PRRM PR 2/28

[ToddCT]

Prime Rate Investors, Inc. Confirms No Reverse Split

STOWE, Vt., Feb 28, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) released a statement to shareholders to assuage the concern of a reverse split of the company's stock. "There will be no reverse split. We have never considered, nor intend to plan a reverse split," reiterated Prime Rate Investors President Dan Burgess. The statement was issued by the company having received numerous inquiries by concerned shareholders.
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. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company. The company also manages two other RSN affiliates, Sugarbush TV-12 and Smugg's TV-9.

For more information, visit the company's websites www.prrm.us 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.

[ToddCT]

I am glad to see that he is stating this again,

I never have worried about a R/S for this stock though so this is a non-issue for me.

T

[Cancri]

ToddCT does this stock will have a chance be again at 0.10? And when we can expect a move?

[ToddCT]

Cancri said:

ToddCT does this stock will have a chance be again at 0.10? And when we can expect a move?

.10? no I don't think so

I think the stock will get to the .0050 to .0070 range then settle back to .0020 for a long time

T

[stevpot99]

but the potential is there and don't get me wrong 0.10 is a little high but if new clients and bussinesses keep emerging they could move up with alot of potential

[Warren]

I would agree with Todd. I think if this stock crosses the penny point, I would consider selling 99% of my holdings.

I see this stock being worth about .0006-.0012, like I said worth or book value. Now we now they trade at 2 to 5 times book some more some less depending on revenue and profit.

My speculation and thoughts, this company will reach revenues in the near future or not so distant future of about 25 million dollars. I figure they will have about a 15 to 25 % profit margin. Just speculation, and personel thoughts of what this company has the potentials for.

Todd with those numbers book being in the range of .0006-.0012 with about 60 to 80 billion shares O/S 35 to 50 billion held by insiders. ( remember we do not have all the entities yet and shares will be spent for them in that book range.)

These are the figures that I see when we are all said and done. I know we have a wide range of 20 billion to play with, though it depends if they use the lower book or higher book per share.

[ToddCT]

Warren

do you really thingk the OS is that High??

I would guess it is closer to the 15 to 25b range.

And the book vlaue should be close to .0003 to .0006 but book vlaue is meaningless, it is earnings that is the key driver to worth of a company. The momentum should take this stock to level much higher than the multiple though.

T

[Warren]

I think our current O/S is about 20 to 25 billion, Though I beleive they are going to buy a few more entities that are reather large using profits and shares to aquire. That is why I was vague on the ending number as it depends on the cash they are making along with finale evaluations and what they use as book on the shares at that time.All these shares would have one year restrictions though shares originally restricted will be coming out of restrictions in August. I beleive everything will and should be done by then.

[ToddCT]

Warren said:

I think our current O/S is about 20 to 25 billion, Though I beleive they are going to buy a few more entities that are reather large using profits and shares to aquire. That is why I was vague on the ending number as it depends on the cash they are making along with finale evaluations and what they use as book on the shares at that time.All these shares would have one year restrictions though shares originally restricted will be coming out of restrictions in August. I beleive everything will and should be done by then.

Actually shares coming out of restriction is what I think is holding the price down right now. Some are just trying to get out not knowing what the future will bring.

I am just sitting still till the financials are released.

t