Post by Warren on Oct 27, 2004 2:58:24 GMT -5
PRRM -- Prime Rate Investors, Inc.
Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Prime Rate Investors, Inc. Statement Regarding NHGP Spin-off
STOWE, Vt., Oct 26, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that management will issue a public statement releasing the details of the National Hospitality Group, Inc. spin off as soon as any and/or all such pertinent information is released to the company from NHGP's securities attorneys. "Expectedly, we have been inundated by investor inquiries regarding details of the spin-off," said PRRM President Dan Burgess. "We in turn focus attention daily to this issue, but unfortunately NHGP has not finalized details, nor released any further information to us as of this time. As soon as we receive any information at all we will make it public," he asserted.
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. Based in Stowe, Vermont, its wholly owned subsidiaries High Angle Media, Inc. and Stowe TV-10 are based in Stowe, Vermont. High Angle Media, Inc. is a video production company and Stowe TV-10 is an RSN network affiliate and cable broadcast company that reaches nearly a million viewers annually.
For more information, visit the company's websites www.stowetv10.com and www.highanglemedia.com.
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.
SOURCE: Prime Rate Investors, Inc.
CONTACT: Prime Rate Investors, Inc.
Dan Burgess, 802-253-0199
Fax, 888-607-9495
www.prrm.us
info@stowetv10.com
Copyright (C) 2004 Business Wire. All rights reserved.
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KEYWORD: VERMONT
INDUSTRY KEYWORD: TELEVISION/RADIO
CABLE
ENTERTAINMENT
TELECOMMUNICATIONS
RETAIL
INTERNET
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Business
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2004