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.                     MAKE YOUR OPINION COUNT -  Click Here              http://tbutton.prnewswire.com/prn/11690X38285090      SOURCE  Excelsior Radio Networks  /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  
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