Blank named CFO of Equity Broadcasting Corporation.

Coconut Palm Acquisition Corp. which has entered into an agreement to merge with Equity Broadcasting Corporation (EBC), announced that George Blank has been named Chief Financial Officer of EBC, effective upon completion of the merger. Mr. Blank previously served as the Chief Financial Officer of Univision Communications, Inc. UVN and its predecessor company from September 1987 to March 2004 and as Executive Vice President from December 1992 to March 2004. During Mr.

Richard Rochon, the Chief Executive Officer of Coconut Palm commented that, “George is an exceptionally strong fit and the right person to help lead EBC during the company’s anticipated growth phase following the closing of the merger.”