SOURCE: Hollywood Studios International

August 22, 2006 09:30 ET

Hollywood Studios International Forms Alliance With Great Road Capital

BEVERLY HILLS, CA -- (MARKET WIRE) -- August 22, 2006 -- (PINKSHEETS: HYWS) -- Hollywood Studios International CEO Steven Saxton announced today that the Company has added Great Road Capital to the strategic business planning team. Great Road Capital CEO Chuck Bush will work with Saxton to develop the Company's relationships with institutional financing throughout the Gulf Coast Countries.

About Chuck Bush

Chuck Bush is Founder and CEO of Great Road Capital, Inc. (GRC), a Los Angeles-based financial and strategic advisory firm specializing in media, entertainment, and technology companies. Through GRC, Mr. Bush advises clients on strategy, finance, capital raising, corporate structuring, and film distribution. Prior to forming GRC, Mr. Bush was Senior Vice President of Finance and Business Development at Union Patriot Capital, Inc. and Patriot Pictures, LLC, a group of film financing and production companies. At Patriot, he helped raise capital from private investors and closed bank financing and distribution deals for individual films.

Before joining Patriot, Mr. Bush was an Assistant Vice President in JPMorgan's Entertainment Industries Group in Los Angeles. While at JPMorgan, Mr. Bush helped finance some of the most influential companies in the entertainment business including major studios and emerging production companies. Mr. Bush has extensive experience working on a wide array of corporate finance deals, including structured finance, IPO, M&A, and high yield transactions. Mr. Bush began his career as a consultant at Monitor Company, where he worked with Fortune 100 clients to identify strategic partners, launch new products, value potential M&A targets, and execute LBO transactions.

Mr. Bush received an AB in Economics from Harvard University and an MBA in Finance from the Wharton School at the University of Pennsylvania.

About Hollywood Studios International

Hollywood Studios International (PINKSHEETS: HYWS) (www.hsifilms.com / www.artistint.com), a publicly traded entertainment holding company, exists to create award-winning entertainment which succeeds both artistically and commercially through the inherent synergies of combining elements of a traditional studio system with the structure of artist management. Current subsidiaries and divisions include Artist International Management, Doc Hollywood Kidz, Doc Hollywood Records, and Bop City Records. The Company recently signed a letter of intent to acquire controlling interest in a feature film production/international distribution company currently with $100 million in annual productions. Due to a non-disclosure agreement, the Company cannot publicly disclose any further information regarding this transaction.

Forward-Looking Statements:

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Hollywood Studios International believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by the Company or any other person that the objective and plans of the Company will be achieved.

Contact Information