5/9 PR

[ToddCT]

Prime Rate Investors, Inc. Votes to Reduce Authorized Common Shares

STOWE, Vt., May 09, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc.'s (OTC.PK: PRRM) board of directors announced it decided unanimously to reduce the company's authorized shares to 80 billion shares of PRRM common stock. As such, the shares are subject to all SEC and regulatory statutes. The company's share structure will be updated on and can be viewed at www.pinksheets.com.
PRRM President Dan Burgess asserted that the non-dilutive adjustment "will realize increased value to 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 that also manages two other RSN affiliates Sugarbush TV-12 and Smuggs TV-9. The Company's subsidiary, BCTV produces the outdoor adventure series "Backcountry TV." Prime Rate Investors also owns the majority interest of Stockli Ski USA, the exclusive U.S. distributor of Stockli skis, bikes and sportswear.

For more information, visit the websites www.prrm.info, www.stowetv10.com, www.neastmagazine.com, www.highanglemedia.com, and www.stockli.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 like PRs like this one, they are basically saying the shares count can no tnow go over 80bil and they wont dilute the stock anymore

T

[stevpot99]

Prime Rate Investors' Subsidiary Announces Nationwide Syndication


STOWE, Vt., May 09, 2005 (BUSINESS WIRE) -- (BusinessWire)


Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that its subsidiary BCTV has entered a broadcast agreement with RSN, for the syndication of the outdoor adventure series Backcountry TV. RSN is the 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. RSN's unduplicated annual reach is 55 million viewers. Its website is www.rsn.com. Episodes of Backcountry TV will air on RSN beginning May 30, 2005.

"RSN is excited to add Backcountry TV to our evening line up. They do a terrific job producing this show and BCTV will be a perfect fit for our Movie Night series, anchored by outdoor adventure films from the Banff Mountain Film Festival," said RSN President Jeff Dumais.

"This agreement furthers our relationship with RSN while simultaneously increasing the reach and brand awareness of the series, adding value to our national advertisers," said PRRM Director Pierce Williams.

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 Smuggs TV-9. Prime Rate Investors also owns the majority interest of Stockli Ski USA, the exclusive U.S. distributor of Stockli skis, bikes and sportswear.

For more information, visit www.prrm.info, www.stowetv10.com, www.neastmagazine.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.

Prime Rate Investors, Inc. Dan Burgess, 802-253-0199 www.prrm.us [e-mail]


Copyright Business Wire 2005

[Warren]

I am sort of shocked to see them lower the A/S to 80 billion.

I am also sure they will keep their word on no R/S.

I am pretty sure that all the entities that we have so far aquired have posotive cash flows, so we do not need to dilute to cover expenses.

Any further dillutions would be for aquisitions acording to what I have been told.

They are searching for other entities to aquire. Some I have herd are quite large.

Now, with those facts in mind, knowing all that we have aquired and what we might try to aquire, how are we to with this new ceiling of common shares.

Could be unknown share retirement or shares bought back so we do not need as many A/S anymore. I beleive that this company still needs shares to use for aquisitions. I also believe that they are tired of seeing the .0001 PPS.