Cabal Communications Corporation Begins Implementation of Corporate Restructure
10 May 2010 - 10:30PM
Marketwired
Cabal Communications Corporation (formerly DealerAdvance, Inc.)
(PINKSHEETS: DLAD) today announced that the company has started
implementing its corporate restructure that was announced on April
30, 2010.
As part of the restructure, Steven Humphries has stepped down as
President of Cabal Communications Corporation. As a result of his
departure, Cabal has appointed Christopher Humphries the President
of Cabal as well as a member of the board of directors.
In making the announcement Steven Humphries said, "Since my
appointment as President going back many years to the Stronghold
Technologies days the Company has gone through many difficult
times. The toxic financing, the fall of the automotive industry,
all have been very devastating to the Company. However, with our
new position as a media company, there are many great opportunities
on the horizon. Due to other projects that I personally have in the
pipe-line, I feel it better that I step aside to allow Christopher,
who has been with us from the beginning serving as VP and Secretary
of the company to move forward with the goal in building Cabal into
a communications company allowing me to concentrate on new private
projects that can benefit Cabal."
Christopher Humphries commented, "Outside of traditional media
(radio, television, cable, film) there are many other opportunities
in 'new media' that we plan on evaluating, as typically there is a
low cost of entry and a high return on investment."
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of the
Company's future operational or financial performance, and are
subject to risks and uncertainties. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this release. Due to the risks and
uncertainties, actual events may differ materially from current
expectations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact: Investor Relations 972.248.2244 Ext. 108
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