Debut Broadcasting Corporation Announces Record Second Quarter Earnings

Debut Broadcasting Corporation Announces Record Second Quarter Earnings

NASHVILLE, Tenn., July 22 /PRNewswire-FirstCall/ -- Debut Broadcasting (BULLETIN BOARD: DBTB) today announced record second-quarter gross revenue of $1.36 million for the quarter ended June 30, 2010, a 29% increase from the same period of the prior year. Operating income and net income for the quarter were $145,758 and $85,043 respectively, compared with losses of $53,727 and $127,827 respectively during the prior year period. In addition to $85,043 in net earnings for the quarter, Debut generated $172,011 in EBITDA.

"Our restructuring efforts implemented in February of this year are beginning to show positive results," said Ronald E. Heineman, Chairman & CEO. "Our record second-quarter revenue along with continued rigor on cost management resulted in much improved results."

"While we remain cautious with the overall business climate, customers have begun revisiting their advertising budgets resulting in some increases in the syndicated advertising sales division. Now that our restructuring plan has been implemented, we are strategically evaluating opportunities to grow top line revenue. Our dedicated team of associates are very experienced and are key to establishing the platform for future growth. We look forward to reporting future progress"

Forward-Looking Statements

Certain statements contained in this news release may not be based on historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period or by the use of forward-looking terminology, such as "expect," "anticipate," "believe," "estimate," "foresee," "may," "might," "will," "intend," "could," "would," "plan," "forecast" or future or conditional verb tenses and variations or negatives of such terms. These forward-looking statements include, without limitation, those relating to the services provided by our Chief Financial Officer, our entry into new markets and fields and our earnings potential.

We caution you not to place undue reliance on the forward-looking statements contained in this news release because actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, our ability to provide and market competitive services and products, our ability to attract, train and retain qualified personnel, our ability to operate and integrate new technology, changes in consumer preferences, changes in our operating or expansion strategy, changes in economic conditions, our ability to identify and effectively integrate potential acquisitions, FCC and government approval of potential acquisitions, geographic concentrations of our assets and susceptibility to economic downturns in that area, our ability to compete with other companies that produce and distribute syndicated radio programs and/or own radio stations, other factors generally understood to affect the financial condition or results of companies that produce and distribute syndicated radio programs and/or own radio stations and other factors detailed from time to time in our press releases and filings with the Securities and Exchange Commission. We undertake no obligation to update these forward-looking statements to reflect the occurrence of changes or unanticipated events, circumstances or results that occur after the date of this news release.

Source: Debut Broadcasting Corporation

CONTACT: MEDIA CONTACT: Marcus Rowe, +1-615-301-0001, INVESTOR CONTACT:
Sariah Hopkins, +1-615-775-1931

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