Message #18 From:
NewsBot Date: August 29, 2006 11:18:00 AM
IBCS News International Broadcasting Releases Corporate Update
SPOKANE, Wash.--(BUSINESS WIRE)--Aug. 29, 2006--International Broadcasting Corp. (OTC: IBCS), a leading innovator in radio talk shows exclusively targeting microcap stocks, released today the short and long-term goals and objectives set by the Company as it moves forward with new management, and a new look.
New Management
As recently announced, the Company has named Mr. Darrell Nether as its President and Chief Executive Officer.
Mr. Nether joined International Broadcasting Corp. in October of 2002 to serve as Vice President, COO and Director and in June of 2006 was promoted to President and Chief Executive Officer. He has been focused exclusively on the startup of OTCBB News Network from the very beginning. From 1975 until joining IBC, he served in multiple capacities for the aviation industry, beginning with the U.S. Navy specializing in Aviation structures and with Tracor Aviation/Lucas Aviation for 14 years becoming a supervisor in 1985 overseeing a segment of the Boeing (NYSE: BA) 707 Hush Kit program. Mr. Nether worked for Santa Barbara Aerospace from June 1996 to March 1999 with responsibilities for overall plant operations including the direct supervision of over eighty maintenance personnel and as a sheet metal foreman for Garrett Aviation, Santa Barbara, a wholly owned subsidiary of General Electric (NYSE: GE) and a part of the GE corporate aviation team.
Ron Brown
Ron Brown joined StockTalkLIVE in July 2006 after being an active listener/participant since March 2003. For the past 24 years, Ron was employed by Farmer Brothers Coffee Company (Nasdaq: FARM) where his strong work ethic was recognized and he was promoted to Branch Manager of the Odessa, Texas location. He excelled in sales and customer service throughout West Texas and received many awards and recognition including Branch Manager of the Year two years in a row. Prior to gaining employment with Farmer Brothers, Ron's interest in Motorcycle Racing took him to Dodge City, Kansas where he pursued his dream of becoming a Motocross racer from 1976 to 1981.
The Company plans to add management personnel and will announce additions as they are engaged.
New Look and Corporate Identity
The Company has retained the multi-media services of San Diego based, Quicklapse (www.quicklapse.com), to complete a corporate makeover, including a new corporate logo and two separate web sites for International Broadcasting Corp. and StockTalkLIVE. This will give the Company a new, consistent corporate identity, while branding StockTalkLIVE and additional web radio properties, as they are developed and/or acquired. This will also help ease navigation for both sites for the benefit of shareholders, listeners and sponsors.
Sales and Operations
The Company is planning an aggressive sales campaign to add sponsors to its flagship show, StockTalkLIVE, as well bartering space on the StockTalkLIVE web site, increasing exposure for the Company and the show. The Company will continue to reduce corporate overhead and increase revenues, in efforts to avoid unnecessary dilution.
The Company will continue to announce new sponsors as they are added.
Exposure
The Company is currently evaluating several candidates for outside public and investor relations support and hopes to announce an engagement shortly.
Darrell Nether, President and CEO, commented, "It is extremely gratifying to see our online business model, which was launched in 2002, validated through recent industry trends. Fueled primarily by growth in broadband users (almost 1/3 of U.S. households), the number of consumers paying for online content increased 38% in 2005, and average individual spending for online content increased to $88 per year, a 14% gain over 2004. However, online advertising still dominates the online business model, with spending on search engine marketing and display advertising increasing to over $13 billion in 2005. We expect these current trends to continue with current industry projections in excess of $24 billion by 2010."
Nether continued, "We believe we are in the right market and right time and plan to capitalize on these trends. With new people, a new look, and an emphasis on sales, I believe we have the right formula in place to further the success of our Company."
If you would like to be added to International Broadcasting Corp. Investor list, please send an e-mail to ibcs@comcast.net.
International Broadcasting Corp. owns and operates "StockTalkLIVE," a fully-interactive, 7-hour business radio talk show focused exclusively on small stocks priced below $5. Since 2002, the show has been "on the air" each and every stock market day. Every show covers a wide spectrum of stocks, interesting and knowledgeable callers, and significant trading opportunities for both long and short-term perspectives. For more information and advertising opportunities, please visit www.StockTalkLIVE.net.
Safe Harbor Statement: Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. IBC cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. IBC expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.
