SOURCE: Grand Entertainment & Music, Inc.

November 13, 2006 07:00 ET

Grand Entertainment & Music, Inc. Offers Update on Film Soundtrack Project

MONTREAL -- (MARKET WIRE) -- November 13, 2006 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) announces that the independent movie "Canvas" has been completed and the film made its Florida Premiere at the Fort Lauderdale International Film Festival yesterday.

On June 21, 2006, Grand Entertainment announced that Qbanito's song "Homenaje a Celia Cruz" would be featured in the LMG /Rebellion Pictures production "Canvas." We are pleased to say that the film's premiere at the Fort Lauderdale International Film Festival was a success. "Canvas," shot in Hollywood Beach, Florida, is a character-driven story of one family's struggle with mental illness. Written and directed by Joseph Greco, the film features an award-winning cast, including Emmy winner Joe Pantoliano, and Oscar winner Marcia Gay Harden. "Canvas" was a big hit this past week and is scheduled to appear at several upcoming film festivals. Pending its performance at those film festivals, Grand Entertainment may consider acquiring a percentage of the film for its already established film division.

President Fred Berlin stated, "Grand Entertainment is extremely excited about being a part of this project. Not only will this film bring added promotion for Qbanito, but it may open doors for other similar projects in the future. The timing couldn't be better. This film release came just a month after Qbanito's U.S. CD launch, and right as Qbanito's second video hit the airwaves. This kind of consistent publicity should really help with album sales."

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 addition to these assets, the company will 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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