3/8/05 PR

[Warren]

Press Release for Prime Rate Invs Inc


Prime Rate Investors, Inc. Signs LOI to Acquire Majority Interest of N'EAST Magazine
3/8/2005 2:58:01 PM
STOWE, Vt., Mar 08, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it signed a letter of intent to acquire the majority ownership of N'EAST Magazine, the publication dedicated to outdoor adventures, sports, travel and lifestyle in and around northeast North America. Based in Osterville, MA, the magazine's premiere issue was released in August, 2004. "N'EAST Magazine represents an ideal opportunity to further expand Prime Rate Investors multi-media presence in the outdoor sports and travel industries. It is fully in line with our vision of growth and shows tremendous potential for market share capture and increased revenues," said Prime Rate Investors Vice President Ian Lamphere.

For more information, visit the websites www.prrm.info and www.neastmagazine.com.

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.

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]
www.prrm.info
E-mail: [e-mail]

[Warren]

This magazine is small but a great form of advertising revenue.

I am still looking for another LOI, to aquire another asset.

Though so far look at what has been aquired and what they the company profiles states. Advertising. retail and etail.

We so far have great advertising with alot of revenue. Remember we are also a distributer and according ly we are given money to advertise or to assit on advertising to distribute the brand name. This funding is direct revenue as we own the sources doing the advertising. We also own the source for creating the addvertising. We have a nice circle all feeding of eachother creating more revenue for eachother and reducing costs for eachother.

Now where is the retail and etail out lets? I exspect to see some things in this line that will blow every one minds.

We get paid to cretate adds for what we get paid to advertise we get paid for distributionto ourselve where we get paid for what we sell.

We own the works.

[stevpot99]

when the name change comes in I think it is going to show something is wrong here the nss problem is all over PRRM which might be alot worse than CMKX

[ToddCT]

The name change wont do anything about the NSS, the short will just be translated into the new ticker.

There is no other way to stop the short until the company files and is elligable for the SHO list.


This Pr might be why the shares were so low, maybe the company needed to raise a bit of money to buy this company out, just about every merger invoves cash as well as stock, no company would take 100% of compensation in the form of a noname pick sheet company.

This actually eases my mind, I don't mind a bit of dilution for the purpose of adding more revenues and income to the company.

I like this PR

T

[Warren]

company needs no money to buy these entitties. They ( big secret) already owned them.

[Warren]

I think they own a few other items as well.

[ToddCT]

Warren said:

company needs no money to buy these entitties. They ( big secret) already owned them.

And how would you know this?

They will of course will need cash to buy these companies, the previous owners wouldnt take shares of a pinky that cna drop 90% in a day in exchange for a company that they spent years building. It wouldnt make goo dbusiness sense.

It doesnt matter that they issued shares for it, if the comapny is worth more than the shares the spent for it then its a good deal.

T

[ToddCT]

Warren, do you have any insight on when they plan on filing?

I havent seen any kind of info on what they are doing about it.

T

[Warren]

They will file when they are through aquiring.

They need no money to aquire what they are aquiring. This I am sure of.

[ToddCT]

Warren said:

They will file when they are through aquiring.

They need no money to aquire what they are aquiring. This I am sure of.

How are you so sure?

Come on give me specifics, have you spoken to them, do you have other info, what?

Seriously, how are you so sure......

T