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| 8-K - Debut Broadcasting Corporation, Inc. | v172869_8k.htm |
EXHIBIT
99.1
FOR
IMMEDIATE RELEASE
Debut
Broadcasting Announces Appointment of Ron Heineman as CEO
NASHVILLE,
Tenn. – February
1, 2010 – Debut
Broadcasting Corporation, Inc.™ (OTC BB: DBTB), a
media and entertainment company, announces the appointment of Ronald E. Heineman
as Chief Executive Officer.
On
February 1, 2010, Debut Broadcasting appointed Ronald E. Heineman to serve as
its Chief Executive Office. Mr. Heineman, was formerly the CEO of
Resolve Incorporated, ELS, Inc., and General Employment Enterprises which
are publically held companies. Mr. Heineman is currently
Managing Director of the Investment Fund, Riverfalls Financial Services, and has
served on the board of directors with Debut Broadcasting and other public
companies. In addition, he has served as Chief Restructuring Officer (“CRO”) and
CEO of several of RiverFalls’ portfolio companies. Mr. Heineman has Bachelors
and Masters degrees.
“We are
thrilled to have Ron be a part of our executive team,” stated Sariah Hopkins,
Debut’s Chief Financial Officer. “Ron’s background and expertise are
the perfect complement to our existing team, and will help take us to the next
level in growth and strategy development.” Robert Marquitz, Chief
Operating Officer added, “Our top priorities are to increase profits, grow the
company and maximize shareholder wealth. The addition of Ron to the
Debut team strengthens the company and brings us closer to achieving those
goals.”
On
January 26, 2010 Steven Ludwig resigned as the Chief Executive Officer of Debut
Broadcasting Corporation, Inc. Mr. Ludwig left the Company to
pursue other interests.
About
Debut Broadcasting Corporation, Inc.
A media
and entertainment company, Debut Broadcasting Corporation, Inc. (OTC BB: DBTB)
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. For more information about Debut Broadcasting, please visit
www.debutbroadcasting.com
or email ir@debutbroadcasting.com.
Forward
Looking Statements
Statements
in this press release that are not statements of historical or current fact
constitute "forward-looking statements." Such forward-looking statements involve
known and unknown risks, uncertainties and other unknown factors that could
cause the Company's actual operating results to be materially different from any
historical results or from any future results expressed or implied by such
forward-looking statements. In addition to statements that explicitly describe
these risks and uncertainties, readers are urged to consider statements that
contain terms such as "believes," "belief," "expects," "expect," "intends,"
"intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking. The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are described from time
to time in the Company's filings with Securities and Exchange
Commission.
# # #
Debut
Broadcasting is a trademark of Debut Broadcasting Corporation, Inc. All other
trademarks are property of their respective owners.
INVESTOR
CONTACT AT DEBUT BROADCASTING:
Sariah
Hopkins, 615-301-0001, ir@debutbroadcasting.com
MEDIA
CONTACT AT DEBUT BROADCASTING:
Marcus
Rowe, 615-866-0517, marcus.rowe@debutbroadcasting.com