit Increase Over 40%

Premier Development & Investment, Inc. (OTCBB:PDIV)
announces that comparable same store restaurant sales at its
wholly-owned Players Grille subsidiary increased 40.9% during the
month of July 2005 compared with July 2004. Also, the number of
customers, measured by overall check counts, increased 57.0% during
July.
   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.
   Michael Hume, Players Grille's General Manager, stated, "We are
extremely pleased with the July 2005 results. As with the trend we
have witnessed during the course of the year, much of the increase in
sales came from significantly increased sales of beer, liquor and
wine, which are higher margin products."
   J. Scott Sitra, Premier's President and Chief Executive Officer,
commented, "Mike continues to do an exceptional job with the Players
Grille subsidiary. We fully anticipate this trend of higher sales,
especially in regards to beer and liquor sales, to continue throughout
the remainder of the year and into next year. September marks the
beginning of football season which is historically when the Players
Grille subsidiary generates its best financial results."
   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.