Red Wolf Broadcasting Completes Acquisition of WKCD-FM from AAA Entertainment

FOR IMMEDIATE RELEASE

December 18, 2002

AAA Entertainment, LLC of Providence, RI, has sold the assets of Radio Station WKCD-FM, Pawcatuck, CT to Red Wolf Broadcasting, Inc. of Hope Valley, RI for $3,750,000


Bob Maccini represented AAA Entertainment, LLC in this transaction.