Premier Announces October Players Grille Unit Same Store Sales Comps Increase Over 19%

Premier Development & Investment, Inc. (OTCBB:PDIV)
announces that comparable same store restaurant sales at its
wholly-owned Players Grille subsidiary increased 19.5% during the
month of October 2005 compared with October 2004. Also, the number of
customers, measured by overall check counts, increased 25.6% during
October.
   For the three-months ended March 31, 2005, June 30, 2005 and
September 30, 2005, comparable same store restaurant sales increased
14.8%, 45.0% and 40.4%, respectively. For the same three-months ended
check counts increased 20.1%, 55.2% and 58.1%, respectively.
   Michael Hume, Players Grille's General Manager, stated, "Players
Grille is continuing to generate strong sales growth month over month.
We are even more pleased with October 2005's results because October
was our 15th month of continuous operation since acquiring the concept
and we are exceeding our own sales improvements from last year. More
importantly, we saw even sharper increases in higher margin beer and
liquor sales."
   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.