DLAD Restructuring NEWS out 10MAY2010 ~
Cabal Communications Corporation Begins Implementation of Corporate Restructure
ADDISON, TX -- (Marketwire)
05/10/10
Cabal Communications Corporation (formerly DealerAdvance, Inc.) (PINKSHEETS: DLAD) today announced that the company has started implementing its corporate restructure that was announced on April 30, 2010.
As part of the restructure, Steven Humphries has stepped down as President of Cabal Communications Corporation. As a result of his departure, Cabal has appointed Christopher Humphries the President of Cabal as well as a member of the board of directors.
In making the announcement Steven Humphries said, "Since my appointment as President going back many years to the Stronghold Technologies days the Company has gone through many difficult times. The toxic financing, the fall of the automotive industry, all have been very devastating to the Company. However, with our new position as a media company, there are many great opportunities on the horizon. Due to other projects that I personally have in the pipe-line, I feel it better that I step aside to allow Christopher, who has been with us from the beginning serving as VP and Secretary of the company to move forward with the goal in building Cabal into a communications company allowing me to concentrate on new private projects that can benefit Cabal."
Christopher Humphries commented, "Outside of traditional media (radio, television, cable, film) there are many other opportunities in 'new media' that we plan on evaluating, as typically there is a low cost of entry and a high return on investment."
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