RCS and Prophet Systems to Merge

January 23, 2007

San Antonio, TX - Jan 19, 2007 - Clear Channel announced that it will merge two of its technology units: RCS and Prophet Systems to create a combined software company with 5,000 U.S. clients and more than 4,000 international customers. Philippe Generali, president/CEO of RCS will lead the combined company. Chip Jellison, former co-president of Prophet Systems will head technology and development.

The merged company will retain the name RCS and be headquartered in White Plains, NY, while maintaining operations in Ogallala, NE. The company will maintain and support all current products, and will start work on new product development from its combined resources.

Several employees have been laid off, but Clear Channel has declined to comment on specific names. Clear Channel acquired Prophet Systems in 1997 and RCS in 2006.

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