May 05, 2008 08:30 ET

Family Entertainment Corporation Announces Subsidiary, Prestige Cars International, Inc., Has Agreed to Acquire eBay Sales by Prestigious, Inc.

BOCA RATON, FL--(Marketwire - May 5, 2008) - Family Entertainment Corporation (PINKSHEETS: FMLE) (the "Corporation"), www.familyentertainmentcorp.com, announced today that its subsidiary, Prestige Cars International, Inc., ("PCI"), www.prestigecarsintl.com, has entered into an agreement to acquire "eBay Sales by Prestigious, Inc.," doing business as "Prestigious Eurocars," www.prestijiouseurocars.com, an online retailer of classic and collectible Rolls Royce, Bentley, Jaguar and other motorcars sold worldwide. eBay Sales by Prestigious, Inc. was originally founded by Robert Atanasov, President of PCI, as an online marketer of classic and collectible cars worldwide.

About Family Entertainment Corporation

Family Entertainment Corporation is a diversified holding company with a business plan of owning and operating entertainment and consumer marketing and distribution companies in the U.S. In early 2007, it acquired its subsidiary, Prestige Cars International, Inc., a restorer and dealer of pre-owned Rolls Royce, Bentley and other high-end motor cars, including many collector's editions shipped worldwide. In late 2007, it acquired AK Entertainment and Marketing, Inc., Miami, Florida, a national distributor of the Boogie Bodies entertainment system (www.boogie-bodies.com). AK Entertainment and Marketing, Inc. has exclusive U.S. distribution rights for the Boogie Bodies' entertainment system for select vertical markets in the family entertainment industry. In May 2008, PCI also entered into an agreement to acquire Trimcar, Inc. (www.trimcar.com), Ft. Lauderdale, Florida, a worldwide distributor and installer of high end custom leather seat covers.

Safe Harbor Statement

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