MRS Ventures Completes Acquisition of KOTN, KCLA, KZYP, KPBQ from Delta Radio, Seark Radio

FOR IMMEDIATE RELEASE

May 1, 2003

MRS Ventures headed by Jerry Russell of Tyler, Texas has completed its purchase of radio stations KOTN-AM, KCLA-AM, KZYP-FM, and KPBQ-FM serving Pine Bluff, Arkansas from Delta Radio Inc. and Seark Radio Inc., for $1,475,000. The sellers’ principals are Buddy Dean, Craig Eastham and Dawn Dean.