200 South Wacker Drive, Suite 3100, 60606, Chicago, Illinois. |
February 15, 2013 |
Via Facsimile
Jorge L. Bonilla
Staff Accountant
Securities and Exchange Commission
Washington, D.C. 20549
Re: Prime Estates and Developments, Inc.
Form 10-K for the Fiscal Year Ended July 31, 2012
Filed October 26, 2012
File No. 000-54436
Dear Mr. Bonilla,
With respect to the above letter we received via email on February 7, 2013, this is to advise you as follows:
As requested, comments 1, 2 and 3 will be addressed in our next future Exchange Act periodic report, our report on Form 10-Q for the period ending January 31, 2013.
Comment 4 is addressed in Form 10-K/A filed on EDGAR along with this Correspondence.
Finally, this will confirm that Prime Estates and Developments Inc. acknowledges that:
· | Our company is responsible for the adequacy and accuracy of the disclosure in the filling; |
· | Staff comments or changes to disclose in response to staff comments do not foreclose the Commission from taking any action with respect to the filling; and |
· | The company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
If you have any comment or inquiry with regards to this letter, please contact me.
Yours Sincerely, | ||
/s/ Panagiotis Drakopoulos | ||
Panagiotis Drakopoulos, | ||
Principal Executive Officer |