Post by Warren on Jan 4, 2005 11:45:14 GMT -5
PRRM Prime Rate Invs Inc (OTHER OTC) 1/4/2005 12:42:07 PM ET
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Press Release for Prime Rate Invs Inc
Prime Rate Investors, Inc. Subsidiariy Announces Management Agreement for Smugg's TV-9
1/4/2005 12:42:00 PM
CAMBRIDGE, Vt., Jan 4, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that its wholly owned subsidiary, High Angle Media, Inc has entered a management agreement with Smuggler's Notch Resort, Inc. (SNR), a four season resort destination in Cambridge, Vermont renowned for its skiing and family programs. SNR has been rated "#1" for both winter and summer family and children's programs by USA Today, IndependentTraveler.com, and Ski Magazine. Smugg's TV-9 is a cable broadcast RSN affiliate owned by SNR and located at the Village of Smuggler's Notch, one of three villages in the town of Cambridge. RSN is a national television network that reaches more than 100 mountain and beach destinations across the U.S. and 55 million viewers annually. Prime Rate Investors, Inc. owns and operates two RSN affiliates, Stowe TV-10 in Stowe, VT, and Adirondack TV-33 in Lake Placid, NY, while PRRM's subsidiary High Angle Media also manages Sugarbush TV-12, in Warren, VT in addition now to Smugg's TV-9. Under the Management Agreement High Angle Media will perform all video production for SNR. "Smuggs' TV-9 brings tremendous value to our growing family of RSN affiliates," said Prime Rate Director, Pierce Williams, "by further affirming our prominence within eastern resort communities and increasing our market share growing appeal to advertisers," he concluded.
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. Based in Stowe, Vermont, its wholly owned subsidiaries include: High Angle Media, Inc., a video production company as well as Adirondack TV-33 and Stowe TV-10, both RSN network cable broadcast affiliates.
For more information, visit the company's websites www.prrm.us and www.highanglemedia.com and SNR's at www.smuggs.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
FAX: 888-607-9495
www.prrm.us
E-mail: info@stowetv10.com
Realtime Quote $0.00 - $0 (-50.00%) Refresh Quote
Press Release for Prime Rate Invs Inc
Prime Rate Investors, Inc. Subsidiariy Announces Management Agreement for Smugg's TV-9
1/4/2005 12:42:00 PM
CAMBRIDGE, Vt., Jan 4, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that its wholly owned subsidiary, High Angle Media, Inc has entered a management agreement with Smuggler's Notch Resort, Inc. (SNR), a four season resort destination in Cambridge, Vermont renowned for its skiing and family programs. SNR has been rated "#1" for both winter and summer family and children's programs by USA Today, IndependentTraveler.com, and Ski Magazine. Smugg's TV-9 is a cable broadcast RSN affiliate owned by SNR and located at the Village of Smuggler's Notch, one of three villages in the town of Cambridge. RSN is a national television network that reaches more than 100 mountain and beach destinations across the U.S. and 55 million viewers annually. Prime Rate Investors, Inc. owns and operates two RSN affiliates, Stowe TV-10 in Stowe, VT, and Adirondack TV-33 in Lake Placid, NY, while PRRM's subsidiary High Angle Media also manages Sugarbush TV-12, in Warren, VT in addition now to Smugg's TV-9. Under the Management Agreement High Angle Media will perform all video production for SNR. "Smuggs' TV-9 brings tremendous value to our growing family of RSN affiliates," said Prime Rate Director, Pierce Williams, "by further affirming our prominence within eastern resort communities and increasing our market share growing appeal to advertisers," he concluded.
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. Based in Stowe, Vermont, its wholly owned subsidiaries include: High Angle Media, Inc., a video production company as well as Adirondack TV-33 and Stowe TV-10, both RSN network cable broadcast affiliates.
For more information, visit the company's websites www.prrm.us and www.highanglemedia.com and SNR's at www.smuggs.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
FAX: 888-607-9495
www.prrm.us
E-mail: info@stowetv10.com