SANTA MARIA, Calif., Feb. 10, 2003 (PRIMEZONE) -- IBC Radio Network, a division of International Broadcasting Corporation (OTCBB:IBCS), announced today that the audience for its "Stock Talk LIVE" and other unique programs is growing dramatically not only in the United States but Internationally. IBC Radio Network has listeners all over the world, including the United States, Canada, Australia, Europe, Middle East and South America. IBC Radio Network is broadcast 24/7, coast-to-coast and worldwide via the Internet (http://www.IBCradio.com), iM Networks (http://www.imnetworks.com), Mobile Broadcast Network (http://www.mymbn.com) and in the mornings on shortwave radio, 15.725 on the dial.
Current IBC Radio programs include "Stock Talk LIVE," believed to be the very first business radio talk show focused exclusively on micro-cap stocks and "on the air" continuously from market open to the close. Other shows include "Talk Show America," a political conservative talk show, "The Lou Gentile Show," a paranormal talk show, as well as various programs from shortwave broadcasters around the world.
Daryn P. Fleming, President of International Broadcasting Corporation said, "We view 'Stock Talk LIVE' as a show with no competition. To the best of our knowledge there is no other business radio talk show that focuses exclusively on micro-cap stocks that is broadcast LIVE and continuous throughout the stock market day. Breaking news and information about tiny, unknown public companies not covered by the major media is provided in an entertaining and lively format. The show is highly interactive as well, taking phone calls via a toll-free number and putting listeners right on the air. An industry insider recently said 'Stock Talk LIVE' is the very first stock market related show to ever air on shortwave radio. We are proud of these milestones and thank each and every one of our shareholders for their continued support of our pioneering efforts."
Companies recently featured on "Stock Talk LIVE" include Sirius Satellite Radio, Inc. (Nasdaq:SIRI), XM Satellite Radio Holdings, Inc. (Nasdaq:XMSR), Heska Corporation (Nasdaq:HSKA) and Dynegy, Inc. (NYSE:DYN).
The total shares outstanding for IBCS is 79.1 million shares with 26.1 million shares in the public float, the same as when the Company was first approved for trading in June of 2002.
Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.