Prime Rate Investors, Inc. in Discussion to Launch

[ToddCT]

Prime Rate Investors, Inc. in Discussion to Launch Colorado Based TV Stations

STOWE, Vt., Mar 17, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it has entered discussions with Comcast Corporation to establish RSN affiliate broadcast TV stations in Colorado. Colorado was coined "the Switzerland of America" and "playground for the whole republic" by President Theodore Roosevelt. The state accounts for twenty percent of all U.S. skier days and boasts seven of the nation's ten most visited ski resorts. "The RSN brand is very strong in Colorado; per capita it has the most RSN affiliates of any state. The combination of this visibility, high visitor rate and attractive market place provide the ideal opportunity for the growth of Prime Rate Investors' network of affiliates," said Prime Rate Investors President Dan Burgess.
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.

RSN is a national television network that specializes in creating and distributing outdoor content for America's premier resorts, including more than 100 mountain and beach destinations across the country.

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
Dan Burgess, 802-253-0199
Fax: [phone]
www.prrm.us
E-mail: [e-mail]


Copyright Business Wire 2005

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KEYWORD: United States
North America
Colorado
Vermont
INDUSTRY KEYWORD: Entertainment
Other Sports
TV and Radio
Travel
Other Travel
Communications
Advertising
Sports

[ToddCT]

Now this is very big..................

T

[Warren]

Comcast, I didnt have much time to read it as it poped up just before I had to leave. Thanks for posting it Todd, I would concour that this is not so much fluff in the details. PRRM is showing great strides in their buisness plans, which would make them more profitable.

[ToddCT]

It basically states (to me at least) that they are interested in expanding to every area of the US that has a major skiing industry, so California and other Rocky Mountain states will be next

T

[stevpot99]

and still no movement can we all say NSS

[ToddCT]

and really the volume didn't do really change either, it was as if there was no PR.

They need to give us numbers so we can see what the company is doing and what it could be worth.

T