Eline Entertainment Group Inc.

August 17, 2010 09:30 ET

Eline Entertainment Group Inc. (EEGI) Targets a USA Merger Candidate

MIAMI, FLORIDA--(Marketwire - Aug. 17, 2010) - Eline Entertainment Group Inc. (PINK SHEETS:EEGI)(http://elineentertainment.com/) is pleased to announce its intentions to acquire a Delaware-based luxury transportation company with a basis of operations in Florida.

Since its inception in 1996, this company has provided the premier "party on wheels" experience, servicing bachelor/bachelorette parties, corporate outings, charter trips, etc. Pre-reserved trips run about five hours, stopping at various local nightclubs and hot spots. The vehicles in the fleet boast such features as lighted bars with bartender, audio/visual equipment, dance poles, restrooms and state-of-the-art lighting effects for an "in the club" feel.

EEGI believes that this company will add to the overall bottom line while expanding operational goals. Negotiations are currently in the final stages and an agreement contract is expected to be finalized shortly.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Eline Entertainment Group, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Eline Entertainment Group, Inc. cautions you that any forward-looking information provided by or on behalf of Eline Entertainment Group, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Eline Entertainment Group, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Eline Entertainment Group, Inc.'s control. In addition to those discussed in Eline Entertainment Group, Inc.'s press releases, public filings, and statements by Eline Entertainment Group, Inc.'s management, including, but not limited to, Eline Entertainment Group, Inc.'s estimate of the sufficiency of its existing capital resources, Eline Entertainment Group, Inc.'s ability to raise additional capital to fund future operations, Eline Entertainment Group, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Eline Entertainment Group, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Eline Entertainment Group, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.


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Source: Eline Entertainment Group, Inc.

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