| Prime Rate Investors, Inc. Announces Retirement and Cancellation of Company Stock |
| Released by: Prime Rate Investors, Inc. |
| Web Site: http://www.primerateinvestors.com |
STOWE, VT. February 14th, 2006
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Email: Dan@highanglemedia.com |
| Keywords: company, stock, retirement, cancellation, shares |
| Update Date: 2/13/2006 8:11:19 PM |
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Descrption: STOWE, VT. February 13, 2006. Prime Rate Investors, Inc. (Pink Sheets: PRRM) announced the Company has retired two billion shares of outstanding common stock held by Dan Burgess, to be returned to the Company’s transfer agent and cancelled. The two billion shares retired are in addition to one billion shares retired, as previously announced by the Company last week. Management noted that the recent cancellations are further efforts in line with the Company’s aggressive "VVV" growth and awareness policy, established to increase the Company’s "Visibility, Volume and Value."
PRIME RATE INVESTORS (Pink Sheets: PRRM) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.primerateinvestors.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.
CONTACT:
Prime Rate Investors, Inc.
Dan Burgess, 802-253-0199
dan@highanglemedia.com |
Contact infomation: 802-253-0199 |
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