05/01/2007- Agreement With Adriano Tota Jan 3, 2008 16:14:20 GMT -5
Post by Franko10 ™ on Jan 3, 2008 16:14:20 GMT -5
May 1, 2007
Fuego Entertainment Announces the Acquisition of Adriano Tota Productions' Media Library and an Exclusive Production Agreement With Adriano Tota
MIAMI, FL -- 05/01/07 -- Fuego Entertainment, Inc. (OTCBB: FUGO) today announces the acquisition of the entire music and video catalog from Adriano Tota Productions, one of Europe's leading Latin music and video production powerhouses. This acquisition includes the master recordings of Adriano Tota Productions' entire music and video catalog, containing over 300 music tracks and over 20 videos of some of the most popular Cuban and European artists.
Most of these music tracks and video masters are unreleased new productions. Recent hits from this library include two-time gold record winner Boris, Gemelos Son, and the musical phenomenon CLAN 537, with its hit song "La Caperucita" from the soon to be released CD, "Habia Una Vez, La Caperucita." Within the next few weeks, some of these new music productions will be available for worldwide sale and distribution in CD and digital format. New releases include tracks from CLAN 537's "Habia Una Vez, La Caperucita," Boris' "El Dinero," Gemelos Son, and Sr. Rodriguez.
Led by the renowned music producer Adriano Tota, Adriano Tota Productions has produced music for major record labels such as Sony-BMG, Vale Music, Blanco y Negro, Filmax, and others. Adriano Tota Productions and Producer Adriano Tota have agreed to a two-year exclusive production agreement with Fuego Entertainment Music International (FEMI), where all productions in progress and over the next two years will be produced by FEMI. Furthermore, Fuego Entertainment Music International will co-produce the world tours for the entire roster of artists under Adriano Tota Productions.
Additionally, Fuego Entertainment is proud to announce that Mr. Tota has also been named President of FEMI's European Division. Adriano Tota Productions' office in Milan, Italy will become the European office of FEMI.
"Fuego Entertainment continues its quest to acquire the best Latin music and video content available in order to strengthen its media library and music production capabilities," stated Hugo Cancio, CEO of Fuego Entertainment. "We now have a strong presence in Europe, which is a natural market for the expansion of our audio and filmed content. This acquisition and the addition of Mr. Adriano Tota to our team represents our commitment to became a leader in the production, sales, and distribution of Latin media, which has a global audience. Today, our music division has gained a remarkable and talented partner."
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.