Echelon Brands, LTD. Signs Letter of Intent to Purchase Sports Radio Broadcast, Inc.
17 Dezember 2008 - 8:11PM
Business Wire
Echelon Brands, Ltd., (Pink Sheets: ICTY.PK) formerly known as
Eyecity.com, Inc. has signed a Letter of Intent to acquire and
operate Sports Radio Broadcast, Inc. a licensed broadcasting
company providing in stadium play by play to the crowds in the
stadium, parking areas and the ever growing tailgate party areas.
Sports Radio Broadcast has a selective list of prolific sports
casters, and allows those who purchase tickets to NFL, Major League
Baseball, NCAA football and basketball as well as the NBA and the
NHL , an opportunity to hear play by play action in the stadium
using one of the companies private labeled radios complete with
state of the art ear piece. The actual commercials during the
breaks and the sales of advertising of those commercials are
property of the company as is the many coupons with tremendous
value to the listeners. This is a generation of income due to the
fact that as the audience listens to each commercial, there are
individual coupons that contain ID numbers which provide valuable
prizes at each break. Over 80,000 radios have been purchased by the
NFL for distribution at this year�s Super Bowl in Tampa, Florida,
and marks year eleven of supplying the product with commemorative
design on the packaging and the radio itself as a keepsake of the
game. Mr. Brad Wilson stated, "We are very pleased with the
proposed acquisition and the great team of announcers who have
agreed to stay on board and continue to deliver quality broadcasts.
We will expand to the NCAA finals again this year as well as
college football in areas of high population and stadium
attendance." Mr. Wilson further stated, �This is a serious money
maker and with the team we have in place, there is no doubt success
is right around the corner. Our intentions are to expand the
company and its capacity to consistently cover multi-events in
different areas.� Sports Radio Broadcast, Inc. is a fully licensed
National Football League provider of in stadium broadcasting.
SPORTS RADIO BROADCAST INC, WWW.SPORTSRADIOBROADCAST.COM WILL AGAIN
FOR THE TENTH CONSECUTIVE YEAR PROVIDE IN STADIUM RADIOS TO OVER
80,000 FANS ATTENDING THE SUPER BOWL IN TAMPA, FLORIDA. A DUE
DILLENGENCE IS UNDERWAY AND THE COMPANIES ANTICIPATE CLOSING AFTER
THE FIRST OF THE YEAR. Safe Harbor This release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
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