SOURCE: Grand Entertainment & Music Inc.

March 02, 2006 10:30 ET

Grand Entertainment & Music, Inc. Announces Signing of Exclusive Three Year Catalogue Agreement With Bis Music

MONTREAL -- (MARKET WIRE) -- March 2, 2006 -- Grand Entertainment & Music Inc. (OTC: GMSC) announced today that the company, through its affiliation with Mango Music World, has entered into an exclusive three year agreement with Bis Music.

This agreement guarantees Mango Music World three music compilation projects per year during the next three years. The first of these compilations is slated to be a CD compilation of the "Best of Cuban Reggaeton" and is due to be released within the next ten weeks. This compilation will contain music from Bis Music's extensive song catalogue including recordings from international artists such as HEL, EDDY K, and PERSELECTION and many others with a special feature by QBANITO. Grand Entertainment & Music, Inc. plans to distribute these releases throughout North America. The company is currently working with distributors to develop a marketing campaign which includes radio, print media and a variety of television advertisements.

Grand Music & Entertainment signed an exclusive agreement with Mango World Music in August 2005 which granted the company full administrative rights over the entire current Mango music catalogue, as well as rights to all their future signed artists, catalogues and touring.

Fred Berlin, President and CEO, stated, "Signing this agreement with Bis Music Inc. is a substantial accomplishment for Mango Music World and Grand Entertainment & Music, Inc. This is the first catalogue signed since we formed an affiliation with Mango Music World, and it is a major step to developing in-roads to acquiring other successful catalogues. I have been involved in the music industry for over 25 years and this is one of the most extensive, respected, and marketable catalogues I have ever personally signed." Berlin went on to say, "Many tireless hours, expense and travel have gone into this alliance, and I am happy to be announcing to our shareholders that we will soon be reaping the rewards from all of our hard work and patience."

About Mango Music World

Mango Music is a Canadian-based music company that holds the publishing and distribution rights to an impressive list of Cuban and Latin American and World music acts including Orquesta Charanga de Oro (with former members of Buenavista Social Club, Afrocuban All Stars, Orquesta Arragon and Orquesta Sinfonica Nacional), Orquesta Sensaction, and Orquesta Clave y Guaguanco. The company is also in final stages of negotiations to obtain additional catalogues with thousands of titles. Mango music currently markets its catalogue throughout the world including Canada, the United States, Mexico, and Europe.

About Grand Entertainment & Music, Inc.

Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.

Safe Harbor Statement

This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

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