Prime Rate Investors, Inc.

[fastwalker]

Prime Rate Investors, Inc. Subsidiary Contracted by Nickelodeon
2/24/2005 1:14:00 PM

WILLISTON, Vt., Feb 24, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary High Angle Media, Inc., a video production company, has been contracted to film for Nickelodeon's Game and Sports channel (Nick GAS), the only cable broadcast and Dish Network channel designated to games and sports for kids. Nick GAS will broadcast Burton Snowboards' "Burton Prorider Sweepstakes Payoff," and High Angle Media will cover the event at the Burton factory in Williston, VT, in addition to action snowboarding segments at Stowe Mountain Resort in Stowe, VT. "We are most encouraged by the fact that major networks are increasingly reliant upon High Angle Media services when creating outdoor sports related programming," said High Angle Media Production Manager Pierce Williams. For more information on Nick GAS, visit www.nick.com/all_nick/gas/index.jhtml.

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 that also manages two other RSN affiliates, Sugarbush TV-12 and Smugg's TV-9.

For more information, visit the company's websites www.stowetv10.com, and www.highanglemedia.com.
Company contact: Dan Burgess:
Telephone: [phone]
FAX: [phone]
www.prrm.us
E-mail: [e-mail]

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.
Prime Rate Investors, Inc.
Dan Burgess, 802-253-0199
FAX: [phone]
E-mail: [e-mail]

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