SOURCE: Fredericks Entertainment, Inc.

December 05, 2007 10:01 ET

Fredericks Entertainment Announces Strategic Relationship With Puerto Roc Records

AVENTURA, FL--(Marketwire - December 5, 2007) - Fredericks Entertainment Inc. (PINKSHEETS: FDKE) recently announced the signing of its newest record label, Puerto Roc Records. Puerto Roc Records is an established label with a multitude of experience that hosts many award-winning musicians. "We are very excited to be working with Puerto Roc Records and their ability to raise the bar of quality for Fredericks' artists, music and notoriety in the industry," stated Alex Aksert, President of Fredericks Entertainment. "The music industry is a forty to forty eight billion dollar a year industry with private labels resulting in approximately thirty percent of that. That is roughly twelve to sixteen billion dollars in our sector of the marketplace that we are going after."

Executive producer Jonathon Padilla of Puerto Roc Records is bringing in rising hip-hop star, E. Grizzly, fresh off the set of MTV2's Sucker Freestyle gig. E. Grizzly boasts awards such as the winner of the 2006 Independent Rap Artist of the Year at the L.A. Music Awards and nominee for the Best Breakthrough Album of the Year for an Independent Artist.

Fredericks will also host other Puerto Roc notable artists such as Jarae Womack, a Miami native focusing his musical talents and passions on R&B, hip-hop and Gospel. Puerto Roc Records will launch the Fredericks repertoire of local artists into the music industry while maintaining the Fredericks Entertainment emphasis.

Fredericks Entertainment Inc. (PINKSHEETS: FDKE) is a Miami-based company involved primarily in independent record, film, production and management. More info can be found at the company's web site

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

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