ANN ARBOR, Mich., Aug. 13, 2004 (PRIMEZONE) -- Legend Studios Inc., a subsidiary of Legend Mobile (OTCBB:LGMB), today announced that it is expecting an increase in revenue in its Missouri stations due to favorable response to new sales efforts and seasonal political advertising.
Legend Studios operates KELE 1360 AM, KELE 92.5 FM, KOZX 98.1 FM in Mt. Grove, Missouri.
"We are pleased that the first month of operation of these stations has yielded the opportunity to increase revenues. I expect that more advertisers will see value in local advertising on the radio. Our approach is to deliver more programming that appeals to these communities which should translate to further revenue increases," said Peter Klamka, President of Legend Studios Inc.
Legend Studios also expects to benefit from an improving market for local radio advertising. According to the Radio Advertising Bureau, local radio advertising revenue experienced a 5% increase comparing June 2003 with June 2004.
In addition to the Mt. Grove properties, Legend Studios operates radio stations in Virginia, West Virginia and Mississippi.
Statements in this press release that are not purely historical are forward-looking statements, including statements regarding Legend's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements in this release include, but are not limited to, statements regarding the actual results; the ability of the company to secure additional revenue, the demand for the Company's air time and advertising services; and sometimes contain words such as "believe," "expect," "intend," "anticipate," "plan," and "estimate" or similar expressions. It is important to note that actual outcomes and the Company's actual results could differ materially from forward-looking statements. Readers should also refer to the risk disclosures outlined in the Company's reports filed with the Securities and Exchange Commission