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Prime Rate Investors, Inc. Announces Feature Film Contract

January 05, 2005 13:38:00 (ET)

STOWE, Vt., Jan 5, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary High Angle Media, Inc. has signed a letter of engagement for the production of the feature film "The Magic Snowman II," the sequel to the 1988 feature family film distributed by Miramax Films and Artisan Entertainment. The character of the Magic Snowman is again to be voiced by Roger Moore, with principal production taking place in Vermont and Slovenia in the winter of 2005-'06. The production budget for the U.S. portion of the sequel's production is $1.6 million. The holiday-oriented film shot in High Definition video format will also benefit the United Nations Children's Fund (UNICEF), the principal motivation for the casting of Moore and Vanessa Redgrave (voice of the Wind), in addition to other cast members still in negotiation. "We are ecstatic about High Angle Media's production involvement with the Magic Snowman," said Prime Rate Investors President Dan Burgess.

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.prrm.us and www.highanglemedia.com.

Company contact: Dan Burgess:
Telephone: 802-253-0199
FAX: 888-607-9495
http://www.prrm.us
E-mail: info@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, Inc.

Prime Rate Investors, Inc.
Dan Burgess, 802-253-0199
FAX: 888-607-9495 http://www.prrm.us
E-mail: info@stowetv10.com