Not sure if anyones seen this. Humphries is looking to expand his portfolio through DLAD. Unless I'm mistaken, he's looking to boost the porfolio to look more presentable to potential media outlets. I'm thinking he's looking to do a KFAN type of move. KFAN is a sports radio station. Hugely succesful. Sounds like he's trying to pull a KFAN move. It makes sense that he would aim for Phili because of how many different and varied pro sports teams are in Pennsylvania plus the College Big Ten team of Penn State with JoePa. That last blurp about using private and soon to be private enities means he's eyeing some media to buy out and then bring it into DLAD's fold.I missed this from yesterday that came out right at the bell. Check it out and see what you think.
DealerAdvance CEO Steven Humphries Comments on Cabal Communications Corporation's Future Plans 3:50 PM ET 8/25/09 | Market Wire
DealerAdvance, Inc. (PINKSHEETS: DLAD) (soon to become Cabal Communications Corporation) CEO Steven Humphries today commented on Cabal Communications and its future plans.
Humphries said, "We are extremely excited about the communications industry, as there are many opportunities available for the company that we are exploring. Obviously the announcement from Monday (8/24) with regard to the expansion of Sports Page Weekly through syndication will have a significant, positive impact on the company. We are moving forward with the plan as we are already in discussions with a Philadelphia group. Additionally, we are looking at the radio industry and have identified specific radio properties of which we are in the process of doing our due diligence. It's a great time to get into radio, as the prices are at an all time low."
With regard to funding plans Humphries said, "We are taking a different approach, as each of the entities under Cabal are or will be private companies. This allows us to do private placements inside of the private entities to raise the capital for acquisitions and operations."
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Earthworks Entertainment's future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Steven Humphries
972-248-2244, Ext 106
