Debut Broadcasting Announces Third-Quarter Net Income of $166,510

NASHVILLE, Tenn.--(BUSINESS WIRE)--Debut Broadcasting Corporation, Inc.™ (OTCBB: DBTB.OB), a media and entertainment company, today announced a third-quarter net income of $166,510 on the strength of a 33% reduction in operating expenses. Operating income has increased by $441,975 over this time last year. The company also announced important progress on its reorganization strategy.

The company cites fundamentals that out-pace the broader media industries. “Despite year-over-year decreases in network revenue, quarter-to-quarter growth demonstrates slow, steady recovery in our revenue streams from the abrupt adjustment we saw at the start of the year. Year-to-date revenue is down 18% versus 2008, but that pace out-performs our industry as a whole, and overall profitability – which has been our primary focus – is increasing substantially,” said Steven Ludwig, CEO of Debut Broadcasting.

“Revenues continue to increase and we can point to a lot of new business development that is setting up faster rates of growth into next year,” added Ludwig. “Operating expenses were down 60% in Q3, and for the year we’ve achieved a 33% reduction overall – in large part due to recoveries as part of the restructuring plan, although we continue to reduce day-to-day expenses. Despite macro-economic complications, we are meeting our internal benchmarks for increasing profitability.”

The company has been implementing a reorganization strategy intended to achieve profitability by the end of this year. That strategy included a recent financing agreement with River Falls Financial Services. Additional progress is anticipated during Q4, and the company plans to have all major milestones in the reorganization implemented by year-end.

The company continues to work closely with management at River Falls 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 from River Falls,” added Ludwig.

About Debut Broadcasting Corporation, Inc.

A media and entertainment company, Debut Broadcasting Corporation, Inc. (OTCBB: DBTB.OB) 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

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

Debut Broadcasting is a trademark of Debut Broadcasting Corporation, Inc. All other trademarks are property of their respective owners.

River Falls Financial Services:
Ron Heineman, 513-602-3268
rheineman@riverfallsfinancialgroup.com
or
Debut Broadcasting Corporation, Inc.
Investor Contact:
Steven Ludwig, 615-473-3379
steven.ludwig@debutbroadcasting.com
or
Media Contact:
Marcus Rowe, 615-866-0517
marcus.rowe@debutbroadcasting.com