Post by stevpot99 on Jul 22, 2005 23:52:16 GMT -5
Prime Rate Investors, Inc. Announces Location of Steamboat, Colorado TV Station
STEAMBOAT SPRINGS, Colo., Jul 22, 2005 (BUSINESS WIRE) -- (BusinessWire)
Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it has leased office and studio space located at 825 Oak Street in Steamboat Springs, Colorado, where the company is establishing an RSN affiliate broadcast TV station. The company has slated a September 1st launch date.
Steamboat is known as "Ski Town, USA" and is home to Colorado's oldest ski hill. Coined "the Switzerland of America" by President Theodore Roosevelt, Colorado accounts for twenty percent of all U.S. skier days, boasting seven of the nation's ten most visited ski resorts.
"The RSN brand is very strong in Colorado and we are thrilled with our location in Steamboat. It has great potential to be one of our most profitable assets," said Prime Rate Investors Director Pierce Williams. The company also announced yesterday that it is in discussions to establish an RSN affiliate station in Hunter, NY.
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; High Angle Media, Inc., a video production company that also manages RSN Sugarbush TV-12 and RSN Smuggs TV-9; and BCTV, the outdoor adventure series "Backcountry TV." The Company also owns the majority interest of N'east Magazine, an outdoor lifestyle publication, and Stockli Ski USA, the exclusive U.S. distributor of Stockli skis and bikes.
For more information, visit the websites www.prrm.info, www.stowetv10.com, www.adktv33.com, www.sugarbushtv12.com, www.neastmagazine.com, www.highanglemedia.com, www.stockli.com and www.steamboat.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 info@stowetv10.com
Copyright Business Wire 2005
