Debut Broadcasting Corporation, Inc. (OTCBB: DBTB), which has been reorganizing operations in order to boost top line growth and streamline the bottom, announced net income of $100,326 or $0.004 per share for the 3rd quarter of 2010. The company reported that with “a 7% increase in top line revenue and a 35.7% reduction in operating expenses [we] continue to make progress in our reorganization strategy”. Revenue for the quarter rose to $566,743 following an “improvement in sales, change in national representation firm, as well as new strategic alliances and products” being introduced.
Ronald Heineman, Debut’s Chief Executive added that “the acquisition of the radio broadcast station WNBV FM in Grundy, Virginia, will add to [our] top line focus going forward”, substantiating the company’s claim that significant strides in progress are expected again next quarter (Q4).
About Debut Broadcasting:
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., and its first five acquisitions have given Debut radio dominance in the greater Greenville, Mississippi marketplace.
Debut Broadcasting Corporation, Inc.
1011 Cherry Avenue, Suite B
United States, 37203
Phone: (615) 301-0001 (615) 886-0530