10/26/04 News

[Warren]

PRRM -- Prime Rate Investors, Inc.
Com (No Par)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Prime Rate Investors, Inc. Statement Regarding NHGP Spin-off

STOWE, Vt., Oct 26, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that management will issue a public statement releasing the details of the National Hospitality Group, Inc. spin off as soon as any and/or all such pertinent information is released to the company from NHGP's securities attorneys. "Expectedly, we have been inundated by investor inquiries regarding details of the spin-off," said PRRM President Dan Burgess. "We in turn focus attention daily to this issue, but unfortunately NHGP has not finalized details, nor released any further information to us as of this time. As soon as we receive any information at all we will make it public," he asserted.
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. Based in Stowe, Vermont, its wholly owned subsidiaries High Angle Media, Inc. and Stowe TV-10 are based in Stowe, Vermont. High Angle Media, Inc. is a video production company and Stowe TV-10 is an RSN network affiliate and cable broadcast company that reaches nearly a million viewers annually.

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, Inc.
Dan Burgess, 802-253-0199
Fax, 888-607-9495
www.prrm.us
[e-mail]


Copyright (C) 2004 Business Wire. All rights reserved.

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KEYWORD: VERMONT
INDUSTRY KEYWORD: TELEVISION/RADIO
CABLE
ENTERTAINMENT
TELECOMMUNICATIONS
RETAIL
INTERNET
Copyright
Business
Wire
2004

[Warren]

This dividend is for those on record on 10/15/04. It would of been good to own some of these shares back then for this dividend. This stock is in my opinion a good stock to buy and hold at this time.

Back to those getting the dividend. I have been noticing NHGP symbol on ameritrade every now and then become invalid. Tghe company name is also National Hospitallity Group. Both the name and symbol do not reflect a lending or mortgage company. I think that they have been playing with a name and possable symbol change. I think that this could be the reason for the delay.

The other thing great about this PR is that it came out in a timely fashion to answer our inqueries. In my conversations with this company and from the way they PR. I find them doing a good job to be fair and honest with the share holders.

Every thing stated as fact was and is to the best of my knowledge. All opinions stated are just my honest opinions at this time. I look foreward to reading your coments.

[liquidator]

As we've learned in the past, a name/symbol change can often be a way to combat naked shorting and dilution of the stock. This is a good move if done for those reasons.

[Warren]

D NHGP Symbol not valid. Try Find Symbol. (Lookup: NHGP) This is the message I get every now and then on stock list on Ameritrade. I am keeping my eyes and ears open.