STOWE, Vermont ??” Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its majority owned subsidiary, N’east Magazine, L.L.C. will release its summer issue the first week of July, 2005. N’east Magazine is dedicated to outdoor adventures, sports, travel and lifestyle in and around northeast North America. The magazine is “artist built, athlete driven, reader supported,” (TM) and produced with the highest standards; its content is showcased in a coffee-table quality journal built by regional artists.

“This second issue really is an awesome testament to the caliber of writers and photographers we represent,” said N’east President Jim McGinley. “The summer issue has everything – from a cutting edge feature story on the ‘Rides Of Passage’ project, a hip combination of snowboarding and art – to a travel piece in the Mentawai Islands of Indonesia. With a huge pack review by David Schmidt of Climbing Magazine and an amazing photo gallery by local photographers, this issue delivers what we see as the template for many great issues to come,” he concluded.

The summer issue also reflects the magazine’s recently refined look, its new logo, and interactive website, www.neastmagazine.com. N’east can be found at Borders, Barnes & Nobles, A&P Supermarkets, REI, and Eastern Mountain Sports – as well as over 100 retail shops across the northeast.

For more information on N’east Magazine including online subscriptions, articles, and retail locations, go to www.neastmagazine.com.