Consumer entertainment Vince Gill companies similar to Premier have

Consumer entertainment unveils companies similar amy grant gill displays to Premier have alsoexperienced extremely substantial declines in share price and attendance due toa commonly acknowledged global recession. Although management believes that theCompany has no true competitors, there are certain public companies that ownsimilarly unique entertainment assets For example, CKX, Inc. is a publiclytraded entertainment company whose primary assets include the rights to thenames and images of Elvis Presley and Muhammad Ali and rights to the AmericanIdol television series The common stock of CKX, Inc. has experienced a nearly90% decline in price since June of 2007, declining from $15.34 per share to arecent low of $1.55 per share Live Nation Inc. is a publicly tradedentertainment company that owns and operates live music venues such as theFillmore in San Francisco and Nikon at Jones Beach Theater in New York Theprice of the common stock of Live Nation Inc. was trading at $24.05 per share inJune of 2007, and was recently trading at $2.73 per share, a drop of nearly 89%.The performance of the share prices of these entertainment companiesdemonstrates that the share prices of other publicly traded entertainmentcompanies have recently suffered extremely substantial declines.Why Does Sellers Think that Significantly Increasing Board Compensation WillHelp Turn the Company Around? Ironically, while Sellers Capital allegescorporate excess by current leadership, and paints a dire financial picture ofthe Company's future, Sellers intends to significantly increase the compensationof Premier's directors in the event its four nominees are elected to fill thevacancies on the Board.

Specifically, Sellers Capital proposes that its fournominees and two designees plus Premier's other independent directors each bepaid an annual retainer equal to $100,000 (approximately $900,000 per year, incash and equity), in addition to meeting fees and out-of-pocket expenses . Thisshould be contrasted with the aggregate compensation of Messrs, Banker, Cretan,and Reed, which was approximately $100,000 combined for the Company's fiscalyear ended February 28, 2008 brooks & dunn . The Company's independent directors currently donot receive an annual retainer country music . Generally, the Company's policy is to issue25,000 shares of common stock to a director upon his or her appointment and toissue an option to purchase 75,000 shares of common stock every three years(with the first such grant made upon a director's appointment) country music concert . In addition,directors receive a $1,000 per diem meeting fee for in-person attendance, or a$300 per diem meeting fee for telephonic attendance, at Board and committeemeetings, plus out-of-pocket expenses, and the reimbursement of certaininsurance premiums.

The Chairman of the Audit Committee receives an additional$2,500 annually, and the Chairman of each of the Compensation Committee and theCorporate Governance and Nominating Committee receives an additional $2,000annually . In the Board's opinion, paying high director fees to Sellers' fournominees and two designees on the Board should not be a priority in theseextremely difficult financial times Furthermore, shareholders should note thatMr country music listen . Geller agreed to defer 49% of his compensation.Is Sellers Trying to Acquire Control of Premier Without Paying PremierShareholders a Control Premium? While Mark Sellers doesn't control Mark Hugh Samin the literal sense, Mr country music news . Hugh Sam is an employee of Sellers Capital, and notsurprisingly, Mr Hugh Sam voted in the exact same manner as Mr country music online .

Sellers onevery single issue presented for a Board vote, even, sometimes, in opposition tomatters supported by all of the other directors . Further, while Sellers Capitalasserts that "each of our nominees would be 'independent' under the listingstandards of the NASDAQ Stock Market," this statement is false and misleading country music videos . Adirector is not deemed "independent" under the listing standards of the NASDAQStock Market until the board of directors of the listed company makes anaffirmative determination that, among other things, such person does not have arelationship which, in the opinion of such company's board of directors, wouldinterfere with the exercise of independent judgment in carrying out theresponsibilities of a director george strait . Although Sellers Capital discloses that none ofits nominees is currently affiliated with Sellers Capital or has any contractualarrangements relating to Sellers Capital's consent solicitation, suchdisclosure, alone, is not a sufficient basis on which to conclude that the Boardwould determine that each of Sellers' designees is free from any suchdisqualifying relationships go rest high on that mountain . There are a number of types of relationships thatmay exist between Sellers Capital and its nominees that could preclude the Boardfrom determining that such nominees are independent. The process of assessingsuch relationships is handled by our Board's Corporate Governance and NominatingCommittee based on, among other things, responses to detailed independencequestionnaires, interviews and the conduct of background checks.

Sellers Capitalhas chosen to forego this process with respect to its nominees, and as a result,there is no way at this time to determine whether Sellers' nominees are truly"independent" under the listing standards of the NASDAQ Stock Market . Moreover,Sellers' Consent Solicitation Statement very clearly, and repeatedly, aligns itspurported "independent" nominees with Sellers Capital and Mr jeff bates country music . Sellers and Mr.Hugh Sam, implying that Sellers' "plan" for the Company will be implemented by"(Sellers') nominees, together with (its) two current board member designees,"including Sellers' plan to terminate Mr vincegill . Geller as CEO and Chairman of the Boarddespite the fact that such "independent" nominees do not know Mr Geller, andhave not conducted an independent investigation .