DealerAdvance Inc. (DLAD)

[pennypauly]

great post ssp,

When we get the approval from FINRA, we will be on our way. I truly feel sh hands are tied. Nothing can go forward until we are signed off.


ADDISON, TX, Feb 01, 2010 (MARKETWIRE via COMTEX) -- DealerAdvance, Inc. (PINKSHEETS: DLAD) (to become Cabal Communications Corporation) today announced Spectrum Broadcasting has signed the Asset Purchase Agreement for the purchase KZAM-FM, Wichita Falls, Texas.

DealerAdvance CEO Steven Humphries in making the announcement said, "Late last year the Company consummated an equity purchase in Spectrum Broadcasting based upon an LOI that Spectrum had signed to purchase KZAM-FM. We are pleased that Spectrum has signed the Asset Purchase Agreement to purchase the station license, facilities and tower site. Spectrum and the Seller will be filing an application for transfer of control with Federal Communications Commission (FCC) this month, which usually takes about 90 days for final approval."

In late 2009 DealerAdvance announced that it would become a broad-based media company with holdings in the print, broadcasting and billboard industry under the name Cabal Communications Corporation (the name change is still pending approval of FINRA).

Humphries also commented on the pending name change saying, "Our attorney received and answered what we believe are the final comments from FINRA on the pending name change last week. We are hopeful that the approval will be forthcoming shortly."