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Prime Rate Investors, Inc. Subsidiary ADK TV-33 Signs Production Contract with ORDA Business Wire - December 15, 2004 13:47
LAKE PLACID, N.Y., Dec 15, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its wholly owned subsidiary Adirondack TV-33 signed an exclusive production contract with the Olympic Regional Development Authority (ORDA) of the State of New York. ORDA was created to "manage and promote the facilities of the 1980 Olympics," receiving $70 million for its mission under Governor George Pataki alone. ORDA is the governing authority of Whiteface Mountain and Gore Mountain ski resorts, in addition to the Verizon Sports Complex, the Olympic Center and the MacKenzie-Intervale Ski Jumping Complex in Lake Placid, the "Winter Sports Capitol of the World" and host of the 1932 and 1980 Winter Olympics. Each year thousands of winter athletes train and compete in Lake Placid in every winter Olympic sport. This winter season marks the 25th anniversary of the 1980 Olympics, and ADK TV-33 is charged with ORDA events coverage, promotional video and spot advertisements and special news events segments to be featured on major networks nationwide. At 3:00 PM today WCAX in Burlington will broadcast a five minute segment featuring Whiteface Mountain. The feed is scheduled to be picked up by the Weather Channel throughout tonight.
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 and ADK TV-33, RSN network affiliated cable broadcast companies.
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 Dan Burgess, 802-253-0199 Fax: 888-607-9495 E-mail: info@stowetv10.com http://www.prrm.us
Copyright (C) 2004 Business Wire. All rights reserved.
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I remember back when I bought at .0001, sold at .0002, bought in again at .0001, got tired of waiting, sold out at .0001. Seemed pretty easy to buy in both times. I'm guessing because dilution was occurring..now that it's hard/impossible to get in...perhaps it has ceased?
Posts: 0 | Registered: A Long Time Ago!
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I am in @ .0001 for around 20 million. I bought this a couple of months ago. I hope this thing runs. I have been trading pennies over a year and really never made any money yet. Maybe this will change the trend so to speak.
Posts: 44 | From: St Louis, Missouri, USA | Registered: Dec 2004
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Press Release Source: Prime Rate Investors, Inc.
Prime Rate Investors, Inc. Subsidiary High Angle Media Television Show Syndicated Thursday December 16, 10:20 am ET
BURLINGTON, Vt.--(BUSINESS WIRE)--Dec. 16, 2004--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that the television show "Sugarbush Live," produced by its wholly owned subsidiary, High Angle Media, Inc, is being syndicated by Adelphia Cable in Burlington, VT. Beginning on Christmas Eve of 2004, the show will air on Adelphia channel 74, Thursdays, Saturdays and Sundays reaching markets north of Burlington to the Barre-Montpelier area, reaching an estimated 40,000 subscribers in the Burlington market alone. "Sugarbush Live" is hosted by Olympian Doug Lewis and his wife, ex-World Cup skier Kelley. The program's content ranges from fitness and outdoor adventure to fashion and Vermont living. The couple also host RSN's national morning show, "RSN Outdoors." "We are thrilled that Adelphia has opted to pick up the show," said High Angle Media Production Manager Pierce Williams, "it has always been a success in the Mad River Valley - as evidenced by our ratings there, and RSN Outdoors is hugely popular because of Doug and Kelley. It is also the first locally produced live show of its kind in Burlington," he concluded.
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, Stowe TV-10 and ADK TV-33, RSN network affiliates and cable broadcast companies that reach millions viewers annually. The company manages a third RSN affiliate, Sugarbush TV-12, in the Mad River Valley of Vermont.
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. Contact:
Prime Rate Investors, Inc. Dan Burgess, 802-253-0199 Fax: 888-607-9495 E-mail: info@stowetv10.com http://www.prrm.us
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this is great news! good things are happening with this company. management is really trying to make it happen. just bought another 9 mil! at .0002 how can anyone go wrong?? .0002 nothing but a fond memory in 2005!
Posts: 3 | Registered: Dec 2004
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I am kind of new at this and need some guidance. What are the chances of this or any sub-penny stock going to 50 cents? Should I just hang on to this stock for years or should I sell half when-it-doubles strategy? Thanks
Posts: 44 | From: St Louis, Missouri, USA | Registered: Dec 2004
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You never know when or what will make a penny stock run. It can be a pr or a rumor. The MM's are playing with this one and once they decide to let it run, it will make a run. I have learned that when you can make a profit, take it. If you want a better profit, you will have to keep an eye on it during the run. When it makes it's run, it will settle back down to a base price. What goes up will come back down. I am PRRM for the long term. This is a real company, with real employees working for it. It is not an empty shell. The main thing is for this pinkie to get exposure in the news world. I doubt that it will reach .50 in the next year, but stranger things have happened.
Posts: 132 | From: JACKSON,TN,USA | Registered: Jun 2003
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people are wishing for .10 cents and more but really does anyone think this will ever go to even .01 and if so when do you predict it.
Posts: 2270 | From: andalusia, IL, USA | Registered: May 2004
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By: casscountytexas 17 Dec 2004, 11:20 AM EST Msg. 15466 of 15478 Jump to msg. # we talked 15 minutes. here is the highlights. 1. less than 21 billion shares. confirmed the restricted shares he used for buyouts. 2. 1q of 05 or maybe sooner he will give 03 revs and forward guidance. the companies he bought did roughly 5 million last year and he estimates 10 million guidance. 3. six planned buyouts coming. 4. 2 prospects they are talking too in addition to the six and one has 7 million in revs. 5. 45 employees and some interns. 6. in addition are looking at companies in california and colorado and hilton head 7. he is a member of ricks webb site and watches. he may issue a pr before new years thanking share holders and guidance and explicit share count etc.
one of the nicest people. was almost about to loose his voice from talking so much. very hoarse. thats about it if i think of anything else ill post...
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has anyone received their spin off shares of NHGP? Im guessing when they go through, it wont be trading @ .15 anymore.
Posts: 139 | From: Albany, NY | Registered: Aug 2004
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One again I have spoken with Dan Burgess CEO of PRRM and he had a few new projects that he chose to share with the members of www.micropennys.com. He follows the site and is greatfull for your investment in PRRM.
First he said that backcounrty magazine the series to be aired on NESN in 1/2 our segments is now producing the 3rd of 13 segments to be aired over this winter on NESN and other major networks! CBS.NBC,FOX and others have been mentioned in relation to this series and or parts of it, in the past. Sounds great right!
Well theres more!
Just incase your not aware of it yet, there is a $300. million dollar resort being built at the base of Stowe Mt. (condos, time shares, single family homes, and a huge golf course) Well the delelopers of this project (The Stowe Mt Resort Project) are giving away trips to this resort, and High Angle Media has just completed a clip showing the resort, and it will be introduced on NBC's "Wheel of Fortune" the week of Valintines day!
He is working on a shareholder update and hopes that it will be ready soon. You the members of micropennys will get this update first!
For those of you who want numbers! Dan said that getting a complilation filing ready is very high on his priority list.
quote:Originally posted by bleech1: has anyone received their spin off shares of NHGP? Im guessing when they go through, it wont be trading @ .15 anymore.
They popped into my account this morning. 260K restricted shares.
Sound off if you are in this one. I am interested in what kind of interest we have on this. The more I read about the company the better this thing looks. Talk about the potential to have a QBID style run... Sheesh...
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I am also in at $0.0001. Ready to Rock and Roll!! If this one goes up to $1 in time for X-mas, I will be very happy
Posts: 118 | From: Los Angeles, CA | Registered: Dec 2004
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Weird, the volume for PRRM is showing as -913315287 on Ameritrade. Negative?? What does that mean??
Posts: 118 | From: Los Angeles, CA | Registered: Dec 2004
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quote:Originally posted by travman: Weird, the volume for PRRM is showing as -913315287 on Ameritrade. Negative?? What does that mean??
Basically it's an overflow. The volume field is probably stored at 32 bits maximum..so the largest number can be stored in a 32-bit field is 2,147,483,648 (2 to the 32nd power). Then it wraps around to zero and goes into the negative.