Camelot Featured in Film Industry Story

Camelot Featured in Film Industry Story

Workforce Development, Full-Time Employment and Financial Transparency Highlighted

ALISO VIEJO, Calif., Nov. 21 /PRNewswire-FirstCall/ -- Camelot Entertainment Group, Inc. (BULLETIN BOARD: CMLT) ("Camelot") announced today that it has been featured in a NEWS USA feature on the movie industry. In the article, titled "Film Industry Struggles to Hold Steady on Shaky Ground", reprinted below, Camelot provides a quick glimpse into its strategy of providing workforce development, full-time employment and financial transparency.

"(NU) -- Most associate the movie industry with red carpets and multi-million dollar paychecks. But in reality, few industry workers see large paychecks or even have full time employment. Major and independent studios know that they will lose money on 80 percent of the films produced.

According to the MPAA, in 2007, the average studio movie cost $106.7 million dollars to produce and distribute, the average studio-related independent movie $74.9 million. As a result, films must generate astronomically high revenues just to break even. Major studios rely on the "Tent Pole System", where the profits from one or two hits hopefully pay for all the losses. The result is even with worldwide revenues exceeding $50 billion dollars, investors lose billions of dollars, studios teeter on the brink, independents fail at an alarming rate and survivors struggle to cover their operating budgets.

Despite the amount of money being generated and spent, those making the movies bear the brunt of the studio's faulty financial structure. For the majority of those working on films, full time employment does not exist. A crew member typically works on one film, and then becomes unemployed while searching for another job. With the increasing globalization of the film industry, runaway production and tough economic times, even for an industry normally considered recession proof, rampant unemployment is the norm, affecting not only Hollywood, but also the economy at large.

Now, some companies are looking to revolutionize the studio structure. One of those companies, Camelot Entertainment Group, incorporates the best of the old studio system with the technology and opportunity of the 21st century.

"We can provide workforce development, full-time employment and financial transparency while delivering profitable films," says company chairman Robert Atwell. "We can create opportunities where the creative teams can unleash their talent while providing a platform for sustained economic growth. We just need to use the opportunities and tools available to change the way movies are put together, which will set the stage for Hollywood to become the dream factory for all involved, not just for the few at the top."

About Camelot Entertainment Group, Inc.: Camelot Entertainment Group, Inc. is a US publicly traded company (symbol "CMLT") with three major divisions: Camelot Film Group, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Creating a world where filmmaking dreams come true, Camelot integrates early studio models, education, new technologies and fiscal responsibility to acquire, develop, finance, produce, market and distribute high quality commercial motion pictures, television and digital media. For general information about Camelot Entertainment Group, Inc., please visit the Company's web site at http://www.camelotfilms.com/.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission Reports and Filings.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Source: Camelot Entertainment Group, Inc.

CONTACT: Camelot Entertainment Group Investor Relations,
+1-949-334-2950, Investors@camelotfilms.com

Web Site: http://www.camelotfilms.com/

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