Chilmark Entertainment Group, Inc. Announces Sale of Music Assets to Zoomoozik

Chilmark Entertainment Group, Inc. Announces Sale of Music Assets to Zoomoozik

SOUTHAVEN, Miss., Nov. 3 /PRNewswire-FirstCall/ -- Chilmark Entertainment Group Inc, (OTC Pink Sheets: CKGR) announced today as part of their agreement with Integrated Bio-Energy Resources that it has sold all of the Company's music assets, which include artist contracts, music licensing agreements and the Company's music library.

The assets were purchased for 10% of the ownership of Zoomoozik, LLC. Zoomoozik is one of the first all digital record labels and is approaching the music industry with a unique and different focus. Zoomoozik, LLC is in the process of completing an IPO which they anticipate occurring in the 2nd quarter of 2007. As part of the agreement, 10% of the stock of the new IPO will be issued to shareholders of record of Chilmark Entertainment Group, Inc. as of October 31, 2006 for the music assets of Chilmark Entertainment Group, Inc.

Chilmark Entertainment Group, Inc. as part of their agreement with Integrated Bio-Energy Resources has also spun out the remaining assets and liabilities into a private company Chilmark Music, Inc. The assets are the 50% ownership in Video B Gone, LLC, the financial interest the company has in See More Golf, LLC. The liabilities will be paid as part of the agreement with Integrated Bio-Energy Resources by January 15, 2007. The entire entity will therefore be Integrated Bio-Energy Resources with approximately $5,000,000 in net assets and less then $125,000.00 in liability. There will be additional updates on Integrated from its president Mr. Scott Wagman.

The Affiliates

The Chilmark Entertainment Group's present affiliate-partners are Chilmark Media Ltd, Chilmark Artist Development LLC, and Chilmark Music LLC, and Video B Gone, LLC. Chilmark Entertainment Group, Inc. holds or has an equity stake of a minimum of fifty percent (50%) in each affiliate. These affiliate companies are variously engaged in distributing mobile entertainment product, record production and sales, music publishing, blocking digital piracy, talent management, consulting, marketing and concert production. The Company's business model provides an ideal working environment for the present entrepreneur-affiliates. The affiliate's time, energy and creative skills can be focused on their projects and not on financing or other administrative matters.

Safe Harbor Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

Company Contact
Tom Dean
310-910-6597

First Call Analyst:
FCMN Contact:

Source: Chilmark Entertainment Group, Inc.

CONTACT: Tom Dean of Chilmark Entertainment Group, Inc.,
+1-310-910-6597

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

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