Debut Broadcasting Generates Positive EBITDA Results for the Third Quarter (Ended Sept. 30)

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 13, 2008 -- NASHVILLE, Tenn. – Nov. 12, 2008 – Debut Broadcasting Corporation Inc. (OTC BB: DBTB), a media and entertainment company, today announced it generated positive earnings results of $78,606 before interest, tax, depreciation and amortization (EBITDA) for its 2008 third quarter (ended Sept. 30), results the company accomplished a full quarter before it expected to do so.

When compared on a quarter-over-quarter basis, Debut Broadcasting™ achieved net revenue of $741,074 for the third quarter of 2008, a slight increase of $14,636 in net revenue, versus net revenue of $726,438 for the prior quarter ended June 30, 2008. More importantly, the company swung from a net loss of $263,285 during the second quarter of 2008 to EBITDA positive results of $78,606 for the third quarter of 2008.

In addition, the company saw a 180 percent increase in advertising revenue for the third quarter of 2008 through its owned and managed radio stations versus comparable advertising revenue in the same quarter in 2007. In spite of the fact that Debut added an additional radio station during the quarter, expenses remained relatively flat.

On a more traditional comparative basis, Debut net revenue for the third quarter of 2008 was $476,544 higher than the net revenue of $264,530 the company generated during the third quarter of 2007 (also ended Sept. 30). At the same time Debut noted that approximately $220,000 of the net revenue growth experienced by the company in the third quarter of 2007 was specifically related to the growth of five radio stations in the Greenville, Mississippi area, and the acquisition of WBBV FM in Vicksburg Mississippi. Additional increases in revenue related to growth in core syndication activities.

Additionally, for the nine months ended Sept. 30 2008, Debut generated net revenue of $1.92 million and a net loss of $594,848 versus net revenue of $528,605 and a net loss of $1.24 million for the comparable year ago nine-month period (ended Sept. 30, 2007).

“We are very pleased to be able to announce that we have achieved operational profitability (before interest, tax, depreciation and amortization) a full 90 days ahead of schedule,” said Steven Ludwig, CEO of Debut Broadcasting. “This is a huge accomplishment that required the best work of everyone on the Debut team, and I thank them for their efforts. Although our net revenue was only slightly ahead of last quarter’s results, we feel good about what we achieved during the quarter given the challenges faced by so many other companies during the quarter. On top of that, the fourth quarter is traditionally our strongest quarter of the year, so we’re looking forward to great things this last part of the year.”

Debut executives expect to host an investor conference call before the end of November in order to provide additional updates and insights to investors.

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