November 4, 2008
Fuego Entertainment Releases Five New CDs, Adds 1,500 Additional Music Tracks for Digital Distribution, and Continues to Upload Over 3.5 Million Music Tracks to FuegoMio.Com
MIAMI, Nov. 4, 2008 (GLOBE NEWSWIRE) -- Fuego Entertainment (OTCBB:FUGO) today announced that it continues to acquire and release new CDs via its record labels: FEMI and Echo-Fuego. Both labels are distributed by Koch Entertainment.
Four new albums were released in September 2008 by Echo-Fuego: Eriq J'Mar (R&B), Jeff Maddox (Country), Positive K (Hip Hop), and Marcus Allen (R&B). One new album was released in September 2008 by FEMI; this album entitled Akapelleando is the latest release by 3-time Latin Grammy nominee Vocal Sampling (Latin). In the coming weeks, four additional new albums will be also released by Fuego Entertainment.
Fuego is also in the process of uploading over 3.5 million music tracks to its Internet portals: FuegoMio.com. Revenues from the website will come from the sale of media downloads and advertising. The majority of Fuego's online media content is provided by two major distributors: The Orchard Enterprises, Inc. ("The Orchard"), Independent Online Distribution Alliance, Inc. ("IODA"). Fuego will continue to add more media content to its portals and is currently negotiating with other independent labels and distributors to be a part of FuegoMio.com.
"Digital music sales and distribution has become the primary focus of Fuego's sales strategy, our goal is to become one of the major online digital retails outlets in world," states Hugo Cancio, President of Fuego Entertainment. "Content is king and Fuego has access to a wide variety of entertainment from all over the world across all age groups, income levels, and ethnic backgrounds. Targeting a crossover into English-speaking markets, Fuego offers media and entertainment products with a Latin flair. Fuego is currently focusing on music, however, our goal is to eventually reach global proportions for content of all genres using many different brands of media product, such as feature films, documentaries, reality television shows, etc."
For more information, please visit Fuego Entertainment at http://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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
CONTACT: Fuego Entertainment Dan York, Investor Relations 214 675-2531 [email protected]