news 07/25 Jul 26, 2005 1:40:09 GMT -5
Post by stevpot99 on Jul 26, 2005 1:40:09 GMT -5
Prime Rate Investors, Inc. Subsidiary to Establish Colorado TV Station
Business Wire via COMTEX
Jul 25, 2005 12:24:01 PM
ASPEN, Colo., Jul 25, 2005 (BUSINESS WIRE) --
Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its wholly owned subsidiary High Angle Media, Inc. has signed a letter of intent with Comcast Corporation (NASDAQ: CMCSA, CMCSK) to establish an RSN affiliate broadcast TV station in Aspen, Colorado. While Aspen is known as a playground of the rich, the city's location in the Rockies makes it a haven for all kinds of outdoor athletes, from world-class rock climbers and paddlers to famous mountaineers and cyclists. 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; 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 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. 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 based in Denver, CO.
For more information, visit the websites www.prrm.info, www.stowetv10.com, www.highanglemedia.com, www.rsn.com and www.aspensnowmass.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.
and still the price does not move wtf