05/29/2007- Acquires More Music and Video Content Jan 3, 2008 16:14:57 GMT -5
Post by Franko10 ™ on Jan 3, 2008 16:14:57 GMT -5
May 29, 2007
Fuego Entertainment Acquires More Music and Video Content; Executes Exclusive Agreements With Nine World Famous Latin Artists, and Enters the Christian Music Market
MIAMI, FL -- May 29, 2007 -- Fuego Entertainment, Inc. (OTC BB:FUGO) today announces the acquisition of the entire music and video catalog from Tauri Records, one of Europe's leading Latin music record labels. Tauri is responsible for the releases of the world famous Latin music compilation Ritmo Latino ("Latin Rhythms").
Separately, Fuego has executed exclusive digital distribution agreements with nine Latin music artists. Among these Latin artists are salsa star David Cedeno, Colombian superstar Jessie, Puerto Rican salsa star Tito Sierra, Venezuelan singer/songwriter Juan Diego, Panamanian singer/songwriter Gerardo Garcia, Alexander Gliglo, Eppy Lara, and Villalagos City Band.
Additionally, Fuego has executed an exclusive digital distribution agreement with award-winning Christian music singer Luis Feliz, officially introducing Fuego to the Christian music market. The Christian music market is a popular genre and experiencing rapid growth in the industry.
The exclusive digital distribution agreements include past, present and future works of these artists, whose music and videos will be available through the following global distribution channels: the iTunes Store, Yahoo! Music, Napster, RealNetworks, MusicNet, Wal-Mart Music, SNOCAP, and others. Fuego Entertainment's video content will be distributed through Google Video, the iTunes Store, and others.
"We remain focused on developing an extensive media library, while strengthening our music production," stated Hugo Cancio, President and CEO of Fuego Entertainment, Inc. "Fuego is committed to expanding its distribution channels and plans on increasing global sales through actively seeking additional Latin media content for development or acquisition. We are also seeking additional music and video content in the Christian and children's genres."
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.