LAS VEGAS, July 20, 2005 (PRIMEZONE) -- Milagro Entertainment, Inc., a wholly owned subsidiary of Milagro Holdings, Inc. (Pink Sheets:MLGH), is pleased to announce that it has signed a Production Agreement with the United States Coast Guard (USCG) acting on behalf of the United States of America. This Agreement is based upon a TV Script called "The Guard". A one-hour pilot has been written and approved by the USCG Motion Picture & Television Office, which is a department within Homeland Security.
This is the continuance of a well-developed plan for Milagro in acquiring rights and building assets that will ultimately be the platform that will give Milagro a strong foothold within the Film and Television Industry. We believe that all the elements that the USCG deals with on a daily basis from Drug Seizures, Illegal Immigrants and Rescues provides for an action-packed weekly Drama Series on Network Television. The show will be filmed at District Seven in Miami Florida.
About Milagro Entertainment, Inc.
Milagro Entertainment, Inc. is dedicated to producing quality product for Television and Film. Milagro Entertainment is constantly seeking out new projects while developing existing projects and leveraging rights to literary and real-life adaptations.
Milagro is also pleased to announce that the new website is functional and will be updated regularly for the Investors to monitor the progress of the Company.
About United States Coast Guard
USCG is a military, multimission, maritime service and one of the nation's five Armed Services. Its mission is to protect the public, the environment, and U.S. economic interests - in the nation's ports and waterways, along the coast, on international waters, or in any maritime region as required to support national security.
This press release does in no way constitute a reason to purchase the stock of MLGH as the company cannot predict the outcome to be a success.
Forward-looking statements and comments in this press release are made pursuant to the safe harbor provisions of the Securities and Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transactions and enhance the operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future.