Prime Rate Investors, Inc. Issues Correction of NHGP Distribution Date, Announces Program Air Dates
via COMTEXNovember 3, 2004
STOWE, Vt., Nov 3, 2004 (BUSINESS WIRE) --
Prime Rate Investors, Inc. (OTC.PK: PRRM) retracted the distribution date announced earlier this morning, and issued a correction. On November 15, 2004, the company will issue shares of National Hospitality Group, Inc. (OTC.PK: NHGP) to Prime Rate Investors, Inc. shareholders on record as of September 30, 2004. The distribution of shares issued will be in the ratio of one (1) share of NHGP for every one hundred (100) shares of PRRM owned on September 30, 2004.
Additionally, PRRM announced that the Travel Channel will air "New England Thanksgiving," film content for which was shot by High Angle Media, Inc., a subsidiary of PRRM. The program, revisiting the history of Plymouth Plantation and the first Thanksgiving, also showcases tourist destinations including Colonial Lantern Tours and Plymouth Rock. It first airs on Nov. 18 at 9:00 PM and Nov. 19 at 12:00 PM on the Travel Channel. For more information on the program, or to view a schedule, visit the Travel Channel online at http://travel.discovery.com.
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. Based in Stowe, Vermont, its wholly owned subsidiaries include: High Angle Media, Inc., a video production company and Stowe TV-10, an RSN network affiliate and cable broadcast company that reaches nearly a million viewers annually.
For more information, visit the company's websites www.stowetv10.com and www.highanglemedia.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, Inc.
Prime Rate Investors, Inc. Dan Burgess, 802-253-0199 http://www.prrm.us E-mail: info@stowetv10.com
Copyright (C) 2004 Business Wire. All rights reserved.
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