Red Wolf Broadcasting, Inc. Acquires WKCD-FM from AAA Entertainment, LLC

FOR IMMEDIATE RELEASE

September 9, 2002

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

Robert J. Maccini represented AAA Entertainment, LLC in this transaction.

* Pending FCC Approval

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