DealerAdvance Announces Spectrum Broadcasting's Contract Signing on KZAM-FM, Wichita Falls, Texas
01 Février 2010 - 2:30PM
Marketwired
DealerAdvance, Inc. (PINKSHEETS: DLAD) (to become Cabal
Communications Corporation) today announced Spectrum Broadcasting
has signed the Asset Purchase Agreement for the purchase KZAM-FM,
Wichita Falls, Texas.
DealerAdvance CEO Steven Humphries in making the announcement
said, "Late last year the Company consummated an equity purchase in
Spectrum Broadcasting based upon an LOI that Spectrum had signed to
purchase KZAM-FM. We are pleased that Spectrum has signed the Asset
Purchase Agreement to purchase the station license, facilities and
tower site. Spectrum and the Seller will be filing an application
for transfer of control with Federal Communications Commission
(FCC) this month, which usually takes about 90 days for final
approval."
In late 2009 DealerAdvance announced that it would become a
broad-based media company with holdings in the print, broadcasting
and billboard industry under the name Cabal Communications
Corporation (the name change is still pending approval of
FINRA).
Humphries also commented on the pending name change saying, "Our
attorney received and answered what we believe are the final
comments from FINRA on the pending name change last week. We are
hopeful that the approval will be forthcoming shortly."
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of the
Company's future operational or financial performance, and are
subject to risks and uncertainties. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this release. Due to the risks and
uncertainties, actual events may differ materially from current
expectations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact: Investor Relations 866-786-4443
DealerAdvance (CE) (USOTC:DLAD)
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