DealerAdvance Announces Proposed Acquisition in Spectrum Broadcasting
November 13 2009 - 7:30AM
Marketwired
DealerAdvance, Inc. (PINKSHEETS: DLAD) (soon to become Cabal
Communications Corporation) today announced that it has signed a
Letter of Intent to purchase an interest in Spectrum Broadcasting.
DealerAdvance CEO Steven Humphries in making the announcement
said, "Today the Company singed a Letter of Intent to purchase an
interest in Spectrum Broadcasting. Spectrum is currently in final
negotiations to purchase its first radio property in Texas and the
deal is contingent upon Spectrum's successful purchase of the radio
property. DealerAdvance will assist Spectrum in the purchase of the
radio property and will also assist in the raise of capital for
other acquisitions."
Earlier this year DealerAdvance announced that it would become a
broad-based media company with holdings in the print and
broadcasting industry under the name Cabal Communications
Corporation (the name change is pending approval of FINRA). Once
the proposed transaction is completed with Spectrum, the Company
will have completed its first acquisition in the broadcasting
industry.
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: Steven Humphries 972-248-2244 X106
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