HOUSTON, Dec. 1, 2004 (PRIMEZONE) -- Summit Entertainment Group Inc. (Pink Sheets:SETG) is proud to announce that is has begun talks to acquire its first entertainment venue located in Texas. Early estimates from the companies' financials indicate that it will increase Summit's gross revenue by approximately .5 million dollars a year and 1.2 million dollars in assets for fiscal year end 2005.
Summit Entertainment Group Inc. has completed its acquisition of the BBSC, located in Houston, Texas. The acquisition represents the beginning of its gaming operation in Texas. More information on this acquisition can be found at http://www.the-bbc.net.
Summit will release further information on these and other acquisitions as it develops.
About Summit Entertainment Group Inc.
Headquartered in Houston, Texas, Summit Entertainment Group Inc. (Pink Sheets:SETG) aspires to be a leading diversified owner and operator of multiple entertainment properties, including developments in Las Vegas, Reno, Nevada, and Louisiana. Summit Entertainment Group's press releases are available at www.Pinksheets.com or www.knobias.com. Additional news and information on Summit can be obtained by contacting the company at (281) 255-9424 Ext: 100.
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