MIAMI, March 12, 2007 (PRIME NEWSWIRE) -- Fuego Entertainment, Inc. (OTCBB:FUGO) announces the release date of the popularly acclaimed Cuban film, Zafiros Locura Azul, meaning "Sapphire Blue Madness." Zafiros Locura Azul is a feature film produced by Hugo M. Cancio and filmed in Cuba, depicting the story of Los Zafiros, a very popular Cuban vocal quartet of the 1960's.
The U.S. release date has been set for June 22, 2007. The film will have limited theatrical distribution and be available on DVD through major U.S. retail outlets at a later time. The film will also make its debut on television and cable network channels at a later date. Foreign territory releases are still under negotiations and will be announced soon.
Cuban music was forever changed when Los Zafiros appeared on the scene. Los Zafiros featured polyphonic vocals that packed Havana's clubs and gained popularity on Cuban television and radio. The story is told through recreations of their appearances and use of actual footage. Their innovative vocalizations drove them to the top of the charts and their high-energy dance movements put Los Zafiros into the history books.
"It had the audience moaning with laughter and remembrance. In Havana it has broken all attendance records and won a prize at the Havana Film Festival. For the Miami audience, it was like going home," said Peter Watrous, New York Times
"I'm very happy that the film will finally be available for the general audience to see," said Miguel Cancio, founding member of Los Zafiros. "I'm looking forward to traveling the country promoting the film."
Under the arrangement, Fuego Entertainment will receive a royalty of 75%, based on the gross revenue generated from the film's distribution, for a 10-year period. The Company has acquired the rights to worldwide distribution in all formats, including theatrical, home video/DVD, television, and its soundtrack. Filmed in 1997, the film has never been commercially released, but has won many international film festival awards, including the Audience Award in 1997 at the Havana Film Festival and the Best Actor Award for Nestor Jimenez at the San Juan International Film Festival in 1998.
About Fuego Entertainment, Inc.
Fuego Entertainment, Inc. is engaged in the production, acquisition, marketing, sales, and distribution of entertainment products such as short films, documentaries, television shows, music, and tour productions. Also, through its subsidiaries, the Company provides management and development of television stations, recorded music, and music publishing services worldwide. The music operations include discovery, production, development, and distribution of recorded music. The Company also markets its music catalog through compilations and re-issuances of previously released music and video titles, as well as licenses tracks to and from other producers and record labels for various uses, including film, documentaries, short films and television soundtracks. For more information, please visit Fuego Entertainment at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Entertainment, Inc., members of their management, and assumptions on which such statements are based. 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 contemplated by such forward-looking statements.