SOURCE: Entertainment Capital Corporation

April 20, 2006 10:19 ET

Entertainment Capital Corporation Announces Formation of Music Publishing Company and Record Label, Roma Music Group, Inc.

LOS ANGELES, CA -- (MARKET WIRE) -- April 20, 2006 -- Entertainment Capital Corporation, whose focus is to invest in companies engaged in various aspects of the entertainment industry, today announced the formation of a new wholly owned portfolio investment company, Roma Music Group, Inc.

Roma Music Group, a privately held Nevada corporation, is comprised of two divisions: a music publishing arm that owns and administrates copyrights to music for film properties and a record label that produces and distributes soundtracks and new recording artists.

"The formation of Roma Music Group and its addition to the Entertainment Capital Corporation investment portfolio demonstrates our intention to operate as a diversified entertainment industry fund," said John Bailey, chief executive officer of Entertainment Capital Corporation. "As we provide the necessary resources and support for our existing portfolio investments to successfully execute their business strategies, we will also continue to seek new investments in a broad range of entertainment industry segments, each of which will have the potential to return significant long-term value for ECC shareholders."

Roma Music Group is expected to explore opportunities to work with Entertainment Capital Corporation's first portfolio investment, FilmMates Entertainment, Inc., which recently appointed Richard Glasser, music supervisor for Academy Award® Best Picture winner Crash, its Advisory Board. Mr. Glasser will serve as music supervisor to films financed by FilmMates Entertainment, as well as administering the music rights for FilmMates Entertainment film library, with the goal of maximizing the revenue potential of the music rights for FilmMates film properties.

"While each of the portfolio companies will be added for its ability to successfully grow, build revenues and provide return to Entertainment Capital Corporation and its shareholders, there are a number of potential synergies that may allow ECC portfolio companies to work together and to not only provide significantly increased value for each individual company, but to also expand the value of our entire investment portfolio. FilmMates Entertainment and Roma Music Group clearly possess such synergies through movie soundtracks and similar ventures related to the existing FilmMates Entertainment library and future film property acquisitions," added Mr. Bailey.

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About Entertainment Capital Corporation

Entertainment Capital Corporation, a business development company pursuant to the Investment Company Act of 1940, was formed to build a portfolio of investments in the entertainment industry, including companies engaged in movies, music, home video, television and related projects. Its first portfolio investment, FilmMates Entertainment, Inc., which recently entered into a multi-year home video distribution agreement with Vivendi Visual Entertainment (VVE), a division of Universal Music & Video Distribution, is a global motion picture financing, production and distribution company that acquires content for theatrical, television, home entertainment and portable digital markets. The company has subsequently acquired a 100% interest in Roma Music Publishing, a privately held Nevada corporation, which is comprised of two divisions, a music publishing arm that owns and administrates copyrights to music for film properties and a record label that produces and distributes soundtracks and new recording artists.

Contact Information

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    Gemini Financial Communications for Entertainment Capital Corporation
    A. Beyer
    951-587-8072
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