NASHVILLE, Tenn., March 31, 2011 /PRNewswire/ -- Debut Broadcasting Corp., Inc. (OTC.OB: DBTB), a leader in the media and entertainment industry, announced earnings today for the year ended December 31, 2010.
Financial and Business Highlights
- Net revenue for the year end of 2010 was $4.8 million, a dramatic increase of 11.6 percent from $4.3 million in the fourth quarter last year.
- EBIDTA is $154,000 for the quarter and $124,000 year-to-date.
- Earnings have dramatically increased from an approximate loss of $400,000 in 2009 to breakeven for 2010.
"We are proud of the achievements we have accomplished in 2010 and the momentum the company is building for 2011," said Ron Heineman, CEO of Debut Broadcasting.
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, Impact Radio Networks, 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 five acquisitions have given Debut radio dominance in the greater Greenville, Mississippi marketplace.
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 Corporation, Inc.