Post by stevpot99 on Oct 19, 2004 19:52:44 GMT -5
STOWE, Vt.--(BUSINESS WIRE)--Oct. 19, 2004--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced today the company has closed its acquisition of High Angle Media, Inc, the Stowe, Vermont based video production and management company. High Angle Media, Inc. produces television programming for national distribution including content airing on Fox Sports, RSN, and New England Sports Network (NESN) among others. High Angle Media, Inc. also produces a wide range of video projects including advertisements for national placement (including the accompanying video file). PRRM also owns Stowe TV-10, a cable broadcast channel and affiliate of RSN, a national outdoor and resort sports network. "The acquisition of High Angle Media will not only be accretive to Prime Rate Investors' earnings; it also presents the company with tremendous new opportunities in addition to assets and human resources necessary to our vision of growth in the media of commercial video, television and film production," asserted PRRM President and CEO Dan Burgess.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure.
About Stowe TV-10: Stowe TV-10 is a cable broadcast channel that carries RSN national and locally produced resort-sports programming to the Stowe, Mount Mansfield and Smuggler's Notch regions of Vermont - the most unique and historic hub of skiing in the Eastern United States. From its studio in the village of Stowe, Stowe TV-10 reaches nearly a million people a year.
For more information, visit the company's website www.stowetv10.com, visit www.highanglemedia.com, and view the attached video file.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contacts
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure.
About Stowe TV-10: Stowe TV-10 is a cable broadcast channel that carries RSN national and locally produced resort-sports programming to the Stowe, Mount Mansfield and Smuggler's Notch regions of Vermont - the most unique and historic hub of skiing in the Eastern United States. From its studio in the village of Stowe, Stowe TV-10 reaches nearly a million people a year.
For more information, visit the company's website www.stowetv10.com, visit www.highanglemedia.com, and view the attached video file.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contacts