Debut Broadcasting Makes New Year Announcements

NASHVILLE, Tenn.--(BUSINESS WIRE)--Debut Broadcasting Corporation, Inc.™ (OTC BB: DBTB), a media and entertainment company, today announced successful completion of major steps in its reorganization strategy. The company also announced that its Impact Radio Networks subsidiary has signed an agreement with legendary Radio personality Rick Dees to launch terrestrial Radio and new media content in national syndication.

“That modification is the last major element of the debt re-structuring, and along with other recent board actions essentially marks successful completion of the re-structuring process, allowing us to move forward in a lot of other areas in coming weeks”

The company eliminated two debt facilities, one with Regions Bank and the other with Bank of America, in favor of a new, long-term facility with Crestmark Bank. The deal reduces overall debt costs and makes additional working capital available, which is a critical step in the company’s re-structuring efforts.

The company also closed a new, revised debt facility with Remington Partners which results in Remington taking a larger stake in the company. “That modification is the last major element of the debt re-structuring, and along with other recent board actions essentially marks successful completion of the re-structuring process, allowing us to move forward in a lot of other areas in coming weeks,” commented CEO Steven Ludwig.

In other news, the company’s national radio syndication subsidiary, Impact Radio Networks, announced a deal with Rick Dees and Burbank, CA-based Dees Entertainment, Inc. to produce and distribute terrestrial radio content and new media. Plans include leverage of the existing archive of Rick Dees Weekly Top 40 programs from the ‘80s and ‘90s, and a new weekly countdown featuring Dees’ son, Kevin Dees, called the Teen Top Twenty. The agreement also incorporates new media content for radio station websites, including on-line music channels, mobile phone applications, and on-demand podcasts.

The company continues to evaluate and execute an expansion strategy. “There are potentially accretive acquisitions available, and we are exploring the best ways to deploy the new capital available,” Ludwig said. And commenting on recent high-profile bankruptcy filings within the radio industry, Ludwig added “Management’s analysis is that there is a short window where prices have swung too far down, based on short-term distress and the recent lack of access to capital, and acquisition in this environment has the potential to create exceptional value for shareholders over the next 3-5 years.”

About Debut Broadcasting Corporation, Inc.

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. For more information about Debut Broadcasting, please visit www.debutbroadcasting.com or email ir@debutbroadcasting.com.

Forward Looking Statements

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