SOURCE: Camelot Entertainment Group, Inc.

August 05, 2009 12:12 ET

Camelot to Unveil Camelot International Pictures

New Division Will Concentrate on Commercial, Micro-Budget Pictures

IRVINE, CA--(Marketwire - August 5, 2009) - Camelot Entertainment Group, Inc. (OTCBB: CMGR) ("Camelot") announced today that it is establishing Camelot International Pictures, a new division which will concentrate on the production of commercial, micro-budget feature films. The films will be distributed through the company's Camelot Distribution Group. The new division joins Camelot's other two filmmaking entities, Camelot Films® and Camelot Features, as part of the company's Camelot Film Group subsidiary.

With Camelot Films® focusing on implementing its multiple picture slates and Camelot Features prepping larger budget films, Camelot International Pictures will be working with a new crop of young producers and directors who are becoming very adept at producing cost efficient, commercial product designed to meet the specific needs of both domestic and international niche markets. Because these films typically have a limited production cycle when compared to the longer term production cycles of both Camelot Films® and Camelot Features, the company expects Camelot International Pictures to accelerate revenue generation in its film group division.

Camelot will begin the search for an experienced executive to head up Camelot International Pictures immediately.

About Camelot Entertainment Group, Inc.: Camelot Entertainment Group, Inc. is a US publicly traded company (symbol "CMGR") with three major divisions: Camelot Film Group, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. For information about Camelot Entertainment Group, Inc., please visit the Company's web site at www.camelotfilms.com.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission Reports and Filings.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

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