January 10th, 2008Fuego Entertainment Announces Joint Venture, Echo-Fuego, With …
MIAMI, FL, Jan 09, 2008 (MARKET WIRE via COMTEX) — Fuego Entertainment, Inc. (OTCBB: FUGO) today announced it hasformed a new music division, Echo-Fuego Music, in a joint venturewith legendary music producer and promoter Jeffrey Collins. His musiccatalog of more than 2,000 tracks and 15 artists previously under theEcho-Vista label will be merged into the new joint venture, with amajority stake owned by Fuego Entertainment. Mr. Collins will managethe joint venture which plans to release at least two albums permonth over the next five years featuring artists such as KRS-One, Father MC, Ahmir, Marcus Allen, Eriq J’Mar, Don Connor, NoXcuse, RamSquad, Euricka, Papa San, Jeff Maddox, DJ No-Rap, Culture, MeekieRenee, C.W., World Carnival, Colonel Abrams, La Velle and TheL.C.D.’s. The joint venture Echo-Fuego is actively seeking to signexciting new artists under the new label.
Mr. Jeffrey Collins has spent nearly 40 years in the music businessand brings a wealth of knowledge and contacts and an alreadyestablished infrastructure within the industry. Hailing from London,England where he built a chain of retail record stores and awholesale distribution company in the 1970s & early 80s at that timehe also began producing and signing recording artists and developedhis first record company. He helped music moguls Richard Branson ofVirgin Records and Chris Blackwell of Island Records launch theirmulti-million dollar music labels. He has extensive experience inProduction, A&R, Wholesale and Retail and has been successful in thegenres of Rock, Pop, Disco, Reggae, R&B, Jazz, Dance and Hip Hop.
“This joint venture with Fuego Entertainment is a wonderfulopportunity for Echo-Vista to be able to release, promote andshowcase the many talented Artists that we have had the pleasure ofworking with over the years. Fusing all of the contacts of both ourcompanies makes for an exciting and winning combination,” quotesJeffrey Collins
“As our Latin Music Label FEMI continues to grow and continues itscourse to become a leader in the industry, we thought the time wasright to cross over into the Hip Hop R&B market. We have acquired avaluable music catalog and in the process created a diverse libraryof content that will propel our company into new grounds. I’m honoredto have Mr. Collins at the helm of our new music division, hiscontribution and leadership will be of great value to the overallsuccess of our company,” stated Hugo Cancio, President & CEO of FuegoEntertainment.
Echo-Fuego Music Catalog will be distributed in North America by KochEntertainment Distributor, one of the leading distributors of musicand entertainment content in the world. The first album, to bereleased under the new Echo-Fuego music division will be by legendaryartist KRS-One in January 2008. The CD is a collection of recentKRS-One recordings chosen to show a complete range of subject matters.
Financial details for this deal were not disclosed.
Fuego Entertainment, Inc. is engaged in the production, acquisition,marketing, sales, and distribution of entertainment products such asshort films, documentaries, television shows, music, and tourproductions. Also, through its subsidiaries, the Company providesmanagement and development of television stations, recorded music,and music publishing services worldwide. The music operations includediscovery, production, development, and distribution of recordedmusic. The Company also markets its music catalog throughcompilations and re-issues of previously released music and videotitles, as well as licenses tracks to and from other producers andrecord labels for various use, including film, documentaries, shortfilms and television soundtracks. For more information, please visitFuego Entertainment at www.fuegoentertainment.net
This press release contains statements, which may constituteforward-looking statements within the meaning of the Securities Actof 1933 and the Securities Exchange Act of 1934, as amended by thePrivate Securities Litigation Reform Act of 1995.Those statementsinclude statements regarding the intent, belief or currentexpectations of Fuego Entertainment, Inc., members of theirmanagement, and assumptions on which such statements are based.Prospective investors are cautioned that any such forward-lookingstatements are not guarantees of future performance and involve risksand uncertainties, and that actual results may differ materially fromthose contemplated by such forward-looking statements.
Contact:Fuego Entertainment, Inc.Dan YorkInvestor Relations214 675-2531ir@fuegoentertainment.net
SOURCE: Fuego Entertainment, Inc.
mailto:ir@fuegoentertainment.net
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