SOURCE: Exit Only, Inc.

March 03, 2010 08:23 ET

Exit Only, Inc. Launches Media & Entertainment Subsidiary

FORT WAYNE, IN--(Marketwire - March 3, 2010) -  Exit Only, Inc. (PINKSHEETS: EXTO) (the "Company") announced today that it has launched its planned Media & Entertainment Subsidiary in order to pursue acquisitions in that sector. Currently, the Company is in negotiations to acquire an entertainment venue located in Fort Wayne, Indiana. This prospective acquisition is part of the strategy to increase revenue and utilize economies of scale in the management of both this operation and the Company's real estate operations. H.S. Liddell, Chairman and Todd Smith, President have a combined fifty plus years of experience in all facets of the entertainment and hospitality industry.

Summit City Grand Resort & Casino Holdings Corporation ("Summit City"), a hotel and real estate developer headquartered in Fort Wayne, Indiana, a wholly owned subsidiary of the Company, also has commenced discussions regarding two large scale hotel, entertainment and mixed use developments with one located in Indiana and one in Illinois. 

H.S. Liddell proclaimed, "We are very excited about the new developments for our Company. In a very short period of time, we have begun to execute on our business strategy. Our management team is focused on achieving the goals for the Company on an accelerated timetable in order to increase revenue and shareholder value."

About Summit City: Summit City Grand Resort and Casino Holdings Corporation specializes in the development and management of hotel, resort and entertainment properties. Management of Summit City currently own and operate several entertainment venues in the greater Fort Wayne metropolitan area. Furthermore, management possesses significant experience in all phases of the hospitality industry and in the development of large scale real estate and construction projects. Summit City's hotel and resort in Puerto Plata, Dominican Republic combines hotel rooms and apartment suites and full range of resort amenities within close proximity to the beach, attractions and casinos. 

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from prior periods, and those projected in forward-looking statements.

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    Exit Only, Inc.
    Investor Relations:
    Les Barber