Prime Rate Investors Inc. (fka PRRM)

[sludgehound]

Colorado RCN TV station News

News for 'PRRM' - (Prime Rate Investors, Inc. Subsidiary to Establish Colorado TV Station)

AVON, Colo., May 16, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc.
(OTC.PK: PRRM) announced its wholly owned subsidiary High Angle Media, Inc. has
signed a letter of intent with Comcast Corporation (NASDAQ: CMCSA, CMCSK) to
establish an RSN affiliate broadcast TV station in Steamboat, Colorado.
Steamboat is also known as "Ski Town, USA" and is home to Colorado's oldest ski
hill in continuous use. Coined "the Switzerland of America," and "playground for
the whole republic" by President Theodore Roosevelt, Colorado accounts for
twenty percent of all U.S. skier days, boasting seven of the nation's ten most
visited ski resorts.

"The RSN brand is very strong in Colorado; per capita it has the most RSN
affiliates of any state. The combination of this visibility, high visitor rate
and attractive market place provide the ideal opportunity for the growth of
Prime Rate Investors' network of affiliates," said Prime Rate Investors Director
Pierce Williams.