XMDC News .0076 MultiCorp International, Inc./X
Post# of 144499
XMDC News .0076
MultiCorp International, Inc./XTend Medical Corporation (XMDC) Acquires WEUS 810AM Radio Station in Orlando, FL
2012-05-31 08:30 ET - News Release
SUN VALLEY, CA -- (Marketwire) -- 05/31/12
MultiCorp International, Inc./XTend Medical Corporation (PINKSHEETS: XMDC), has agreed to acquire WEUS 810AM radio station located in Orlando, Fl. Under the terms of the agreement, MultiCorp/XTend will enter into a Lease Management Agreement, (LMA), and has plans to purchase the station within two years from Star Over Orlando, Inc. Rivalz Sports Group, Inc will become WRSO Sports Radio when the company takes over operations on July 30, 2012.
The company released the following statement: "It is with great pleasure that the company announces entering into this Lease Management Agreement with Star Over Orlando, Inc. to eventually purchase WEUS 810AM in Orlando, Florida. Mr. Carl Como Tutera and his son, Carmine Tutera, were absolute professionals in our dealings to acquire the station. Their commitment to detail and constant communication with the company have made this a seamless transaction. As the company looks to acquire additional stations in the future, we will work closely with Carl and Carmine. We will rely on their expertise to identify future stations that fit with the company's plan for growth," stated Mr. Paul D. Lisenby, CEO of MultiCorp/XTend. Mr. Lisenby added, "The radio station will operate under a newly formed Florida corporation, Rivalz Sports Group, Inc. and will be a wholly owned subsidiary of the company. Our long term plan is to establish WRSO in Orlando by eventually locating the station within a restaurant facility wherein live sports radio will be broadcast as diners enjoy a first class restaurant/media experience. The company is currently searching for a facility that falls under our strict guidelines for adequate space to facilitate the entire operation. This concept will be replicated in other major cities that the company feels will sustain growth and profitability."