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Excelsior Radio Networks Acquires Dial Communications:

 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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           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 
karyn@bailiwickpr.com, 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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