SOURCE: Ise Blu Equity Corp.

November 08, 2007 10:06 ET

Ise Blu Equity Corp. Subsidiary L.G.N. Entertainment Distribution Inks Licensing Deal With Select-O-Hits

ORLANDO, FL--(Marketwire - November 8, 2007) - Ise Blu Equity Corp. (PINKSHEETS: ISBL) subsidiary, L.G.N. Entertainment Distribution, Inc., an independent distributor of music, video, movies and DVDs, announced today that it has inked a licensing deal with Select-O-Hits for licensing rights to distribute L.G.N. Entertainment's Reggae and Latin catalogs.

The deal reflects an effort by L.G.N. Entertainment to supply Select-O-Hits with product to create a three-CD and DVD box set to be distributed to various retailers such as Wal-Mart, K-mart and Best Buy, just to name a few of 300 independent vendors they distribute to.

"We are extremely excited to sign this licensing deal with Select-O-Hits to distribute a three-CD and DVD box set to the general market place. We believe that our distribution partner Select-O-Hits is a great fit for L.G.N. Entertainment Distribution and that this will be the first of many agreements," stated Lisa Sam, President and CEO of LGN Entertainment.

"Our revenue and profit projections are strong for this project and we will continue to search for additional catalogs and licensing opportunities," stated Steve Lane, President of ISBL. "The titles included on these compilations have sold more than 2.5 million copies in their recent releases," he continued.

Select-O-Hits, founded in 1960 by Tom Phillips and Sam Phillips (the founder of Sun Records), has regional sales offices and staff in Memphis, Atlanta, Nashville, Philadelphia, New York, Los Angeles, Chicago, Miami and Seattle. Its history and sales network should provide the massive exposure this project and our other artists need to succeed.

From the Board of Directors of ISBL:

"After the press release of the Loren Marketing deal yesterday the market reaction was what we expected. But be assured that ISBL will not stop their aggressive manner with regard to acquisitions, joint ventures and strategic partnerships because a deal wasn't completed. We are committed to our shareholders and will continue with our pursuit to grow and develop and execute the business plan and will not stop because of yesterday's result."

"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: the statements contained in this release that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."

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