SOURCE: TBC Global News Network, Inc.

March 24, 2010 16:00 ET

TBC Global News Network Acquires Sterling Yachts, Inc.

FRANKLIN, KY--(Marketwire - March 24, 2010) -  TBC Global News Network, Inc. (OTCBB: TGLN) ( is pleased to announce the acquisition of Sterling Yacht Sales, Inc. of Lighthouse Point, Florida. Under the acquisition agreement, the Company purchased all of the common stock of Sterling Yachts, Inc. and Mr. Glenn McMachen joined the board of directors; and will later assume the positions of Chairman and CEO. 

Sterling Yachts was founded by Mr. McMachen, an industry veteran with over 30 years of experience. Mr. McMachen's father was the first Sea Ray dealer in the world. After working for over 25 years with his father's business, in 2003 Mr. McMachen started McMachen Yachts, Inc., which featured Fairline, Tiara and Jupiter vessels. From that time through December 2009, that company sold over $70,000,000 in vessels. In January 2010, Mr. McMachen ended the relationship with Fairline and started Sterling Yachts. Sterling Yachts intends to focus its retailing efforts on several major manufacturers in the coming months, with vessels ranging in size from 30 feet to over 100 ft.

Mr. McMachen stated, "This agreement is a great step in integrating the operations of Sterling Yachts into a public company, which will allow us to execute both our short term and long term business model."

Under the terms of the acquisition agreement, the three current board members have tendered their resignations, and returned 50% of their current common stock share holdings to the Company for cancellation and return to treasury.

John Fleming, former CEO, stated, "This transaction is one that we, myself and the other former board members, feel brings value to the Company's stockholders, and the 50% stock holdings return is our way of showing our belief in Mr. McMachen and his business vision for Sterling Yachts." Mr. Fleming further stated, "We are excited for Sterling and for the Company's stockholders." 

About TBC Global News Network, Inc.

TBC Global News Network, Inc. is a former news production company, through website, television, print, YouTube, ITunes podcasts and other media, that provided information about NASDAQ Small Cap, OTCBB, Pink Sheet companies, as well as some interesting privately-held firms.

About Sterling Yacht Sales, Inc.

Sterling Yachts, Inc. is a dealer/broker of vessels ranging in size from 30 feet and up. It currently is brokering vessels though its sales force of experienced yacht brokers, who are working under the company's broker license. The company is actively seeking manufacturer relationships. Its offices are located in Lighthouse Point, Florida.

Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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