Dial Merged With Excelsior's Global Media Division to Form Leading National
Radio Sales Representation Company
NEW YORK, April 3 /PRNewswire/ -- Excelsior Radio Networks today announced
that it had acquired Dial Communications LLC and merged Dial with its Global
Media Division. The new division will operate under the name Dial
Communications-Global Media Inc. and will be led by Dial principals Jeffrey
Gasman, David Landau and Ken Williams who will act as co-Presidents. Mr.
Landau will serve as a member of the Company's board of directors.
The acquisition and subsequent merger forming Dial Communications-Global
Media creates an industry leading national radio sales representation company
with anticipated 2002 advertising sales revenues of $50 million and a client
roster of over forty independent radio production companies.
Excelsior Radio Networks, a subsidiary of Franklin Capital Corporation
(Amex: FKL), was formed last summer by Franklin Capital Corporation, Sunshine
Wireless LLC and Change Technology Partners (OTC Bulletin Board: CTPI) with
the purchase of the assets of Winstar Radio Networks, Winstar Global Media and
Winstar Radio Productions. Since the acquisition, the ownership group has
worked with management to grow Global's sales representation business, enhance
the services that are offered to Global's producer partners and expand the
existing portfolio of programming that Excelsior owns.
"When the investor group formed Excelsior last summer we committed to
'build a vibrant company through acquisitions, joint ventures and internally
generated efforts,'" says Spencer L. Brown, Excelsior's Vice President and a
Senior Vice President at Franklin Capital. "The Dial Communications
acquisition represents one of our first, but not our last step in making good
on that commitment. We believe that this acquisition and merger establishes a
superb platform for future growth through strong national radio offerings. We
intend to grow Excelsior through internal efforts combined with further
acquisitions and joint ventures."
"We are very excited about the dramatic increase in the scale of
programming and sales strength the combination of the two companies
immediately provides our advertisers and radio producers," said Dial
Communications-Global Media's co-presidents in a statement released as part of
the Excelsior announcement. "As chief executives and investors in the
Company, we are committed to utilizing the Company's expanded platform and
resources to enhance the services and value we offer our current and future
clients, thereby enhancing growth."
About Dial Communications
Dial Communications was founded in 1989 by Jeffrey Gasman to provide
advertising sales representation for the national radio community. In
November 2000, David Landau and Ken Williams became partners in the company
after having served as Executive Vice Presidents of Sales for Premier Radio
Networks. Mr. Landau and Mr. Williams were formerly partners in Multiverse
Networks, which syndicated the Dr. Laura Schlessinger Show. Dial provides
sales representation for over twenty independent national radio production
companies such as 60 Second Inc., WOR Radio Network, Multi-Net Marketing, TM
Century and The Michael Savage Show among others.
About Excelsior Radio Networks
Headquartered in New York City, Excelsior Radio Networks provides sales
representation for over 25 independent radio production companies whose
programs and services are distributed to a network of radio stations
nationwide. These companies include Jefferson-Pilot Radio Network, The Mann
Group, Waitt Media, Stephan Productions and Wall Street Journal Reports among
others. In addition, its production division produces and distributes over
50 programs and services aired on more than 2,000 radio stations across the
United States. These include multi-format prep services, short form
programming as well as long form programming such as The Countdown and Gospel
Traxx hosted by Walt "Baby" Love.
Certain statements contained in this press release including without
limitation, statements containing the words "believes," "anticipates,"
"hopes," "intends," "expects," "will," "plans" and other words of similar
import, constitute forward-looking statements within the meaning of the
Private Litigation Act of 1995. Such statements involve known and unknown
risks, uncertainties and other factors, which may cause Company results to
differ materially from expectations. Such factors include the following: (1)
technological, engineering, manufacturing, quality control or other
circumstances which could delay the sale or shipment of the Company's
products; (2) economic, business, market and competitive industry conditions
which could affect the Company's business; and (3) the Company's inability to
protect its proprietary rights, operate without infringing upon the
proprietary rights of others and prevent others from infringing on the
proprietary rights of the Company.
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SOURCE Excelsior Radio Networks
/CONTACT: Karyn Price of Bailiwick Company, +1-609-397-4880, or
firstname.lastname@example.org, for Excelsior Radio Networks/
CO: Excelsior Radio Networks; Dial Communications LLC; Franklin Capital
ST: New York
IN: ENT RAD
-0- Apr/03/2002 15:06 GMT
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