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Technology Stocks : NBG Radio Network (NSBD) -- Ignore unavailable to you. Want to Upgrade?

To: barbara sperino who wrote (19)	1/27/1999 10:53:00 AM
From: Gordon Gekko	Respond to of 25

NBG Radio Network Acquires M-Tek Technical PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 27, 1999--NBG Radio Network (''the Company'')(OTC:NSBD - news) today announced that it has signed a definitive Agreement to acquire M-Tek Technical Services, Inc. (''M-Tek Technical''). M-Tek Technical is a rapidly growing kiosk integration company providing customized technical solutions, bar coding, and distribution channels. NBG has, in association with M-Tek Technical, developed a data-based marketing system using NBG developed software and M-Tek Technical hardware. The marketing system is able to identify, reward, and interact with companies' core consumers. The acquisition of M-Tek Technical will enable NBG to design, produce, and market new systems entirely in-house, including hardware integration, software programming, graphic design, and sales. Bringing all aspects of kiosk marketing in-house will significantly increase the Company's revenues. John A. Holmes, NBG's President/CEO, said, ''The acquisition of M-Tek Technical is a natural progression from our Preferred Listener Program and CustomLink department started in October 1998. We've received great feedback from radio stations and other industries using our technology in beta test sites. Through our research we found that M-Tek Technical is the only company integrating all components of kiosk distribution. It makes sense to incorporate M-Tek Technical into our company as we expand the marketing division of NBG.'' According to Chris Miller, President of M-Tek Technical, ''We are elated to be working with NBG, a company with tremendous synergies both operationally and culturally. Both companies are creative and dynamic and will reshape both the future of radio and the integration of kiosk marketing to businesses around the world.'' This transaction is subject to customary closing considerations and terms and conditions will be released on closing, within 30 days. NBG Radio Network currently produces and syndicates 31 national radio programs reaching over 1,775 radio stations in the United States. NBG Radio Network is committed to producing quality programming and plans to pursue acquisition of complementary radio networks with significant presence in radio syndication. The Company is traded OTC:NSBD.