Forum Moderators: not2easy
"Limited copyright is granted for you to use and/or republish any of the press releases on this site for any legitimate media purpose as long as you reference PR Web as the source. Using the press releases from the PR Web network of sites on other sites that offer competing services to those offered by PR Web, including but not limited to press release distribution, is expressly prohibited under the terms of this copyright."
To me that says that as long as you do it in the manner they specify, you may indeed reprint press releases from PR Web.
Example - company A makes a news release on a product they have started to ship. Company B also sells the same product, so decided to copy and paste Company A's product and submit it to PRWeb, which they accept in good faith.
If you then pick up the press release distibuted by PRWeb and re-use it, then you're actually violating the intellectual property of Company A, who might come knocking at your door with a C&D notice.
The same is true of any copy where it gets "passed down". For that reason, it's usually better to check with the originating source, and also include a disclaimer on your site to say that any copy has been used in good faith and will be removed at the request of the copyright holder if necessary.