Post by Designer on Mar 28, 2005 21:57:26 GMT -5
Prime Rate Investors, Inc. Subsidiary Enters Sales Agreement
STOWE, Vt., Mar 28, 2005 (BUSINESS WIRE) -- 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 of High Angle Media with NHN's continuing national expansion and growing appeal to first-rate national advertisers."
"NHN's growing visibility offers High Angle Media a unique nationwide sales opportunity," commented High Angle Media Sales Manager Justin Reyher.
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. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates, Sugarbush TV-12 and Smugg's TV-9.
For more information about Prime Rate Investors and Magic Media Networks, visit the companies' websites www.prrm.info and www.highanglemedia.com, and www.nhntv.com, and www.destinationtelevision.com respectively.
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
CONTACT: Prime Rate Investors
Dan Burgess, 802-253-0199
FAX: 888-607-9495
www.prrm.us
E-mail: info@stowetv10.com
Copyright Business Wire 2005
-0-
KEYWORD: United States
North America
Vermont
INDUSTRY KEYWORD: Entertainment
TV and Radio
Professional Services
Banking
SUBJECT CODE: Contract/Agreement
STOWE, Vt., Mar 28, 2005 (BUSINESS WIRE) -- 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 of High Angle Media with NHN's continuing national expansion and growing appeal to first-rate national advertisers."
"NHN's growing visibility offers High Angle Media a unique nationwide sales opportunity," commented High Angle Media Sales Manager Justin Reyher.
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. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates, Sugarbush TV-12 and Smugg's TV-9.
For more information about Prime Rate Investors and Magic Media Networks, visit the companies' websites www.prrm.info and www.highanglemedia.com, and www.nhntv.com, and www.destinationtelevision.com respectively.
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
CONTACT: Prime Rate Investors
Dan Burgess, 802-253-0199
FAX: 888-607-9495
www.prrm.us
E-mail: info@stowetv10.com
Copyright Business Wire 2005
-0-
KEYWORD: United States
North America
Vermont
INDUSTRY KEYWORD: Entertainment
TV and Radio
Professional Services
Banking
SUBJECT CODE: Contract/Agreement
Owner
