Prime Rate Investors Inc. (fka PRRM)

[gorbec1]

Prime Rate Investors, Inc. Subsidiary Enters Sales Agreement
March 28, 2005 12:38:00 PM ET

Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary High Angle Media, Inc. entered a sales agreement with the National Hotel Television Network, a wholly owned subsidiary of Magic Media Network, Inc (OTC.BB: MGCN). National Hotel Television Network (NHN) is a leading television network with more than 500 hotels and over 140,000 hotel rooms throughout the U.S. Its premium hotel destinations include, among others, Ritz-Carlton, Four Seasons, Hilton, Marriott, Hyatt and Sheraton. NHN's programming is independently produced and distributed in eleven of the most important visitor markets in the U.S. Through its affiliates, the NHN reaches more than 2.6 million hotel guests per month in 143,000 upscale hotel rooms. High Angle Media will be spearheading a national advertising sales initiative for the National Hotel Television Network.

Gordon Scott Venters, CEO of Magic Media, stated: "We're excited to match the experience