SOURCE: Motion Picture Hall of Fame

September 08, 2005 11:54 ET

Motion Picture Hall of Fame, Inc. Signs Management Contract

LAS VEGAS, NV -- (MARKET WIRE) -- September 8, 2005 -- The Motion Picture Hall of Fame, Inc.(OTC: MHFM) has entered into a long-term management agreement with Ripley Leisure Management of Orlando, Florida, for them to design, build, maintain and manage our themed attractions. Ripley's is quite experienced in the development and operation of themed entertainment tourist attractions. It owns and operates 51 museums and attractions in ten countries. Their attractions include: Ripley's Believe It or Not Museums, Guinness World Records Museums and Ripley's Aquariums.

The Motion Picture Hall of Fame is an institution dedicated to preservation and memory of the best of the best in the motion picture industry. It is also a permanent tribute to Hollywood's glory and its magical, timeless appeal to audiences around the globe. The Motion Picture Hall of Fame will serve as a standing memorial and a place to educate future generations; an icon dedicated to the heritage of this uniquely American art form. The Motion Picture Hall of Fame is currently assembling a blue-ribbon advisory committee of some of the most respected people in the motion picture industry.

Our management contract with Ripley's contemplates that our company shall either own or long-term lease the physical facilities in which the Motion Picture Hall of Fame themed attractions shall be built and maintained.

The first facility shall be located in Las Vegas, Nevada. Ripley's is helping us choose the location. We are discussing the financing of this approximately $9 million facility with investors and lenders. We are also discussing with investors the building of additional locations in Dubai, Bombay, India, and Shanghai, China. We anticipate that we can obtain debt financing from traditional and non-traditional banking sources for the building of the themed facilities. The Motion Picture Halls of Fame in Dubai, Bombay and Shanghai will feature the development of the motion picture industry in their respective countries but also present information with regard to the motion picture industry in the United States.

The Motion Picture Hall of Fame is poised to become one of the leading worldwide brands in the entertainment industry. On the following links, www.filmfame.com and www.filmfame.com/bizplan we present our vision for the Motion Picture Hall of Fame as well as the many opportunities for corporate and private participation. We are proud to present this historic institution at its very beginning. We hope you will join us in preserving and honoring the greatest of the great, here at the Motion Picture Hall of Fame.

Safe Harbor -- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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