DealerAdvance Acquires Interest in Spectrum Broadcasting
December 09 2009 - 8:35AM
Marketwired
DealerAdvance, Inc. (PINKSHEETS: DLAD) (soon to become Cabal
Communications Corporation) today announced that it has acquired an
interest in Spectrum Broadcasting. On November 13, 2009 the Company
announced that it had signed a letter of intent with Spectrum.
Today's announcement confirms the relationship between the
companies.
DealerAdvance CEO Steven Humphries commented, "We are very
pleased that Spectrum has signed a letter of intent to purchase
KZAM-FM in Wichita Falls, TX which will be followed by an asset
purchase agreement within 30 days. This is the first of a series of
radio station acquisitions in which the Company and Spectrum will
jointly participate."
Humphries added, "We will assist Spectrum in the development of
their business plan to acquire superior broadcast signals in medium
size southwestern markets over the next three years."
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). In July
the Company acquired an interest in Sports Page Weekly, a
Dallas-Fort Worth weekly Sports publication.
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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