SOURCE: Fuego Entertainment, Inc.

January 09, 2008 16:59 ET

Fuego Entertainment Announces Joint Venture, Echo-Fuego, With Legendary Music Producer and Promoter Jeffrey Collins and Makes a Cross Over Into the English Music Market

MIAMI, FL--(Marketwire - January 9, 2008) - Fuego Entertainment, Inc. (OTCBB: FUGO) today announced it has formed a new music division, Echo-Fuego Music, in a joint venture with legendary music producer and promoter Jeffrey Collins. His music catalog of more than 2,000 tracks and 15 artists previously under the Echo-Vista label will be merged into the new joint venture, with a majority stake owned by Fuego Entertainment. Mr. Collins will manage the joint venture which plans to release at least two albums per month over the next five years featuring artists such as KRS-One, Father MC, Ahmir, Marcus Allen, Eriq J'Mar, Don Connor, NoXcuse, Ram Squad, Euricka, Papa San, Jeff Maddox, DJ No-Rap, Culture, Meekie Renee, C.W., World Carnival, Colonel Abrams, La Velle and The L.C.D.'s. The joint venture Echo-Fuego is actively seeking to sign exciting new artists under the new label.

Mr. Jeffrey Collins has spent nearly 40 years in the music business and brings a wealth of knowledge and contacts and an already established infrastructure within the industry. Hailing from London, England where he built a chain of retail record stores and a wholesale distribution company in the 1970s & early 80s at that time he also began producing and signing recording artists and developed his first record company. He helped music moguls Richard Branson of Virgin Records and Chris Blackwell of Island Records launch their multi-million dollar music labels. He has extensive experience in Production, A&R, Wholesale and Retail and has been successful in the genres of Rock, Pop, Disco, Reggae, R&B, Jazz, Dance and Hip Hop.

"This joint venture with Fuego Entertainment is a wonderful opportunity for Echo-Vista to be able to release, promote and showcase the many talented Artists that we have had the pleasure of working with over the years. Fusing all of the contacts of both our companies makes for an exciting and winning combination," quotes Jeffrey Collins

"As our Latin Music Label FEMI continues to grow and continues its course to become a leader in the industry, we thought the time was right to cross over into the Hip Hop R&B market. We have acquired a valuable music catalog and in the process created a diverse library of content that will propel our company into new grounds. I'm honored to have Mr. Collins at the helm of our new music division, his contribution and leadership will be of great value to the overall success of our company," stated Hugo Cancio, President & CEO of Fuego Entertainment.

Echo-Fuego Music Catalog will be distributed in North America by Koch Entertainment Distributor, one of the leading distributors of music and entertainment content in the world. The first album, to be released under the new Echo-Fuego music division will be by legendary artist KRS-One in January 2008. The CD is a collection of recent KRS-One recordings chosen to show a complete range of subject matters.

Financial details for this deal were not disclosed.

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-issues of previously released music and video titles, as well as licenses tracks to and from other producers and record labels for various use, 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.