Prime Rate Investors, Inc. Subsidiary ADK TV-33 Signs Production Contract with ORDA.LAKE PLACID, N.Y. -- Prime Rate Investors, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .PK: PRRM PRRM Philippine Rural Reconstruction Movement PRRM Performance-Related Reliability Measure PRRM Patnam Rajendra Reddy Memorial (India) PRRM Positioning Radio Resource Management ) announced its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Adirondack TV-33 signed an exclusive production contract with the Olympic Regional Development Authority (ORDA ORDA Office of Recombinant DNA Activities (NIH) ORDA Oficiul Român Pentru Drepturi de Autor (Romania) ) 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 ADK Adirondack Mountain Club ADK Archive Development Kit (SAP archiving) ADK Additional Decryption Key ADK Aggressors of Dark Kombat (video game) 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 RSN - Real Soon Now network affiliated cable broadcast companies. For more information, visit the company's websites www.prrm.us and www.highanglemedia.com. This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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