Prime Rate Investors, Inc. Subsidiariy Announces Management Agreement for Smugg’s TV-9
CAMBRIDGE, VT ??вЂќ Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that its wholly owned subsidiary, High Angle Media, Inc has entered a management agreement with Smuggler’s Notch Resort, Inc. (SNR), a four season resort destination in Cambridge, Vermont renowned for its skiing and family programs.
SNR has been rated “#1” for both winter and summer family and children’s programs by USA Today, IndependentTraveler.com, and Ski Magazine. Smugg’s TV-9 is a cable broadcast RSN affiliate owned by SNR and located at the Village of Smuggler’s Notch, one of three villages in the town of Cambridge. RSN is a national television network that reaches more than 100 mountain and beach destinations across the U.S. and 55 million viewers annually. Prime Rate Investors, Inc. owns and operates two RSN affiliates, Stowe TV-10 in Stowe, VT, and Adirondack TV-33 in Lake Placid, NY, while PRRM’s subsidiary High Angle Media also manages Sugarbush TV-12, in Warren, VT in addition now to Smugg’s TV-9. Under the Management Agreement High Angle Media will perform all video production for SNR.
“Smuggs’ TV-9 brings tremendous value to our growing family of RSN affiliates,” said Prime Rate Director, Pierce Williams, “by further affirming our prominence within eastern resort communities and increasing our market share growing appeal to advertisers,” he concluded.
For more information, visit the company’s websites www.prrm.us and www.highanglemedia.com and SNR’s at www.smuggs.com.