PRRM NEWS 2/1

[ToddCT]

Prime Rate Investors, Inc. Subsidiary Announces Historic Documentary

STOWE, Vt., Feb 2, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary, High Angle Media, Inc. is producing a half hour documentary in cooperation with Dr. Charles Houston, a pioneering scholar in the fields of mountain medicine and altitude sickness. The documentary will air as an episode of High Angle Media's "Backcountry TV," on the New England Sports Network and consists of Dr. Houston's historic footage captured during the 1938 and 1953 American expeditions to K2, the second highest mountain in the world. The brave story and events of the 1953 expedition remain a touchstone in the history of mountaineering, and the most renowned attempt on the 28,250 foot mountain, held as the most difficult and one of the deadliest climbs in the world. The program marks the first time in history that the entire story using the expedition's footage will be broadcast on television. "The members of the 1953 American Expedition to K2 have long been hailed as heroes in mountaineering - though they don't see themselves as such. It is our privilege to be honoring the memory of the team members that have since passed, and we are especially pleased to be presenting the full story for the first time on television," commented High Angle Media Producer Adam DesLauriers. Air dates will be announced on www.highanglemedia.com. Backcountry TV airs on NESN at 6:00 pm on Sundays and 5:30 pm on Thursdays.
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. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliates and High Angle Media, Inc., a video production company.

For more information, visit 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
E-mail: [e-mail]


Copyright (C) 2005 Business Wire. All rights reserved.

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[ToddCT]

you have to love how i get this news article at 12:55 when it is time stamped 1:47

It can't be the time zone, I am in the NY time zone, so unless the company gives PR's in Nova Scotia (I think they are an hour ahead of me), I don't know what the heck is wrong,,,

kind of funny

T

[ToddCT]

To me this PR doesn't mean much at all. It is nice to see that they are producing a good number of shows, but I still don't see any revenue numbers, or anything to say if this is normal or an extrordonary event.

T

[stevpot99]

I second that statement todd I don't think they need a pr every time the get a new job lets see the money and the filings

[Warren]

To us. we realize this is a fluff PR, though they are trying to show the general public and those newly interested in them that they are indeed very active in their day to day buisness.

As I understand from passt conversations, that PRRM is on an accelerated plan to get some other aquisitions done. I have a feeling with this accelerated plan, they may of found them selves needing to start paying a little more attension to the PPS than they intended to.

The PPS, or what was the PPS of this stock since August of 2004 has had no bearing, nor effect on any of their transactions or buisness plans. It would of had no affect if it traded at .005 as it did trading at .0001. The plan regarded the shares to have a real value of .0005 or 6 per share and the shares brought at least that much value with each share spent. All the deals were pretty much set in stone from the begining and we are just waiting for them all to transpire, wich to my knowledge they havn't.

To note the letter of intent that they just signed, was not one that I was aware of. In my beleifs this was very good news. I know these CEOs and I am very comftrble with their styles and agendas. It is not often that you see a company who has no care or didnt have a care in their current PPS. They know in time, before any of them can sell or will look at selling, the PPS will be there.