04/17/2007- New Sales Revenues Jan 3, 2008 16:12:55 GMT -5
Post by Franko10 ™ on Jan 3, 2008 16:12:55 GMT -5
April 17, 2007
Fuego Entertainment Announces New Sales Revenues From Its Music Content
MIAMI, FL -- April 17, 2007 -- Fuego Entertainment, Inc. (OTCBB: FUGO) today announces that for the first calendar quarter of 2007, its music division, Fuego Entertainment Music International (FEMI), has sold over 18,500 music CDs to various distributors and retail outlets around the world. These sales represent over $175,000 in revenue for Fuego Entertainment and are the direct results of the music content previously licensed from Ciocan Music's existing catalog.
These sales do not include the new releases. These sales also do not include the Company's sales efforts in the digital distribution of music, sound recordings, and video content as a result of Fuego's exclusive agreement with Digital Music Group, Inc. (NASDAQ: DMGI). Fuego's management believes that the digital distribution market will represent a significant future revenue stream for the Company.
In the past few months since launching FEMI, Fuego's management has expanded its music marketing and distribution capabilities and enhanced sales in the process. Fuego's management has hired the services of Adolfo Fernandez, a prestigious publicist from F&F Media Group. Mr. Fernandez's firm represents companies such as WEA Music, Sony BMG, Televisa Group, Univision Music Group, EMI US Latin, EMI Music Colombia, Venemusic, Fonosound, Grupo Origin, Warner Music Latina, and others. Mr. Fernandez has worked with many artists such as Andrea Bocelli, Ricky Martin, Alejandro Sanz, Mark Anthony, Shakira, Gilberto Santarosa, Jennifer Lopez, and others.
Fuego's management has also hired Jorge Artiles as Vice-President of Marketing and Promotions for FEMI. Mr. Artiles has years of experience in artist management, marketing and promotions. He started his career in the music industry in 1994 working as a music promoter in Miami. Mr. Artiles has a degree in Music Business Management.
"We are working to market and promote our existing product and new content soon to be released," stated Jorge Artiles. "It is our belief that the quality of our music content will converge with our strategic marketing and promotions campaign to help reach our sales projections."
In addition to Vice-President of Marketing and Promotions, Mr. Artiles will supervise digital distribution, standard music commerce and e-commerce, international operations, music publishing, creative promotion, and concert tours.
About Fuego Entertainment, Inc.
Fuego Entertainment, Inc. is engaged in the production, acquisition, marketing, sales, and distribution of entertainment products such as short films, documentaries, television shows, music, and tour productions. Also, through its subsidiaries, the Company provides management and development of television stations, recorded music, and music publishing services worldwide. The music operations include discovery, production, development, and distribution of recorded music. The Company also markets its music catalog through compilations and re-issuances of previously released music and video titles, as well as licenses tracks to and from other producers and record labels for various uses, including film, documentaries, short films and television soundtracks. For more information, please visit Fuego Entertainment at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Entertainment, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Fuego Entertainment, Inc.