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Written by / Agency / Source: Prime Rate Investors, Inc.

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Prime Rate Investors, Inc. Reduces Authorized Common Shares - Implements Name Change - Prime Rate Investors, Inc. announced the Company's number of authorized common shares was reduced to eighty billion shares of common stock [Pink Sheets: PRRM]
Prime Rate Investors, Inc. Reduces Authorized Common Shares - Implements Name Change

 

NewswireToday - /newswire/ - Stowe, VT, United States, 2006/02/20 - Prime Rate Investors, Inc. announced the Company's number of authorized common shares was reduced to eighty billion shares of common stock [Pink Sheets: PRRM].

   
 
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Additionally, the Company released statements yesterday regarding the change of its name to Summus Works, Inc. Updated information regarding the name change, ticker symbol and authorized shares of company common stock will be updated with Pink Sheets, LLC and the Company transfer agent in addition to the State of Delaware accordingly. Effective today, Company business will be conducted under the corporate name Summus Works, Inc., though the ticker symbol will remain "PRRM" until a new symbol is approved according to regulatory procedure.

Summus Works, Inc. 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.

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.

About Prime Rate Investors, Inc.

Prime Rate Investors, Inc. (primerateinvestors.com) is a multi-mediaholding company with specific interests in outdoor sports, e-tail, retail,and print, television and film media. Its wholly owned subsidiary, StoweTV-10 is a cable broadcast affiliate of the national sports.

 
 
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Written by / Agency / Source: Prime Rate Investors, Inc.

 
 

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Prime Rate Investors, Inc. Reduces Authorized Common Shares - Implements Name Change

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Publisher Contact: Dan Burgess - HighAngleMedia.com 
802-253-0199 dan[.]highanglemedia.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Prime Rate Investors, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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