Fuego Entertainment Updates Shareholders on the Acquisition of 14 Television Stations from L4 Media Group

Fuego Entertainment Updates Shareholders on the Acquisition of 14 Television Stations from L4 Media Group

MIAMI, Oct. 26 /PRNewswire-FirstCall/ -- Fuego Entertainment, Inc. (BULLETIN BOARD: FUGO) today announced that it has negotiated a 14-day extension with L4 Media Group for the acquisition of 14 television stations. Fuego Entertainment is also considering three-year employment agreements with two members of L4 Media Group's senior management.

"The last 60 days of reciprocal due diligence has proven our original hypothesis that great content, when married with a strong regional distribution footprint, creates a viable business model with scalability across a National ethnic platform. We continue to be excited about the combination of Fuego Entertainment and L4 Media Group and expect this deal to be consummated soon," said Rick Ehrman, Chairman of L4 Media Group.

With stations in Las Vegas and Puerto Rico, Fuego Entertainment, Inc. is a media and entertainment company primarily engaged in the television broadcasting of Spanish-speaking programming on its US television network, FuegoTV. The Company also produces filmed content and manages a music record label, Fuego Entertainment Music International (FEMI), with seven Latin artists. For more information, please visit Fuego's website at http://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.

First Call Analyst:
FCMN Contact: danyork@dallastexas.net

Source: Fuego Entertainment, Inc.

CONTACT: Dan York, Investor Relations of Fuego Entertainment, Inc.,
+1-214-675-2531, or ir@fuegoentertainment.net

Web site: http://www.fuegoentertainment.net/

-------
Profile: intent