SOURCE: Grand Entertainment & Music, Inc.

March 21, 2007 07:00 ET

Grand Entertainment & Music, Inc. Offers Update on Qbanito Developments

MONTREAL -- (MARKET WIRE) -- March 21, 2007 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) is pleased to offer an update on current and upcoming Qbanito projects.

Last week, Qbanito put the finishing touches on his much-anticipated, follow-up French album "Mauvaisse Accent." The completed album will be sent to Tox Records for final review before a distribution date is set. As of today, Grand is looking forward to a mid-May release date for the album.

Qbanito's first album "Partir" continues to do well on the airwaves and throughout the Francaphone Market. Qbanito's manager has been in talks with TAPSIT, a major international touring and booking agency based in France. TAPSIT is best known for its annual music festival in Africa, Festival au Désert. They also manage such groups as Tinariwen and Lo'Jo. Grand Entertainment and TAPSIT are currently putting together a marketing strategy and promotional concert tour for Qbanito this summer.

"Adivina Quien Llegó," Qbanito's Spanish album, is starting to take off in the United States. Downloads and internet sales have been growing steadily since the beginning of the year and are largely responsible for the momentum that is currently building. Internet marketing, coupled with last year's movie soundtrack debut, has been instrumental in helping to create the current stir. Late last week, Qbanito's manager, Raul Cuza, was contacted by Pati Manrique Vargas, co-founder of Orun Entertainment, in Miami, Florida. Orun has expressed an interest in a marketing and distribution deal for Qbanito. Talks are in the preliminary stages, and more details should be forthcoming.

"There has always been a tremendous amount of excitement surrounding Qbanito, but never before to the level that exists today," stated manager Raul Cuza. "Our schedule has been jam packed with media interview after media interview as we promote upcoming shows and the highly anticipated new album. Our expectations couldn't be higher for Qbanito's follow-up French CD. Doors are flying open for the young artist in both the U.S. and European markets as we continue to feed off of our success in Canada. We are greatly looking forward to touring Europe to promote 'Partir' overseas. I am confident that 2007 will be a monumental year for Qbanito."

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 soundtracks 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.

Contact Information