BIG NEWS!
Monday January 11, 1:20 pm Eastern Time
Company Press Release
SOURCE: Alliance Broadcasting Group
Alliance Broadcasting Group Begins Nasdaq
Application
INDIANAPOLIS, Jan. 11 /PRNewswire/ -- Alliance Broadcasting Group (OTC Bulletin Board: RADO - news) announced
today that it has retained the law offices of Gregory Bartko, Esq., Atlanta, Georgia, to begin the process of registering the
company's common stock under the Securities Exchange Act of 1934 as is now required by the NASD's new listing rules for
the over- the-counter bulletin board market.
According to Joe Newman, Alliance's CEO, ''With the acquisition of Northern Radio Network, we feel that the company will
have the required assets and other listing qualifications in order to successfully gain listing on the Nasdaq's Small Cap Stock
Market™, which the company will pursue as a part of the registration process. The Nasdaq would have to approve the
company's listing application once filed. We are pleased that Mr. Bartko, an experienced securities lawyer, will be handling this
effort for our company.''
Alliance currently owns and operates 13 radio stations in Florida, Michigan and Indiana and is in the process of acquiring
additional station properties.
Bartko added, ''As a part of the registration process, the company will retain a qualified auditing firm to audit the financial
statements of the company for the last two years. We are in the process of interviewing and retaining auditors now. Hopefully, if
there are no delays in the registration process, and subject to SEC approval, the registration statement can become effective
sometime in the first quarter.''
For further information, please contact: Harold Smith at 908-587-0642.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in
the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties
that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the
company's filings with the various regulatory authorities having jurisdiction.
SOURCE: Alliance Broadcasting Group |
