News for 'IBCS' - (International Broadcasting Corporation to Develop and Implement an Alternative Energy Powered Digital or Analog AM, FM or Shortwave Radio Transmitter Using Technology Similar to Wi-Fi)
SANTA MARIA, Calif., Feb 2, 2004 (BUSINESS WIRE) -- International Broadcasting
Corporation (OTCBB:IBCS) said today that it has developed a prototype for an
alternative energy powered digital and/or analog AM, FM or shortwave Radio
transmitter, which can be implemented using technology and a legal framework
similar to Wi-Fi. No FCC license will be required with this device. The company
plans to introduce the all-talk format of IBC Radio Network into a target
metropolitan area as part of its beta testing. Airtime will also be made
available for local content such as school closings, traffic and weather. This
product could also be marketed to other broadcasters in different communities
without the need for an FCC license. Once this technology is introduced to
communities it has the same potential for advertising that a fully FCC licensed
station would have.
Daryn Fleming, President of IBCS, says "We are very excited about this project.
The good news is that our current revenues from operations will provide enough
funds to begin the early phases immediately. We will announce progress and the
implementation of the first working model within weeks. Once completed, we will
reveal our business model for the project, which will provide for enhanced
advertising revenues for IBCS. This latest project will confirm that IBCS is a
pioneer, not only in the area of content but technology.
Mr. Lou Gentile, the IBCS strategic partner, says "We have developed this new
technology with hopes of bringing radio back to the people instead of big
business. We will begin to test the system in heavily populated areas using
actual IBC radio shows. Watch the newswires for updates."
This project is only one of the planned initiatives regarding AM radio this
year. Another AM-related project is being planned and will be announced in a
future press release. The Company will also soon announce details of its debt
reduction program, which will eliminate most of the debt.
Statements in this press release other than statements of historical fact are
"forward-looking statements." Such statements are subject to certain risks and
uncertainties including the demand for the Company's services, litigation, labor
market, and other risk factors identified from time to time in the Company's
filings with the Securities and Exchange Commission that could cause actual
results to differ materially from any forward looking statements. These
forward-looking statements represent the Company's judgment as of the date of
this release. The Company disclaims, however, any intent or obligation to update
these forward-looking statements.
SOURCE: International Broadcasting Corporation
CONTACT: International Broadcasting Corporation
Daryn P. Fleming, 805-938-5573
invest@ibcmedia.com
We'll Get there. Just you wait and see....
(Posting news is what I do. It DOESN'T mean I own it!!:-)
