January 17, 2004

Liberman Broadcasting Corporation announced that it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with the proposed initial public offering of its Class A common stock. The securities to be offered in the proposed IPO will include shares to be issued and sold by Liberman Broadcasting as well as shares to be sold by a stockholder of Liberman Broadcasting. It is anticipated that the net proceeds to Liberman Broadcasting from the offering will be used to repay a portion of outstanding indebtedness.

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