Latest Developments on Radio Ministry

A Peruvian company is selling their Lima radio station. On March 3, we reached an agreement with the owners. The terms of the agreement are:

Assets:

Includes:

· The authorization license of the frequency

· 6,000 watt transmitter, one small backup transmitter, cable and tower

· All studio equipment (recorders, mixer boards, cables, microphones, computers, software, etc.) Their equipment is in excellent condition and we estimate its net worth to be between $80,000 and 100,000.

Not included:

· Buildings

· Property

Costs:

$600,000 for the radio station

$10,000 for the broker’s commission

Total: $610,000

Time: We have until March 24 to come up with financing.

Terms of agreement: They will sell to us for this price, but reserve the right to accept at any time any other offer that would supersede this amount.

Resources available: At the present time we have $340,000 on hand and $53,000 promised. The needed amount to reach our offer by March 24 is $217,000.

Question: Would you be willing to make a promise to give for this particular project opportunity? We only need to know the amount of the promise. Your promise will be counted as a commitment on your part.

On March 23, we will add up the promises we have received along with the resources we have. If we reach the goal before the deadline, we will submit our offer and move toward closing. If we do not reach our goal, we will submit the amount we have (promises and funds on hand) as our final offer. In this way we will be able to determine if the Lord wants us to purchase this particular radio station.

We are only requesting you send your promise for this particular project opportunity. It is not necessary to send your financial commitment for this particular project at this time. If our offer is accepted and we sign the contract, we would then inform you so you could send it.

If we do not reach our goal to purchase this station, we will continue searching and know that God has something better for us. We will not borrow to finance this project. God will provide where He guides. We are totally confident that this project is His will. We do not know if this frequency is His will.

Please do not feel pressured to give. All of us have a limited amount of resources and there are many worthy places to give. We encourage you to make a commitment promise only if: (1) You believe in the project; (2) God puts it in your heart to give; and (3) You are financially able to do so. We just wanted you to know about this opportunity we have before us and consider it. We do ask you to pray for this project and our ministry.

This project is a marvelous opportunity for the furtherance of the gospel. It is also a major step of faith, as you can see. If we reach our goal, this will allow us to begin getting the message out even though there will be future needs for the project (new transmitter, property and buildings). We believe we can move forward in this ministry through renting and other alternatives with the financial resources we have and will expand as God provides.

To communicate your promise, you may do so by:
E-mail at stanperu@gmail.com
Phone at 610-564-4936
Mail: 6231 Bayshore Drive
Harrison, TN 37341

Ruth and I are also making available to you the mission/vision statement and strategy planning for this ministry. If you are seriously considering investing in this ministry, it would be wise for you to read this material. It will serve to give you a clearer idea of what we want to accomplish. We will be glad to send it to you by e-mail or regular mail.

One day we will rejoice together in what God has done. It will only happen through Him. It is our prayer that this will glorify our Lord and bring forth fruit that will abound to your account.