SOURCE: Grand Entertainment & Music, Inc.

April 04, 2007 07:00 ET

Grand Entertainment & Music, Inc. Offers Update on "Canvas"

MONTREAL -- (MARKET WIRE) -- April 4, 2007 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) offers an update on the continued success of Joseph Greco's independent film "Canvas."

Qbanito's tribute to the late Celia Cruz, "Homenaje a Celia Cruz," was recently featured in "Canvas," and will be included in the upcoming movie soundtrack. The film premiered last October at the Hamptons International Film Festival, where it was a "Spotlight Film" selection. The movie went on to win awards for Best Film, Best Actor and Outstanding Actor (Joe Pantoliano), and the Director's Choice Award for Best Feature Film at other film festivals around the country. Later this month, the movie will be screened by New York Film Critics and will be featured at the 16th Annual Rondeau Lecture (National Alliance on Mental Illness). In the meantime, "Canvas" continues to receive rave reviews from The Hollywood Reporter, Variety, and other major trade publications.

"The success of 'Canvas' can only mean good things for Qbanito," stated Raul Cuza, Qbanito's manager. "This movie is about to receive major U.S. and international attention, which means Qbanito's song will be heard by a lot of people around the world. No amount of money could buy that kind of publicity for an artist. We are very pleased and excited that we were afforded the opportunity to be a part of this amazing film, and we look forward to its continued success."

About Grand Entertainment & Music, Inc.

Based in Montreal, Canada and incorporated in November 1998, the Company is an independent music entity that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studio, Cherry Studios, has produced voice-overs and sound tracks for commercials and film. In addition, Cherry Studios has also produced thousands of recordings and has to its credit a total of 23 gold and platinum albums. GEM has recently found success in the reggaeton market with its signature artist, Qbanito. Qbanito's debut album has already generated a #1 hit in Canada and is currently being marketed by Universal Music in Europe. Grand Entertainment also controls exclusive rights to vast catalogues of previously unreleased recordings from Cuban music archives. In November 2006, Grand Entertainment acquired half of Lost City Records, adding a half dozen award-winning artists, including rising rap star Big Lou, and a 500+ song catalogue to Grand's existing assets. In addition, the company will continue to focus on growth through acquisitions over the next twelve months in an effort to reach its mission of becoming a premier production, recording, publishing, and internet distribution company.

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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