Document:

EXHIBIT 10.10

                           PURCHASE AND SALE AGREEMENT

         This PURCHASE AND SALE AGREEMENT (this "Agreement") is dated as of
August 16, 2001, by and between Merchants Broadcasting Systems of Southwest
Georgia, a Georgia Corporation ("Seller") and Worldwide PetroMoly, Inc. d/b/a
Small Town Radio, a Georgia corporation, and any subsidiary thereof as
designated by Worldwide PetroMoly ("Buyer").

                                   WITNESSETH

         WHEREAS, Seller owns and operates radio station WBBK-FM & AM licensed
to Blakely, GA and WGMK-FM, WSEM AM licensed to Donalsonville, GA (the
"Station"), and holds the licenses and authorizations issued by the FCC for the
operation of the Station (the "Licenses").

         WHEREAS, Buyer desires to acquire certain assets of the Station set
forth in Schedule 1, attached hereto, including the Licenses (collectively, the
"Assets") and Seller is willing to convey the Assets to Buyer.

         WHEREAS, the acquisition of the Assets is subject to prior approval of
the FCC.

         NOW, THEREFORE, in consideration of the mutual covenants and premises
made herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

<PAGE>

         1. Sale and Purchase of Assets. On and subject to the terms and
conditions set forth herein, at the Closing (as hereinafter defined) Seller will
sell, transfer, convey, assign and deliver to Buyer, and Buyer will purchase and
acquire from Seller all of Seller's right, title and interest in, to, and under,
the Assets.

         2. Limited Assumption of Liabilities. Seller acknowledges and agrees
that, except as provided below, Buyer will not assume any leases, contracts,
customer claims or any other liability of Seller. However, on and subject to the
terms and conditions set forth herein, at the Closing Buyer will assume the
liabilities set forth in Schedule 2 hereto (the "Liabilities"). The omission of
any obligation or liability from Schedule 2 shall be deemed an affirmative
agreement by the parties hereto that such obligation or liability shall not be
assumed by Buyer.

         3. Purchase Price. The purchase price for the Assets to be paid by
Buyer to Seller shall be the assumption of the Liabilities and the payment set
forth on Exhibit A.

         4. Closing. Subject to the satisfaction of the conditions contained in
this Agreement, the consummation of the transactions described herein shall take
place at the closing (the "Closing") to be held at the offices of Paul Hastings
Janofsky and Walker LLP in Atlanta, GA, December 15, 2001, 10:00 am, or as soon
as practicable after all Closing Conditions set forth in Sections 5 and 6 hereof
have been either fulfilled or waived, but in no event later than January 31,
2002.

<PAGE>

         5. Buyer's Closing Conditions. Buyer's obligations to consummate the
transactions contemplated herein are subject to the fulfillment on or prior to
the Closing of all of the conditions set forth below, any of which may be waived
in whole or part by Buyer:

         (a) Representations and Warranties Correct. The representations and
warranties made by Seller in Section 7 hereof shall be true and correct in all
material respects when made, and shall be true and correct in all material
respects on the date of Closing.

         (b) Covenants. All covenants, agreements and conditions contained in
this Agreement to be performed by Seller on or prior to the Closing shall have
been performed or complied with in all material respects.

         (c) Closing Deliveries. Seller shall have delivered to Buyer those
items listed in Section 8(a).

         (d) FCC Approval: The FCC shall have given its consent in writing to
the assignment of the Licenses by Seller to Buyer, as contemplated by this
Agreement and such consent shall have become a final order, free of any special
conditions adverse to Buyer.

         (e) Other Governmental Approval. The approval of such other federal or
state agencies, including taxing authorities, as are desirable to consummate the
purchase of the Assets shall have been obtained in writing.

<PAGE>

         (f) Due Diligence. Buyer shall have completed its due diligence review
of the assets to Buyer's complete satisfaction.

         (g) Approval of Buyer's Board of Directors. The Board of Directors of
Buyer shall have approved of and consented to the consummation of the
transactions contemplated by this Agreement.

         6. Seller's Closing Conditions. Seller's obligations to consummate the
transactions contemplated herein are subject to the fulfillment on or prior to
the Closing of all of the conditions set forth below, any of which may be waived
in whole or part by Seller:

         (a) Closing Deliveries. Buyer shall have delivered to Seller those
items listed in Section 8(b).

         (b) No Objections. No federal or state agency or self-regulatory
organization shall have objected in writing to the consummation of the
transactions hereunder.

         7. Representations, Warranties and Covenants of Seller. Seller hereby
represents, warrants to and covenants with Buyer that:

         (a) this Agreement has been duly and validly executed by Seller and
constitutes a legal, valid and binding obligation of Seller enforceable in
accordance with its terms;

         (b) neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated hereby will violate or conflict
with any statute, law, ordinance or regulation, or any judgment, order, writ or
decree of any court or agency applicable to Seller or any of its assets;

         (c) except for FCC consent needed for the transfer of the Licenses, no
waiver, permit, consent, authorization or approval of, or form, and no
registration, filing or notice with or to any third party, including any
governmental authority, regulatory body of the United States or of any state or
self regulatory organization, is required to be obtained or made by Seller to
consummate the transactions contemplated hereby;

         (d) Seller has good, marketable and valid title to all of the Assets
free and clear of all liens, including liens for taxes, and including the right
to transfer same.

         (e) Seller shall inform Buyer immediately if any representation,
warranty, covenant, or agreement contained in this section is no longer accurate
or has been breached, as the case may be.

         8. Closing Deliveries.

         (a) At the Closing, Seller shall deliver to Buyer an executed Bill of
Sale in the form attached hereto as Exhibit B and a certificate stating that the
warranties and representations made herein are true and complete as of the
Closing.

<PAGE>

         (b) At the Closing, Buyer shall deliver to Seller a cashier check or
wire transfer made payable to Seller in the amount set forth on Exhibit A.

         9. Further Assurances. The parties agree to execute such further
instruments and to cooperate with each other and to take such further action as
may be reasonably necessary to carry out the purposes and intent of this
Agreement.

         10. Books and Records. Prior to the Closing Sellers shall provide Buyer
and its professional representatives free and full access to or copies of the
records and other documents of or relating to the Assets as Buyer shall
reasonably request, and shall have their representatives provide such additional
information pertaining thereto as reasonably requested by Buyer.

         11. Governing Law; Severability. This Agreement shall be governed by
and construed in accordance with the laws of the State of Georgia, without
giving effect to its conflict of law principles.

         12. Schedules and Exhibits. Each party hereto agrees that each Schedule
and Exhibit attached hereto is incorporated by reference herein and made a part
hereof hereby.

         13. Confidentiality. Except such disclosure as may be required of Buyer
as a publicly-traded company, the parties agree that the existence of this
Agreement, and the information contained in this Agreement, is confidential and
that each party shall exercise no less than the same degree of care to safeguard
the confidentiality of the information in this Agreement as it would exercise to
safeguard the confidentiality of its other confidential data and information and
shall not to use the confidential information for any purpose other than the
implementation and enforcement of this Agreement.

         14. Miscellaneous. This Agreement constitutes the entire understanding
of the parties concerning the matters set forth herein and cancels and
supersedes all previous agreements and understandings, whether written or oral.

                            [Signature page follows]

<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
as of the day and year first above written.

SMALL TOWN RADIO, INC.                 [SELLER]

By:      /s/ Don Boyd                           By:   /s/
   ------------------------------                   -------------------------
Name:    Don Boyd                               Name:
Title:   President                              Title:

         WITNESS                                WITNESS

<PAGE>

                                   SCHEDULE 1

                                     Assets

                        [If these Assets include real estate, a warranty deed
will be delivered at Closing.]

<PAGE>

                                   SCHEDULE 2

                               Assumed Liabilities

<PAGE>

                                    EXHIBIT A

                           Terms of Purchase and Sale

PURCHASE PRICE: $800,000 cash at closing. A 6-year note of $550,000 at 7%
interest. Total purchase price of $1,350,000. The aforesaid note of $550,000
bearing interest of 7% per annum shall be payable at the rate of $9,376.95 per
month beginning on the 1st of the month after closing and continuing on the
first of each month thereafter until debt is paid in full. This note shall be
secured by a first lien on all assets transferred to Buyer by Seller and shall
be perfected by appropriate security deeds financing statements and other
documents.

A five-year Employment Agreement with Gil Kelley, Jr. as Community Coordinator
at a rate of $36,000 per year effective date of closing.

LIQUIDATED DAMAGES:

         A) Buyer shall deliver $70,000 in cash or by delivery of a
non-recourse note secured by a pledge of 500,000 restricted shares of Worldwide
PetroMoly (MOLY) held by CFO Robert S. Vail including an executed stock transfer
power from Robert S. Vail enabling transfer to the seller in escrow with an
agent mutually agreeable to both parties no later than the day of filing for
transfer of license with the FCC or by September 15, 2001.

         B) The parties intending to be bound and pursuant to O.C.G.A.
Section 13-6-7. Hereto recognize that if Buyer defaults in its obligation
hereunder determining Seller's damages could be difficult; therefore, all stock
held in escrow shall be retained by Seller as liquidated damages with Seller
having full rights to sell the stock per SEC restrictions and regulations. Buyer
shall then be released from all liability or obligation hereunder and no other
remedy shall be available to any Party for Buyer's breach of this Contract.

         C) In those cases where Buyer is permitted herein to rescind
this Contract, notice of such rescission shall be in writing. And on giving such
notice, Buyer shall receive an immediate refund of all stock held in escrow, and
thereafter the Parties shall have no further liability or obligation to, or
remedy against each other.

         This contract expires unless signed and received by 5:00pm EST Friday
August 17, 2001.

<PAGE>

                                    EXHIBIT B

                      [Form of Bill of Sale and Assignment]

         THIS BILL OF SALE AND ASSIGNMENT (the "Assignment"), dated as of July
31, 2001, is made by Merchants Broadcasting Systems of Southwest Georgia, a
Georgia Corporation ("Seller"), in favor of Small Town Radio, Inc. ("Buyer").

                              W I T N E S S E T H:

         WHEREAS, Buyer and Seller have entered into a Purchase and Sale
Agreement, dated as of August 1 2001 (the "Agreement"), pursuant to which Seller
has agreed to sell, transfer and assign to Buyer, and Buyer has agreed to
purchase from Seller, all right, title and interest in and to the Assets owned
by Seller, as set forth in Schedule 1 to the Agreement and this Assignment
(capitalized terms used herein and not otherwise defined herein shall have the
meanings given to them in the Agreement);

         WHEREAS, Seller owns and controls one hundred percent (100%) of the
Assets, without restriction or limitation other than those governmental
restrictions or limitations generally applicable to assets of the same type.

         NOW, THEREFORE, in consideration of the mutual covenants and promises
contained in the Agreement and for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Seller, intending to be
legally bound hereby, agrees and covenants as follows:

Section 1. Assignment. Seller does hereby irrevocably and unconditionally grant,
sell, convey, assign, transfer, set over to, vest in and deliver to Buyer all
right, title and interest, legal and equitable, of Seller in and to the Assets,
free and clear of all liens and subject to the other terms and conditions set
forth herein. Seller hereby constitutes and appoints Buyer, its successors and
assigns, as Seller's true and lawful attorney and attorneys, with full power of
substitution in Seller's name and stead, but on behalf and for the benefit of
Buyer, its successors and assigns, to demand and receive the Assets, and to give
receipts and releases for and in respect of the same, and any part thereof, and
from time to time institute and prosecute in Seller's name, or otherwise, at the
expense to the extent provided in the Agreement and for the benefit of Buyer,
its successors and assigns, any and all proceedings at law, in equity or
otherwise, or before any governmental body or regulatory authority that Buyer,
its successors and assigns may deem proper for the collection or reduction to
possession of the Assets or the enforcement of any claim or right of any kind
hereby granted, sold, conveyed, assigned, transferred, set over or vested, or
intended so to be, and to do all acts and things in relation to the Assets which
Buyer, its successors or assigns shall deem reasonably desirable.

Section 2. Further Assurances. Seller owns and controls one hundred percent
(100%) of the Assets without restriction or limitation other than those
governmental restrictions or limitations generally applicable to assets of the
same type. Seller hereby covenants and agrees that, at any time and from time to
time after the delivery of this Assignment, Seller, its successors and assigns
will do, execute, acknowledge and deliver, or will cause to be done, executed,
acknowledged and delivered, any and all such further acts, conveyances,
transfers, assignments, powers of attorney, assurances and documents which Buyer
may reasonably require to more effectively grant, sell, convey, assign,
transfer, set over to or vest in Buyer the License or to carry into effect the
intent and purposes of this Assignment and the transactions contemplated hereby.

Section 3. Amendment and Modification; Waiver. This Assignment may be amended,
modified and supplemented by written instrument authorized and executed by Buyer
and Seller at any time with respect to any of the terms contained herein. No
waiver by Buyer of any of the provisions hereof shall be effective unless
explicitly set forth in writing and executed by Buyer. The waiver by Buyer of a
breach of any provisions of this Assignment shall not operate or be construed as
a waiver of any other or subsequent breach.

Section 4. No Third-Party Beneficiaries. This Assignment is for the sole and
exclusive benefit of Buyer and its respective successors and assigns and nothing
herein, express or implied, is intended or shall be construed to confer upon or
give to any person, firm or corporation other than Buyer and its respective
successors and assigns any rights, remedies or claims under, or by any reason
of, this Assignment or any terms, covenants or conditions hereof.

<PAGE>

Section 5. GOVERNING LAW. THIS ASSIGNMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA WITHOUT GIVING EFFECT TO SUCH
STATE'S LAWS AND PRINCIPLES REGARDING THE CONFLICT OF LAWS.

Section 6. Construction. This Assignment is subject to the provisions of the
Agreement. Neither the making nor the acceptance of this Assignment nor any
provision hereof shall restrict or otherwise modify the provisions of the
Agreement or the rights and obligations of the parties thereunder or constitute
a waiver or release by any of the parties to the Agreement of any liabilities,
duties or obligations imposed upon any party by the provisions of the Agreement.
If any conflict exists between the terms of this Assignment and the terms of the
Agreement, the terms of the Agreement shall govern and control.

Section 7. Headings. The headings of this Assignment are for reference purposes
only and shall not affect in any way the meaning or interpretation of this
Assignment.

         This Assignment is being executed by the Seller and shall be binding
upon the Seller, its successors and assigns, for the uses and purposes set forth
and referred to above, and shall be effective as of the date and year first
above-stated.

Merchants Broadcasting Systems of Southwest Georgia

By:        /s/
         --------------------------------------------
Name:
Title:EXHIBIT 10.11

                              CONSULTING AGREEMENT

         THIS CONSULTING AGREEMENT (the "Agreement") is made and entered into as
of the 10th day of September, 2001, by and between Small Town Radio, Inc. a
Georgia corporation (the "Company") and Richard P. Smyth (the "Consultant").

                                    RECITALS

         WHEREAS, Consultant has represented that he has the experience and
ability to obtain a bank line of credit on behalf of the Company;

         WHEREAS, the Company desires to engage Consultant to obtain a bank line
of credit for funds for use as working capital;

         WHEREAS, the Company desires to enter into this Agreement with
Consultant to set forth in detail the terms and conditions governing the
relationship between the Company and the Consultant;

         THEREFORE, and in consideration of the mutual covenants and agreements
herein contained and other good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.       Engagement and Term.
         -------------------

                  Subject to the terms and conditions of this Agreement, the
Company hereby retains Consultant to provide his services to obtain a bank line
of credit in the amounts set forth below on behalf of the Company and for the
use of the Company. This Agreement shall be for an initial period of sixty (60)
days, and may be extended for two thirty (30) periods, at the Company's
discretion. Upon termination of this Agreement, all provisions herein will
become null and void, except for the provisions set forth in Sections 6, 10 and
11 of this Agreement, which shall survive the termination of this Agreement.

2.       Description of Services.
         -----------------------

                  During the term of this Agreement, Consultant shall devote
appropriate resources to the task of obtaining a bank line of credit for the
benefit of the Company. Unless otherwise specifically agreed by the Consultant
and the Company in writing, the Consultant shall perform no services for the
Company other than as set forth herein.

3.       Amount of Line of Credit.
         ------------------------

                  The line of credit to be obtained by the Consultant for use by
the Company shall be for an amount no less than $200,000.

4.       Compensation of Consultant.
         --------------------------

                  (a) The Consultant shall be compensated as follows: for each
dollar of a bank line of credit made available to the Company up to $250,000,
Consultant shall receive eight (8) shares of the Company's stock under the

<PAGE>

Company's Stock Incentive Plan, registered under the Company's Form S-8. If the
Consultant is successful in obtaining a bank line of credit in the amount of
$200,000, the Consultant shall receive 1.6 million shares of the Company's
stock. If the Consultant obtains a bank line of credit for $250,000, then the
Consultant shall receive 2 million shares of the Company's stock. For amounts
over $250,000, the Consultant shall receive four (4) shares of the Company's
stock under the Company's Stock Incentive Plan, registered under the Company's
Form S-8, for each dollar increase in the bank line of credit. For example, if
the Consultant obtains a bank line of credit in the amount of $300,000, the
Consultant will be entitled to receive 2.2 million shares. If the Consultant
obtains a bank line in the amount of $500,000, then the Consultant shall be
entitled to receive 3 million shares of the Company's stock.

                  (b) Any shares issued to Consultant under this Agreement shall
be valued as of the date this Agreement, regardless of when actually issued.

                  (c) An initial closing shall occur upon the Consultant
fulfilling his duties set forth above. Within forty-eight (48) hours of the
initial closing, the Company will issue the appropriate number shares to the
Consultant, as set for in 4(a) above. If the line of credit is increased, a
subsequent closing shall occur, and the Company will issue the additional shares
to which he is entitled, as set forth in 4(a) above. For example, if the
Consultant obtains a line of 200,000, he will receive 1.6 million shares of the
Company's stock within forty-eight (48) hours. If the line is subsequently
increased to $300,000, the Consultant will receive an additional 600,000 shares
of the Company's stock.

5.       Terms Acceptable to the Company.
         -------------------------------

                  The terms and conditions of the bank line of credit shall be
acceptable to the Company in its sole discretion. Should any term or condition
of the bank line of credit at closing differ in any material way from such terms
and conditions as presented to the Company prior to closing, the Company shall
have the right, in its sole discretion, to reject the bank line of credit, and
this Agreement shall become null and void.

6.       Representations and Warranties of the Consultant.
         ------------------------------------------------

                  (a) At all times, the Consultant will observe and shall not
knowingly violate any law, regulation, rule or ordinance of any state, including
but not limited to, Georgia and Florida, or any federal law, rule, regulation or
ordinance governing the transfer, sale, registration, pledge or offering of any
security under the Securities Act of 1933 or the Securities Exchange Act of
1934, or any other rule, regulation, or policy of the Securities and Exchange
Commission.

                  (b) The Consultant hereby covenants and agrees that he will
not utilize the shares of the Company's stock to be awarded to the Consultant,
as compensation for his services pursuant to this Agreement, either directly or
indirectly, to pledge, collateralize, secure or otherwise to assist the
Consultant in acquiring the bank line of credit to be obtained by Consultant
contemplated by this Agreement.

                                       2
<PAGE>

7.       Release of Shares.
         -----------------

                  The shares to be paid to the Consultant in compensation for
his services hereunder will be issued to the Consultant within forty-eight (48)
hours of the closing by the Company on an acceptable bank line of credit.

8.       Entire Agreement.
         ----------------

                  This Agreement supersedes all prior agreements, if any,
between the parties concerning its subject matter, and constitutes the entire
Agreement between the parties with respect to the matters contained herein.

9.       Taxes.
         -----

                  Any and all income and other taxes applicable to any payments
made by the Company to the Consultant under this Agreement shall be the sole
responsibility and liability of Consultant. Consultant shall indemnify and hold
harmless the Company for any liability or damages imposed upon the Company for
taxes payable by or with respect to Consultant.

10.      Indemnification.
         ---------------

                  (a) The Consultant shall indemnify and hold harmless the
Company with respect to any demands, judgments, settlements, damages, payments
or claims of any nature whatsoever arising from or out of the Consultant's
performance of its duties hereunder, or any breach of the representations and
warranties made by the Consultant herein, at law or in equity in connection with
the Consultant's activities, actions, operations or decisions, including but not
limited to any errors, omissions, incidents or accidents occurring in connection
with such activities, actions, operations or decisions, or otherwise in the
course of conduct of Consultant's activities, which indemnity shall continue for
a period of three (3) years notwithstanding the termination of this Agreement.

                  (b) The Company shall indemnify and hold harmless the
Consultant with respect to any demands, judgments, settlements, damages,
payments or claims of any nature whatsoever arising from or out of the breach of
any representations and warranties made by the Company herein, at law or in
equity in connection with this Agreement, which indemnity shall continue for a
period of three (3) years notwithstanding the termination of this Agreement.

11.      Confidential Information.
         ------------------------

                  During Consultant's engagement with the Company and for a
period of one year thereafter, Consultant and Company will hold in strict
confidence and not disclose to any person or entity without the express written
authorization of the other party, any confidential or secret information,
financial marketing data, including, without limitation, financial statements of
the other party, business methods, customer lists or any other secret or
confidential information relating to the other party; provided, however, that
confidential information shall not include any of the foregoing which (i) is
available to the public generally, or (ii) has been obtained by Consultant or
Company without the use of any confidential information or in connection with

                                       3
<PAGE>

the Consultant's engagement with the Company and not in violation of any of the
terms of this Agreement, or (iii) is or has been learned by the Consultant or
Company through an independent third party who is not and has not been
affiliated with or employed by the Company or Consultant, or bound by an
agreement of confidentiality or fiduciary duty to the Company or Consultant.
Consultant and Company agree that neither will make any use, outside the scope
of this engagement, of any confidential information and will not make any use of
any confidential information at any time for one (1) year after termination of
this Agreement.

12.      Independent Contractor.
         ----------------------

                  Consultant's relationship to the Company hereunder shall be
that of an Independent Contractor. Consultant shall not be the agent of the
Company and shall have no authority to act on behalf of the Company in any
manner whatsoever except in the manner and to the extent that the Company may
expressly agree in writing in furtherance of the Consultant's obligations under
this Agreement.

13.      Governing Law.
         -------------

                  Regardless of the place of execution or performance, this
Agreements and all amendments, modifications or supplements thereto and the
rights of the parties hereunder shall be governed by and enforced in accordance
with the laws of the State of Georgia.

14.      Agreement Non-Assignable.
         ------------------------

                  The parties acknowledge that this Agreement has been entered
into as a result of, among other things, representations by the Consultant that
it is able to perform its duties hereunder and this Agreement may not be
assigned or transferred by the Consultant in whole or in part without the prior
written consent of the Company.

                                       4

<PAGE>

         IN WITNESS WHEREOF, the Company and the Consultant have caused this
Agreement to be executed as of the date first written above.

                                           The Company, SMALL TOWN RADIO, INC.

                                           By: /s/ Donald Boyd
                                           Its: President

                                           /s/ Robert S. Vail
                                           Chief Financial Officer

                                           The Consultant, RICHARD P. SMYTH,

                                           By:       /s/ Richard P. Smyth
                                           Its: Sole Principal

                                       5

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