Debut Broadcasting Corporation Announces Strong Earnings Growth During 2010
NASHVILLE, Tenn., March 29, 2011 /PRNewswire/ -- Debut Broadcasting Corp., Inc. (OTC.OB: DBTB), a leader in the media and entertainment industry, has announced their fourth quarter and annual earnings for 2010. "I am pleased to report our results for 2010. Our strategic plan and restructuring which began in February of 2009, has been effective in driving top line revenue growth, greater profitability and creating a more solid foundation to launch further growth especially in our radio syndication programming across the country.
"In the past year since our restructuring plan was put in place, while facing very challenging times in the radio broadcasting business throughout the nation, our team achieved a 15 percent revenue increase, and approximately $400,000 in net profit increase versus 2009. In our fourth quarter alone, we produced a net profit of $65,240, an increase of over $300,000 compared to the fourth quarter of 2009.
"While we remain cautious during these economic times and within the consolidation in the radio and entertainment industry, we are excited about our current product offerings, segments and future plans to drive revenue. The first quarter however tends to be the lowest revenue and profitability for Debut and the radio industry. We continue to be focused on stakeholder value and the our vision of becoming a national radio and entertainment company by maximizing our current product lines of Syndication, Radio Station ownership and other entertainment platforms currently being evaluated."
About Debut Broadcasting Corporation, Inc.
A media and entertainment company, Debut Broadcasting Corporation, Inc. supports its clients throughout North America while also improving shareholder value through targeted turnaround opportunities in the southeastern United States. Through its entertainment arm, Debut sells pre-recorded radio programs and related services to more than 1,400 AM and FM stations in the U.S. and Canada, and reaches more than 45 million listeners per week, making it one of the leading syndicators in the industry. The company also provides marketing, consulting and media buying for its radio broadcast stations. Through its media division, Debut identifies and acquires (or manages) underperforming and undervalued media properties in the southeastern U.S. and its first seven acquisitions have given Debut radio dominance in the Mississippi Delta Marketplace.
Forward-Looking Statements
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of DBTB officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future DBTB actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and DBTB has no specific intention to update these statements.
SOURCE Debut Broadcasting Corp., Inc.
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