SOURCE: Headliners Entertainment Group Inc.

March 17, 2006 09:00 ET

Headliners Continues to Expand; Launches the Latest Red Cheetah Dance Club

MONTCLAIR, NJ -- (MARKET WIRE) -- March 17, 2006 -- Headliners Entertainment Group (OTC BB: HLEG), an integrated entertainment management company which owns and operates Dance Clubs and Comedy Clubs, is pleased to announce the opening of a new Red Cheetah dance club in Montclair, N.J.

The latest Red Cheetah is located at 499 Bloomfield Ave. Montclair, New Jersey, in the same building where Headliners flagship Rascals Comedy Club is located. Major renovations were undertaken by Headliners management of the 5000 square foot space to create a truly spectacular dance club both in design and décor. The club caters to young professional and features both a sushi and martini bar on the lower level with a large dance floor with full bar facilities upstairs.

"Red Cheetah is a proven concept that will bring an upscale, high-energy vibe to New Jersey. We have created a premier venue here in Montclair, which is designed for sophisticated nighttime entertainment," said Ed Rodriguez, President and CEO of Headliners. He continued to say, "This is the first of many new and exiting initiatives by Headliners to expand our brands and grow our revenues."

The grand opening for the Red Cheetah Montclair was held Thursday March 09, 2006. The first weekend of operations was a huge success with over 2500 enthusiastic people through the doors to enjoy the new club.

Including this latest addition, Headliners owns and operates six dance clubs and three comedy venues and is aggressively perusing further growth opportunities. As expansion plans are executed during 2006, and additional sites are opened, it is anticipated that Headliners will substantially increase revenue and share holder value.

About Headliners Entertainment Group Inc.:

Headliners is an entertainment management company that owns and operates 3 Comedy Clubs and 6 Dance Clubs. Headliner's Entertainment owns a library of more than 200 hours of stand up comedy routines performed by today's top entertainers, and it has also starting taping a new Rascals Comedy Hour. Headliners has also entered into contracts with:

--  MSN Video Downloads;
--  TVNet wired and wireless digital video download service;
--  Windows Media;
--  XM Satellite Radio; XM Comedy;
--  SmartVideo Technologies, a mobile entertainment service provider
    that offers fully synched, full-motion audio and video programs
    to viewers with mobile electronic devices.
For all Headliners investor relations needs, investors are asked to visit the Headliners IR Hub at where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Forward-Looking Statements. This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as ''anticipate,'' ''believe,'' ''expect,'' ''future,'' ''intend,'' ''plan'' and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.

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