LOS ANGELES, CA--(Marketwired - Feb 25, 2016) - Carolco Pictures, Inc. (OTCQB: CRCO) is pleased to announce today that its majority owned subsidiary, High Five Entertainment, was chosen to produce T.J. Martell Foundation's 8th annual Nashville Honors Gala on Monday February 29th, 2016 for the third consecutive year.

A number of legendary performers are slated to perform in Music City's biggest fundraising event. Charles Esten, best known for his role as Deacon Claybourne on ABC's Nashville, is returning to host the gala, and Don Henley, Joe Walsh, Chris Young, Ronnie Milsap, Charles Esten and Ruby Wilson are set to perform at the event. Country icon Kenny Rogers will be among the evening's honorees. Kenny Rogers will be presented with the Tony Martell Lifetime Entertainment Achievement Award. Also being celebrated at the 2016 event are Nashville's own Aubrey Harwell (Spirit of Nashville Award), CMT's Brian Philips (Frances Preston Outstanding Music Industry Achievement Award) Jennifer Pietenpol, Ph.D., (Medical Research Advancement Award), along with the FedEx Corporation (Outstanding Global Citizenship Award).

The T.J. Martell Foundation was founded to assist in funding research to help fight leukemia, cancer, and AIDS at hospitals across the U.S., including the Frances Williams Preston Laboratories at the Vanderbilt-Ingram Cancer Center in Music City. The Honors Gala is one of the foundation's biggest events, having raised over $3.5 million for the cause since 2009.

Tinti Moffat, T.J. Martell Foundation's Southern Region Executive Director, said, "Having High Five Entertainment's Emmy Award winning producers Martin Fischer and Edie Hoback bringing their formidable skills to the event production again is such a gift to us. We are very grateful for their passion, skill and dedication to our mission to raise money for cutting edge research. "

Carolco Pictures subsidiary High Five Entertainment President Martin Fischer commented, "We are in love with the T.J. Martell Foundation and the important work they do. We feel privileged to be chosen to produce the 2016 Gala and contribute to this vitally important research."

About Carolco Pictures, Inc.: Carolco is a diversified entertainment company engaged in the financing, production, and leasing of motion picture properties. Carolco's most recent regulatory filings and financial information can be found on the Securities and Exchange Commission's website at www.sec.gov 

Forward-Looking Statements: Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue", or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and Current Reports of Form 8-K.

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