Prime Rate Investors Inc. (fka PRRM)

[sublime]

Prime Rate Investors Inc Announces Effective Date of Stock Spin Off
Business Wire - September 28, 2004 14:38

STOWE, Vt., Sep 28, 2004 (BUSINESS WIRE) -- Prime Rate Investors Inc (PRRM) announced the effective date of the spin-off of shares in National Hospitality Group, Inc. (OTC.Pk: NHGP) to the shareholders of Prime Rate Investors Inc is October 15, 2004. The shareholders of Prime Rate Investors, Inc. will receive one (1) share of National Hospitality Group Inc. for each hundred (100) shares owned as of October 15, 2004. The share holders of Prime Rate Investors, Inc. will retain their Prime Rate Investors Inc shares in addition to National Hospitality Group Inc shares issued.

Earlier today, PRRM officials released the company's plan for growth detailing its intended expansion into horizontally related entities in the outdoor sports and media industries. "Through new acquisitions and by forging strategic relationships with these entities, the company's network of e-tail, retail, print and visual media will facilitate all the advantages of horizontal marketing: strategic cross-marketing, incentive advertising, multi-level promotion with secondary moneys, etc., while ultimately amplifying the name recognition of each entity through multimedia exposure," the company's plan states. The full text can be found at http://www.stowetv10.com/company.php.

About Prime Rate Investors (OTC.PK: PRRM): 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.

For more information, visit the company's website www.stowetv10.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

Prime Rate Investors
Dan Burgess, 802-253-0199
[e-mail]

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