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. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X38285090 SOURCE Excelsior Radio Networks -0- 04/03/2002 /CONTACT: Karyn Price of Bailiwick Company, +1-609-397-4880, or firstname.lastname@example.org, for Excelsior Radio Networks/ (FKL CTPI) CO: Excelsior Radio Networks; Dial Communications LLC; Franklin Capital Corporation ST: New York IN: ENT RAD SU: TNM -0- Apr/03/2002 15:06 GMT
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Excelsior Radio Networks Acquires Dial Communications:
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