Gener8Xion Entertainment Signs Exclusive Management Agreement With Carolina Pinnacle Studios

Gener8Xion Entertainment Signs Exclusive Management Agreement With Carolina Pinnacle Studios

LOS ANGELES, Aug. 24 /PRNewswire-FirstCall/ -- Gener8Xion Entertainment, Inc. (the "Company") (BULLETIN BOARD: GNXE) announced today that they have signed an exclusive studio management agreement with Carolina Pinnacle Studios (www.carolinapinnaclestudios.com) (the "Studios").

In a move that more than triples its usable stage space, Gener8Xion has access to a 400 acre compound located in the picturesque town of Yanceyville, in the triad area of the state. The Studios are close to four of North Carolina's five major metropolitan areas and southern Virginia which is home to countless TV shows and features. This well-regarded independent studio campus will be enhanced to appeal to both long and short-form productions, including commercials and photo shoots. With this addition, Gener8Xion now offers bicoastal stages ranging in size from 1,800 square feet to 55,000 square feet. The Studios include 12,000 square feet of shops, 20,000 square feet of production offices, make-up and dressing rooms, jogging paths, biking trails, a private lake, fitness center, an 1832 Antebellum Mansion and a nearby 18 hole championship golf course.

"Our relationship with Pinnacle Studios will allow us to offer our affiliates and partners available stage space from coast to coast. This rounds another corner in our quest to fully embrace the media needs of both our internal productions and the productions of our vast faith based Ministries Network," stated Matthew Crouch, Chairman and CEO of Gener8Xion. "Gener8Xion is the ideal company for our Studios, they are driven by the same beliefs and business philosophies and fit well with our corporate culture," stated Faiger Blackwell, Owner of Carolina Pinnacle Studios.

Gener8Xion Entertainment, Inc. (www.8x.com) is an independent entertainment company engaged in the development, production, financing and distribution of "family based" feature films, television programming, animation, documentaries, studio facility management and entertainment equipment provider. It's most current project is the soon to be released epic two-part theatrical motion picture "One Night With the King" (www.8x.com/onenight) featuring such stars as Peter O'Toole, Omar Sharif, John Noble, John Rhys-Davies, James Callis, Luke Goss and newcomer Tiffany DuPont.

This news release includes certain forward-looking statements (all statements other than those made solely with respect to historical fact) and the actual results may differ materially from those contained in the forward-looking statements due to known and unknown risks and uncertainties. Any one or more of several risks and uncertainties could account for differences between the forward-looking statements that are made today and the actual results, including with respect to our sales, profits, liquidity and capital position. These factors include, but are not limited to: risks relating to our ability to satisfy regulatory requirements with respect to our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002, which requires us to perform an evaluation of our internal controls over financial reporting and have our auditor attest to such evaluation; softness in the general retail environment or in the markets for our products; the timing and acceptance of products being introduced to the market; the level of product returns experienced; the level of margins achievable in the marketplace; the collectibility of accounts receivable; the recoupment of royalty advances; the effects of acquisitions or dispositions, the financial condition of our customers and suppliers; the realization of inventory values at carrying amounts; our access to capital; the outcome of any future Internal Revenue Service audits; and the realization of income tax and intangible assets. These conditions cannot be predicted reliably and the Company may adjust its strategy in light of changed conditions or new information. Gener8Xion Entertainment, Inc. disclaims any obligation to update forward-looking statements. Gener8Xion Entertainment, Inc. is located at 3400 Cahuenga Boulevard, Hollywood, CA 90068.

For further information, please contact:
Marcos M. De Mattos, +1-323-874-9888
Vice President
Genr8Xion Entertainment, Inc.
marcos@8X.com

Source: Gener8Xion Entertainment, Inc.

CONTACT: Marcos M. De Mattos, Vice President of Genr8Xion Entertainment,
Inc., +1-323-874-9888, marcos@8X.com

Web site: http://www.carolinapinnaclestudios.com/

Web site: http://www.8x.com/onenight

Web site: http://www.8x.com/

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