Premier Moves to Temporary Corporate Web site www.premierdev.info

Premier Development & Investment, Inc. (OTCBB:PDIV),
today announces that it has moved its Web site to
http://www.premierdev.info instead of its normal address of
http://www.premierdev.com due to technical issues and attacks that has
been plaguing the original site since early yesterday. The Corporate
web site of Premier's wholly-owned subsidiary, Players Grille has also
been temporarily moved to http://www.playersgrille.info instead of its
normal address of http://www.playersgrille.com
   Premier is further informing its shareholders, the investment
public, regulators, its suppliers and customers that the only
informational web site sources containing official and company
approved content will be http://www.premierdev.info and
http://www.playersgrille.info until such time that the Company
releases a subsequent press release.
   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.