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LOS ANGELES, August 17, 2005 – Premiere Radio Networks announced today the renewal of its extraordinary commitment to Operation HOPE, Inc., a national non-profit and leading provider of financial literacy and economic empowerment programs to America’s underserved communities. Premiere Radio Networks will donate $1 million worth of radio advertisement spots in 2005, in support of HOPE’s recently announced “Silver Rights Movement” in America. The 30- and 60-second radio spots, which feature Operation HOPE national spokesman Ambassador Andrew Young, closest aide to the late Dr. Martin Luther King, Jr., and HOPE founder John Bryant, promote the organization’s movement claiming financial literacy as America’s first “Silver Right” in 21st Century America. Approximately 500 commercials produced for Operation HOPE by Premiere Radio Networks will be scheduled to air throughout the year. Many have already aired in key cities across the nation.

Kraig Kitchin, president/COO of Premiere Radio Networks stated, “Operation HOPE positively impacts tens of thousands of American citizens who benefit from HOPE’s information and reinforcement, thereby substantially improving their everyday lives.” “Our sincere gratitude goes to Premiere Radio Networks for helping us in our goal to eradicate poverty in the country by using its formidable media reach to the audiences we need to touch, and as a byproduct, to help people make positive changes in their lives,” said Operation HOPE’s Founder, Chairman, and CEO John Bryant.

Urban, African American, and Latino audiences will be specifically targeted with appropriate creative format, as well with radio spots in Spanish. Spots will feature services offered, updates in free programs and special events.Services such as credit repair, credit education, money management, mortgage programs, small business seminars, and youth appropriate financial education programs are available through Operation HOPE’s on-line program, www.bankingonourfuture.org, and at its HOPE Centers located in low-wealth communities in 13 U.S. cities.

About Premiere Radio Networks Premiere Radio Networks, Inc., a subsidiary of Clear Channel Communications (NYSE:CCU), syndicates 70 radio programs and services to more than 5,000 radio affiliations and reaches over 190 million listeners weekly. Premiere Radio is the number one radio network in the country and features the following personalities: Rush Limbaugh, Jim Rome, Casey Kasem, Carson Daly, Ryan Seacrest, Glenn Beck, Bob (Kevoian) & Tom (Griswold), Delilah, Blair Garner, George Noory, John Boy and Billy, Phil Hendrie, Matt Drudge, Art Bell, Donald Trump, Glenn Hollis, Big Tigger, and others. Premiere is based in Sherman Oaks, Calif., with 12 offices nationwide.

About Operation HOPE, Inc. Operation HOPE, Inc. (HOPE) is America’s first nonprofit social investment bank and a national provider of financial literacy and economic empowerment programs. Through ongoing collaborations and long-term partnerships with leading government, private sector, and community interests, HOPE works to bring self-sufficiency and a sustained spirit of revitalization to America’s inner-city communities. HOPE Centers are a growing network of inner-city banking centers. To date, HOPE has created more than 800 new homeowners and small business owners, more than $125 million in funded loans, and more than $210 million in commitments for homeownership and small business loans from their 250 bank and corporate partners. In partnership with the U.S. Department of Homeland Security, the Federal Emergency Management Agency, and a network of private and community partners, HOPE Coalition America has provided free financial counseling and casework services to Americans affected by natural disasters and national emergencies in 125 cities in 35 states to date. Taken together, these programs make Operation HOPE the national leader in economic empowerment tools and services for the under-served in America. HOPE and its programs can be found online at www.operationhope.org, www.bankingonourfuture.org, and www.hopecoalitionamerica.org.

Onward, with HOPE

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