Sun Reports Record Quarterly Earnings of $0.04 Per Share

Sun Reports Record Quarterly Earnings of $0.04 Per Share

VANCOUVER, British Columbia, Sept. 29 /PRNewswire-FirstCall/ -- Sun Entertainment Holding Corporation (OTC Pink Sheets: SETHF)(TSX: SED) is pleased to report record quarterly earnings of $448,173 or $0.038 per share for the quarter ending June 30, 2006. Earnings for the quarter ending June 30, 2005 were $147,860 or $0.012 per share.

Earnings for the six-month period ending June 30, 2006 were $517,087 or $0.043 per share compared to $166,356 or $0.014 per share for the same period of 2005.

Revenues for the quarter ending June 30, 2006 were $1,117,968 compared to $554,470 for the same period of 2005. Revenues for the six month period ending June 30, 2006 were $1,627,225 compared to $907,049 for the same period of 2005.

The increase in revenue in 2006 is mainly the result of greater royalty revenues in the United States from the catalogue of over 8,000 master recordings. The United States companies that generate the largest royalty revenues for the Company are Sony-BMG Music, Universal Music and Time-Life Music. Sun Record Company and its original Rock & Roll artists were prominently featured in the hit Johnny Cash film, "WALK THE LINE", which has positively impacted the Company's revenues. For further information contact Terry O. Lashman at (800) 665-2454 or Sidney S. Singleton at (615) 385-1960 or visit Sun's official websites: www.sunrecords.com or www.sunrecords.info.

First Call Analyst:
FCMN Contact: sidney@sunrecords.com

Source: Sun Entertainment Holding Corporation

CONTACT: Terry O. Lashman, +1-800-665-2454, or Sidney S. Singleton,
+1-615-385-1960, both of Sun Entertainment Holding Corporation

Web site: http://www.sunrecords.com/
http://www.sunrecords.info/

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