SOURCE: Film and Music Entertainment, Inc.

May 22, 2006 20:20 ET

Film and Music Entertainment and Mo-DV Announce Strategic Alliance

HOLLYWOOD, CA -- (MARKET WIRE) -- May 22, 2006 -- Film and Music Entertainment, Inc. (PINKSHEETS: FLME), and Mo-DV announced today they have formed a strategic alliance for the delivery of "Filmed Entertainment" to mobile devices via 'S' cards.

Lawrence Lotman, VP Finance of Film and Music Entertainment announced that Industry Insiders will be able to take a sneak peak at the fusion of technology and entertainment during the Cannes Film Festival where John Daly, CEO & Chairman of Film and Music Entertainment, Inc. will be showcasing his latest works on the easy to use 'S' cards.

Promotional trailers of "Played," starring Val Kilmer, Gabriel Byrne and Vinnie Jones & "The Aryan Couple," starring Martin Landau; will be available to buyers through Storm Entertainment at the Hotel Majestic, Suite 107.

President and CEO of Mo-DV, Jessica Fullmer said, "We are overjoyed to preview our product to the entertainment industry in conjunction with the industry legend John Daly. We look forward to his ongoing advice and guidance in maximizing Mo-DV's potential as an entertainment delivery mechanism." Mr. Lotman stated, "Mo-DV's mobile digital video is the first multiplatform delivery device that has resolved the digital rights issue. We look forward to being the first adopter of a technology we anticipate the rest of the industry will rapidly implement. The combination of John Daly and cutting edge technology is an unbeatable combination."

Film and Music Entertainment is a publicly traded independent entertainment production and distribution company, which produces high quality, theatrical feature films for worldwide distribution.

Mo-DV is a private Campbell, CA based technology company whose products principally support video on cell phones and pda's through a patent pending player-on-card process. Mobile video is an area where smart phones with card slots already number at over a hundred million and will soon reach over one billion. The company is just now emerging from a design and development phase into a production orientation. The company has five patents pending, with issue on its first filings expected this year.

Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect," and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. There can be no assurance that the Company will be able to market, sell or deliver successfully its services inside or outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, longer payment cycles, and fluctuations in currency exchange rates, any of which could adversely affect the Company's operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future operations and consequently, on the Company's business, results of operations, and financial condition.

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