Prime Rate Investors Inc. (fka PRRM)

[jonblair77]

NEWS


Press Release Source: Prime Rate Investors, Inc.


Prime Rate Investors, Inc. Confirms No Reverse Split upon Name and Symbol Change
Monday April 25, 11:13 am ET


STOWE, Vt.--(BUSINESS WIRE)--April 25, 2005--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it is deliberating the appropriateness of several corporate names as submitted by shareholders. The company had previously announced its intention to assume a new name, inviting shareholders to enter submissions at www.prrm.info. While this assessment is underway, the company is still accepting suggestions on the website. The company is offering a weekend getaway to Smuggler's Notch Resort in Jeffersonville, VT to the individual whose suggestion is adopted by the company.
In response to shareholder concerns regarding a reverse split, management reiterated that there will be no reverse split upon the finalization of the company's name change.

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 Smugg's TV-9.

For more information, visit the company's website www.prrm.info and 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.



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Contact:
Prime Rate Investors, Inc.
Dan Burgess, 802-253-0199
[e-mail]
http://www.stowetv10.com