M Power Entertainment Announces Agreement with Prestige Asia

M Power Entertainment Announces Agreement with Prestige Asia

NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- M Power Entertainment, (OTC Bulletin Board: MPWE), a developer of lifestyle initiatives to emerging global markets, is pleased to announce today its agreement with Prestige Procurement and Networking Services (Prestige) to manage its Investor Relations Programs and expansion in Asia.

MPWE, an entertainment producer and distributor with offices in Hollywood is expanding its markets as well as sourcing new products. Internationally, MPWE is looking at production and distribution possibilities in Asia. With the assistance of Prestige the first exploration will start in Thailand, a country where more than 700 television and foreign film shootings take place each year. Next, Prestige will assist MPWE in obtaining production opportunities for the 2008 Olympics in Beijing.

To begin in Thailand and set up the regional office MPWE has the advantage of investment as the Thai Board of Investment (BOI) has announced new measures to facilitate and increase investment in software and film industries throughout Thailand. Industry Minister Pinij Jarusombat said after the BOI board meeting last week that through the new incentives, the Government wants to enhance Thailand's attraction in the eyes of investors, both local and foreign.

To promote the Thai film industry, the BOI announced the development of a "Movie Town" industrial estate. Investors in filmmaking operations who locate within the Movie Town will enjoy the same privileges granted to other industrial estates under the current BOI promotion scheme, including an eight- year exemption of corporate income tax and duty-free import of machinery and equipment.

Approved projects in any zone that are located outside of the Movie Town industrial estate will be granted a five-year exemption of corporate income tax.

The Industry Minister said that the tax exemption for producers covers all filming activities such as features, documentaries, and commercials, anywhere in the country. The BOI also approved measures to promote foreign film production in Thailand by offering supporting services to foreign filmmakers. After pre-screening and recommendation from the Thailand Film Office, foreign production companies can now utilize the services of the BOI's One-Stop Service Center for Visas and Permits to facilitate the processing of their immigration documents.

About M Power Entertainment, Inc.

Based in New York, NY, MPWE is a next-generation media and entertainment corporation providing a diversified portfolio of state-of-the-art entertainment and media resources. The Company's strategy is to acquire and integrate its subsidiaries to create lucrative cross-promoting opportunities within the entertainment and lifestyle spheres. For more information on M Power Entertainment please visit its corporate website www.mpe.us.com.

Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.

For Further Information contact:

Deanna Slater
212-731-0834
deanna.slater@mpe.us.comhttp://www.mpe.us.com/

Parties interested in Knightsbridge Group or Prestige may contact Sutida (Sunny) Suwunnavid, President at +666-888-4665

Source: M Power Entertainment, Inc.

CONTACT: Deanna Slater of M Power Entertainment, Inc., +1-212-731-0834,
deanna.slater@mpe.us.com

Web site: http://www.mpe.us.com/

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