Debut Broadcasting Corporation, Inc. Announces Additional New Contracts
Debut Broadcasting Corporation, Inc. Announces Additional New Contracts
NASHVILLE, Tenn., Dec. 18 /PRNewswire-FirstCall/ -- Debut Broadcasting Corporation, Inc. (NASDAQ:DBTB), a Radio broadcasting and syndication company, announced today that its Radio syndication unit, Impact Radio Networks (www.ImpactRadioNetworks.com), has signed a new services agreement with GAP West Broadcasting for 2008.
This agreement comes on the heels of a similar agreement with GAP Central announced last month, and new contracts with Radio Stations in New York and Detroit, both of which bolster IRN's ratings in the Top 10 US markets and help IRN attract top-tier national advertisers to its content.
"Organic growth of our syndication business continues to be a big part of the company's overall growth, and these new agreements are important to our 2008 forecasts," commented CEO Steven Ludwig. "These types of growth don't require new fixed overhead, so they offer us the potential to increase margins and cash flow into the future."
The Company has not disclosed the anticipated value of the new agreements, but expects financial impact to be reflected in Q1 2008 reporting.
About Debut Broadcasting Corporation, Inc.
Debut Broadcasting Corporation, Inc. (NASDAQ:DBTB.OB) is a Radio broadcasting company that creates unique synergies between syndicated programming and station ownership. The Company's nine-year old radio syndication company, Impact Radio networks (www.ImpactRadioNetworks.com) distributes programming and services to over 1,100 radio station affiliates in the United States and Canada, reaching over 40 million listeners nationwide each week. Debut Broadcasting is a newly public company trading under the ticker symbol DBTB.OB. For more information about the company please visit www.debutbroadcasting.com or e-mail ir@debutbroadcasting.com.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, competition, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
First Call Analyst:
FCMN Contact: marcus.rowe@themarketinggroup.com
Source: Debut Broadcasting Corporation, Inc.
CONTACT: Media, Marcus Rowe, Director of Marketing and Communications,
+1-615-301-0001, ext. 104, or Investor, Steven Ludwig, CEO, +1-615-473-3379,
both of Debut Broadcasting Corporation, Inc.
Web site:
http://www.debutbroadcasting.com/
http://www.impactradionetworks.com/
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