SOURCE: Grand Entertainment & Music Inc.

August 03, 2006 10:20 ET

Grand Entertainment & Music, Inc. Announces Major Upcoming Marketing Campaign With Universal Music and M6

MONTREAL -- (MARKET WIRE) -- August 3, 2006 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) announces that it is finalizing a major marketing campaign throughout Francophone Europe for the Qbanito debut album, "Partir."

Qbanito has already achieved significant success with this album in both the Francophone European and Canadian markets. The French version of this album has already spun the hit single "Maria" which reached #1 throughout Francophone Canada and made significant inroads in the larger markets of France and Belgium. The album itself is on its way to Gold certification in Francophone Canada where it is currently ranked as the 85th best selling album overall in all music genres. This ranking is improving every week and the album has moved up 16 spots since July 15th 2006.

Grand Entertainment was informed last week that Universal AZ France was joining forces with M6 to provide a full "commercialization" strategy throughout Francophone Europe for Qbanito and the "Partir" album. M6 is the most powerful music network in the French European markets, and it currently owns and operates six specialist channels aimed at young viewers, with one of their outlets recently setting a historic record with 4,350,000 viewers daily.

Fred Berlin, President, stated, "This is a huge opportunity for Grand Entertainment and Qbanito. First, for a new artist to have signed a licensing agreement with such a powerhouse as Universal AZ Music France is a rarity in the music world today. This, coupled with the fact that Universal AZ is now using their influence to bring in the powerful M6, should be taken as a sign that industry leaders realize that Qbanito is a hot commodity. We also feel that having such a huge marketing program including television, radio, and concert promotion in place in the Francophone European markets will greatly increase album sales in this area." Berlin went on to say, "As I have stated before, I feel that Grand Entertainment is on the brink of turning the corner business wise in regards to revenues and profits. Right now, the level of activity is increasing like never before. With these promotion plans in motion, Qbanito's North American tour, the release of the Spanish album in North America, and the completion of our Cuban compilation album series ("The Microphone Series"), the next few months are critical for the future of Grand Entertainment & Music, Inc. Unfortunately, we are still raising money to cover these additional promotional, production, and distribution costs, but we are certain that not only is this the necessary thing to do, it is absolutely the right time to do it."

About Grand Entertainment & Music, Inc.

Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.

About M6

Launched March 1, 1987, M6 has become one of the major broadcast networks in the French market. With a major commitment to strongly branded local production, M6 has successfully tapped the youth market to become the second most-watched channel in France among viewers under 50. With an average 13.9% household audience share and 19% among the 4-49 demographic in 1999, M6's young audience has made the network a success with advertisers. The group M6-Métropole Télévision oversees M6 as well as nine other channels (M6 Thématique) including three generalist channels (Paris Première aimed at professionals, Téva aimed at women, and TF6 aimed at young adults), and six specialist channels aimed at young people (W9, M6 Music Hits, M6 Music Rock, M6 Music Black, Fun TV, and Série Club). The M6 Thématique channels recently set a historic record with 4,350,000 viewers daily (Average accumulated over four years, according to the latest data from Médiacabsat). For more information, please visit www.m6.fr.

Safe Harbor Statement

This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music, (GEM) Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

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