Lightworks Producing Group Announces Acquisition of KPI

Lightworks Producing Group Announces Acquisition of KPI

- Lightworks Enterprises Strengthens Producing Arm Through Acquisition of Emmy-Award Winning Production Company -

NEW YORK, May 21 /PRNewswire/ -- Lightworks Producing Group (LPG), a multi-faceted television production company and unit of vertically integrated Lightworks Enterprises, Inc., today announced the acquisition of Kralyevich Productions, Inc. (KPI), an Emmy Award-winning producer of non-fiction and fiction series and marquee specials for broadcasters such as A&E, the National Geographic Channel, the History Channel, the Smithsonian Channel, Court TV, the Discovery Channel, and Bravo, among others. Under the new structure, KPI will be a unit of LPG.

In 2006, New York City-based KPI received two Emmys for its special, "Rome: Engineering an Empire," which marked the first primetime Emmys ever awarded to the History Channel. KPI's recent programming includes such well recognized titles as "Megastructures" (National Geographic Channel); "Xtreme Homes" (HGTV); Sea Battles (The Military Channel); and the "Engineering an Empire" series (History Channel).

"KPI is among the best in the business" said Jeffrey C. Weber, President, Lightworks Producing Group. "We are privileged and delighted to welcome them to the Lightworks family. We especially look forward to a rich collaboration with innovative industry veteran Vincent Kralyevich and creative team heads Bill Hunt and Kristy Sabat to produce high volume, high-caliber programs."

"This is a significant addition to Lightworks Enterprises, and marks our further expansion of the award-winning production capabilities of LPG," said David Dreilinger, President and CEO, Lightworks Enterprises Inc. "We look forward to leveraging our combined strengths and experience to develop superior product offerings. This is a tremendous opportunity to accelerate Lightworks Enterprises' ongoing efforts as a vertically-integrated business, and I know that John Cuddihy, Managing Director of Lightworks Program Distribution, is looking forward to exploiting the properties that this new structure will create."

"KPI is pleased to join Lightworks Producing Group, a highly respected company in the television industry and a natural fit for KPI. During the past few years we've create hundreds of episodes of programming. And while we were racing around the world doing this, our key management realized we needed to take the company to the next level so we can focus what we do best-which is create programming," said Vincent Kralyevich, President, KPI. "As part of Lightworks, KPI will continue to do what it does so well: produce quality, award-winning programs while benefiting from their talented roster of professionals to augment our nationally recognized production activities."

About Lightworks Producing Group

Lightworks Producing Group (LPG) is a multi-faceted television production company with passion, expertise and a reputation for excellence. LPG produces a full range of non-fiction entertainment including the daily series "New Morning," airing weekdays on the Hallmark Channel, and the weekly series "Naomi's New Morning," hosted by Naomi Judd. Current projects in development include "Ecorazzi.tv," a weekly television series dedicated to rounding up the best "green" celebrity gossip on celebrities, and "Stories Behind the Best- Loved Songs of Christmas," a prime-time holiday special. With 2 Emmy nominations in the last two years, Lightworks will deliver 135 hours of network programming in 2007

About Lightworks Enterprises, Inc.

Lightworks Enterprises Inc. (LEI) is a vertically integrated television production, distribution and new media company. LEI produces and distributes a wide array of programs that satisfy the needs of viewers and broadcasters. Its bold programs deal with issues such as social justice and the challenges of today's world. LEI provides distribution through traditional and new media platforms, including video on demand, streaming, and cell phone technology. Lightworks New Media, based in Lexington, KY, provides innovative internet platform development for both the non-profit and commercial markets.

Source: Lightworks Producing Group

CONTACT: Christine Luzano of Lightworks Producing Group,
+1-212-485-8521, or cluzano@lightworksdistribution.com

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