STOWE, VT ??вЂќ Prime Rate Investors, Inc. announced it has closed its acquisition of Lake Placid, NY’s Adirondack TV-33. ADK TV-33 is an RSN broadcast affiliate and producer of Lake Placid’s first and only live morning show “Adirondack Today” in addition to special events coverage and other productions targeting the millions of annual visitors to the Tri Lakes Region of New York’s Adirondack Park.
Lake Placid is the “Winter Sports Capitol of the World” and host of the 1932 and 1980 Winter Olympics. It was here in 1980 that the U.S. hockey team beat Russia in the “Miracle on Ice” gold medal game. Each year thousands of winter athletes train and compete in Lake Placid in luge, bobsled, alpine and nordic ski racing, ski jumping, ice skating, hockey, snowboarding and aerial ski and snowboard jumping. By summer Lake Placid hosts equally diverse events from summer athlete training to concert series, the Lake Placid Film Festival, and the prestigious Lake Placid Horse Show. “Adirondack TV-33 is the flagship operation of Prime Rate Investors’ network of RSN broadcast affiliates,” remarked PRRM President Dan Burgess. It’s website is www.adktv33.com.
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.