EX-99.1
2
v066973_ex99-1.htm
LEGACY
COMMUNICATIONS CLOSES ON SALE OF KBET(AM),
LAS
VEGAS TO BEASLEY BROADCAST GROUP
St.
George, Utah - March 29, 2007 -- Legacy Communications Corporation (OTCBB:LGCC)
announced today the Company has completed the closing on its sale of KBET(AM),
Winchester, Nevada to Beasley Broadcasting Group, Inc. for $2,500,000.
Radio station KBET(AM), 790kHz. Licensed to Winchester, Nevada is authorized
to
operate at 790kHz, 1kw day and 300 watts night serving the Las Vegas
market.
Legacy
Communications Corporation, headquartered at St. George, Utah, is headed by
President & Chief Executive Officer E. Morgan Skinner, Jr. Beasley
Broadcasting Group, Inc. headquartered in Naples, Florida is headed by Chairman
and Chief Executive Officer George G. Beasley. The exclusive broker of the
sale
is the John L. Pierce & Company of Florence, Kentucky.
Legacy
Communications Corporation is a holding company for subsidiaries that acquire
radio station licenses and permits to develop, upgrade, operate and market.
The
company seeks out broadcast properties that have significant upside potential
when provided proper management, engineering, programming and marketing. The
company seeks out broadcast properties that have significant upside potential
when provided proper management, engineering, programming and marketing. Legacy
owns eight (8) other stations: KPTO(AM) 1440kHz, Pocatello, Idaho, KITT(FM)
100.1MHz, Soda Springs, Idaho, KNFL(AM) 1470kHz, Tremonton, Utah, KOGN(AM)
1490kHz, Ogden, Utah, KENT(AM) 1400kHz, Parowan, Utah, KDAN(AM), 1240kHz,
Beatty, Nevada, KIFO(AM)
1450kHz, Hawthorne, Nevada and KBSP(AM) 1340kHz, Bishop, California.
To
request more information or to join our email alert list, click
here:
http://www.b2i.us/irpass.asp?BzID=1432&to=ea&s=0
The
information in this news release includes certain forward-looking statements
that are based upon assumptions that in the future may prove not to have been
accurate and are subject to significant risks and uncertainties, including
statements to the future financial
performance of the Company. Although the Company believes that the expectations
reflected in its forward-looking statements are reasonable, it can give no
assurance that such expectations or any of its forward-looking statements will
prove to be correct. Factors that could cause results to differ include, but
are
not limited to, successful performance of internal plans, product development
and acceptance, the impact of competitive services and pricing, or general
economic risks and uncertainties.
Legacy
Communications Corporation
Legacy
Communications Corporation
Morgan
Skinner
(435)
628-1000
(435)
628-6636 (fax)
morgan@legacy.cc
Investor
Relations:
The
Eversull Group, Inc.
Jack
Eversull
(972)
991-1672
(972)
991-7359 (fax)
jack@theeversullgroup.com

EX - 99 . 1 2 v066973 _ ex99 - 1 . htm LEGACY COMMUNICATIONS CLOSES ON SALE OF KBET ( AM ) , LAS VEGAS TO BEASLEY BROADCAST GROUP St . George , Utah - March 29 , 2007 -- Legacy Communications Corporation ( OTCBB : LGCC ) announced today the Company has completed the closing on its sale of KBET ( AM ) , Winchester , Nevada to Beasley Broadcasting Group , Inc . for $ 2,500,000 . Radio station KBET ( AM ) , 790 kHz . Licensed to Winchester , Nevada is authorized to operate at 790 kHz , 1 kw day and 300 watts night serving the Las Vegas market . Legacy Communications Corporation , headquartered at St . George , Utah , is headed by President & Chief Executive Officer E . Morgan Skinner , Jr . Beasley Broadcasting Group , Inc . headquartered in Naples , Florida is headed by Chairman and Chief Executive Officer George G. Beasley . The exclusive broker of the sale is the John L. Pierce & Company of Florence , Kentucky . Legacy Communications Corporation is a holding company for subsidiaries that acquire radio station licenses and permits to develop , upgrade , operate and market . The company seeks out broadcast properties that have significant upside potential when provided proper management , engineering , programming and marketing . The company seeks out broadcast properties that have significant upside potential when provided proper management , engineering , programming and marketing . Legacy owns eight ( 8 ) other stations : KPTO ( AM ) 1440 kHz , Pocatello , Idaho , KITT ( FM ) 100.1 MHz , Soda Springs , Idaho , KNFL ( AM ) 1470 kHz , Tremonton , Utah , KOGN ( AM ) 1490 kHz , Ogden , Utah , KENT ( AM ) 1400 kHz , Parowan , Utah , KDAN ( AM ) , 1240 kHz , Beatty , Nevada , KIFO ( AM ) 1450 kHz , Hawthorne , Nevada and KBSP ( AM ) 1340 kHz , Bishop , California . To request more information or to join our email alert list , click here : http://www.b2i.us/irpass.asp?BzID=1432&to=ea&s=0 The information in this news release includes certain forward - looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties , including statements to the future financial performance of the Company . Although the Company believes that the expectations reflected in its forward - looking statements are reasonable , it can give no assurance that such expectations or any of its forward - looking statements will prove to be correct . Factors that could cause results to differ include , but are not limited to , successful performance of internal plans , product development and acceptance , the impact of competitive services and pricing , or general economic risks and uncertainties . Legacy Communications Corporation Legacy Communications Corporation Morgan Skinner ( 435 ) 628 - 1000 ( 435 ) 628 - 6636 ( fax ) morgan@legacy.cc Investor Relations : The Eversull Group , Inc . Jack Eversull ( 972 ) 991 - 1672 ( 972 ) 991 - 7359 ( fax ) jack@theeversullgroup.com
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