06/14/2007- Acquires All Music Assets From Sunflow Jan 3, 2008 16:19:56 GMT -5
Post by Franko10 ™ on Jan 3, 2008 16:19:56 GMT -5
June 14, 2007
Fuego Entertainment Acquires All Music Assets From Sunflower Publishing and Launches Its Own Publishing Division, Fuego Music Publishing
MIAMI, FL -- 06/14/07 -- Fuego Entertainment, Inc. (OTCBB: FUGO) today announces the asset acquisition of all music content from Sunflower Publishing, Inc., a publishing company that manages an extensive catalog of music compositions from various artists and singer/songwriters from around the world. This acquisition includes a servicing agreement with Broadcast Music, Inc. (BMI).
With this acquisition, Fuego Entertainment has expanded its operations to include a music publishing division by launching Fuego Music Publishing ("FMP"). Separately, FMP has also executed exclusive publishing agreements with several award-winning singer/songwriters such as Alexander Giglo, Leonardo Diaz, Lorena Lee, Ivan Barrios, and Latin Grammy nominee Gerardo Garcia Pineda, which are signed with Fuego. Mr. Pineda has written songs for Latin music icons such as Cano Estremera, Osvaldo Ayala, Anthony Cruz, Domingo Quinones, and multi-Grammy award-winner, multi-platinum artist Gilberto Santa Rosa.
"In the music industry, it is not only the artists, singer/songwriters, and record labels who depend on music publishing companies to manage, market, promote, and commercially exploit their music compositions. The film, TV, video game, and advertising industries are in constant search for music and must employ their services as well. The launching of Fuego's publishing division, FMP, was a long-term goal that we were able to realize due to the Company's rapid growth within the Latin entertainment community. This transaction was essential in jump-starting the opportunity for Fuego to better manage its extensive library of music compositions and now enable Fuego to service other artists, record labels, the film/TV industry, and other new media," stated Hugo Cancio, President and CEO of Fuego Entertainment.
For more information about Fuego Entertainment please visit our website 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.