MultiCorp International/X-Tend Medical Corporation has agreed to purchase Hot Talk “Big 810” WEUS Orlando and will flip the station to Sports.
The deal will entail an LMA of the station from the current owners Star Over Orlando with the plan to purchase the station within two years. On July 30, the station will flip to Sports as “Rivalz Sports Orlando” WRSO. The plan is to place the radio station’s studios inside a sports bar/restaurant and eventually expand to other markets.
As ESPN Radio and Fox Sports Radio both have affiliates in the market and WEUS already carries some Yahoo Sports Radio programming, we expect that affiliation will remain going forward. WEUS operates with a directional 10kW daytime and 400 watts nighttime.
The Press Release follows:
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.”
About MultiCorp International, Inc./XTend Medical
MultiCorp International, Inc./XTend Medical is a company that operates its core business in the medical field but will also have divisions within the company in varying business sectors. The company will continue to capitalize on growth sectors with solid business models and management that have the potential to grow exponentially. For further information please contact them at [email protected]
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
XTend Medical Corporation/MultiCorp International, Inc.
Rivalz Sports Group, Inc.