ANN ARBOR, Mich., July 12, 2004 (PRIMEZONE) -- Legend Studios Inc., a subsidiary of Legend Mobile Inc. (OTCBB:LGMB) today announced that it has entered into a performance based advertising agreement with Media Source Ltd. Media Source Ltd. represents Debt Relief of America which will begin airing ads this month on Legend's eight stations.
"We are excited to add new revenue opportunities for our stations so soon after assuming control of them. In addition to building the company through additional acquisitions, we expect to use every effort to monetize the existing advertising time. Our plan to increase revenue includes securing new advertisers as well as through the sales of our own products," said Peter Klamka, President of Legend Studios, Inc.
Legend Studios, Inc. is a broadcasting company whose business is devoted to acquiring, developing and operating broadcast properties. The company currently operates 8 stations in four states.
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 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.