NBG Radio Network (NSBD)
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Corporate Profile
NBG Radio Network is involved in the acquisition, creation and syndication of national radio programming as well as music production and distribution. Radio syndication is one of America's highest growth industries. NBG currently produces over 29 nationally syndicated radio programs on four networks (Sports, Entertainment, Financial and Nostalgia) reaching more than 1700 radio stations on a daily basis. Those radio stations have a listener base of well over 2 million. Some of their on-air talent includes health and fitness guru Richard Simmons, PGA Tour player Peter Jacobsen, basketball hall of famer Rick Barry, MTV VJ Nina Blackwood, NASCAR Winston Cup driver Kyle Petty and the legendary Top 40 Countdown DJ Charlie Tuna.
NBG Radio Network is also generating other sources of income to enhance their syndication business and to diversify their revenue streams. They have developed new products, such as a kiosk marketing system, software programming and a quarterly travel magazine. All of these items can be sold to their radio contacts as well as other businesses looking to increase their revenues.
NBG Radio Network is committed to producing quality programming and while the focus remains on serving the radio industry, diversifying into other complementary industries such as the Internet ensures continued growth for the Company.
Financial Results for 9 Months Ending 8/31/98
Revenues - $1,884,264
Earnings - $257,457
EPS - $0.10
Shares Outstanding - 10,091,694
Cash - $2,414,202
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Recent Significant Developments
NBG Radio Network and AudioHighway.com Ink Deal (12/18/98)
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NBG Radio Network Lunches New Product (10/29/98)
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NBG Radio Network Introduces Marketing/ Software Division (10/5/98)
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NBG radio Network Launches Travel Magazine (9/3/98)
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Compuserve Interactive Radio & Hollywood Hotline Link with NBG Radio Network (8/13/98)
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