SOURCE: Fuego Entertainment, Inc.

January 11, 2008 10:46 ET

Fuego Entertainment Announces Acquisition of Jimi Hendrix Live Performance Music Library

MIAMI, FL--(Marketwire - January 11, 2008) - Fuego Entertainment, Inc. (OTCBB: FUGO) today announced it has acquired North American rights to over 200 live performance live music tracks by legendary performer Jimi Hendrix. As part of the previously announced deal with Mr. Jeffery Collins and the formation of the joint venture with Echo-Fuego, Fuego Entertainment has acquired the rights to eleven double albums of live performances by Jimi Hendirx. Album titles acquired under this deal include previously released and never released live performance titles including "Rainbow Bridge Concert," "Axis Outtakes," "Stockholm Concert," "No More A Rollin Stone (Live at the Monterey Pop Festival 67) & Live in Stockholm 67)," "Are You Experienced And More," "Am I Blue," "An Evening With The Jimi Hendrix Experience," "Winterland Nights," "Truth And Emotion," "Axis Bolder Than Love" and "Electric Ladyland & Beyond."

Individual music tracks and a complete album are available for immediate download and purchase of physical CD's at the Fuego Entertainment web site. Release dates for the other ten double CD albums will be announced in the future.

Fuego Entertainment, Inc. is engaged in the production, acquisition, marketing, sales, and distribution of entertainment products such as short films, documentaries, television shows, music, and tour productions. Also, through its subsidiaries, the Company provides management and development of television stations, recorded music, and music publishing services worldwide. The music operations include discovery, production, development, and distribution of recorded music. The Company also markets its music catalog through compilations and re-issues of previously released music and video titles, as well as licenses tracks to and from other producers and record labels for various use, including film, documentaries, short films and television soundtracks. For more information, please visit Fuego Entertainment at www.fuegoentertainment.net

This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.Those statements include statements regarding the intent, belief or current expectations of Fuego Entertainment, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

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