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Wednesday, October 25, 2006 6:13:13 PM
I just sent this in a few minutes ago:
Please DO NOT distribute the AHDG dividend to:
Jeremy Contreras
Shareholder of Record
I continue to hold the former share dividend distributed to me by Prime Rate Investors (PRRM) orginally NHGP to later become CMSI and currently BPWW. After 2 years (PR Dated Sept 24, 2004 below) the costs associated with conversion of these restricted spinoff shares continues to outwiegh the value by 2x.
Please inform Mr. Burgess I hereby formally offer to surrender my AHDG share dividend directly to him in exchange for a one time cash value dividend. As a long term shareholder I appeal to the confidence of Mr. Burgess' recent business dealings with AHDG to find my exchange proposal beneficial.
As stated in the Press Release dated Sept. 28 2006 "Preventative Costs to Shareholders" was not considered by Prime Rate Investors at the time of the original NHGP dividend. I hereby request Mr. Burgess to approve good faith payment of no less than $100 to each beneficial shareholder in reciept of the original NHGP dividend. This request is in consideration of costs associated with the coversion of restricted shares, broker fees and paralell with Summus Works continued shareholder committment.
STOWE, Vt., Sep 24, 2004 (BUSINESS WIRE) --
Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that Richard Astrom has purchased certain assets of Tampa Bay Mortgage Services, Inc., a wholly owned subsidiary of PRRM in exchange for all of his common stock in PRRM as well as the common stock of other majority interest shareholders in PRRM.
PRRM completed a share exchange and purchased a television station, Stowe TV-10 in exchange for 15 billion shares of PRRM paid to the shareholders of Stowe TV-10. Stowe TV-10 is now a wholly owned subsidiary of PRRM. PRRM then sold its wholly owned subsidiary, Tampa Bay Mortgage Services, Inc. to National Hospitality Group, Inc. which is traded on the Pinksheets under the symbol NHGP. In this transaction, each shareholder of PRRM on record at close of business
on September 24, 2004 will receive one (1) share of NHGP for each 100 shares of PRRM owned on September 24, 2004. Damian Guthrie, president of Tampa Bay Mortgage Services, Inc will remain president of Tampa Bay Mortgage Services and is now the president of NHGP. The present officers and directors of PRRM have resigned and the new President is Daniel Burgess, the Vice President is Ian Lamphere and the Secretary is James Morris. Burgess, Lamphere, and Morris are also new directors of the Company along with Pierce Williams.
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