Feb. 9, 2010
Fuego Enterprises Announces Increasing
Revenues From Tours and Live Performances of Music Groups
MIAMI, Feb. 9, 2010 (GLOBE NEWSWIRE) -- Fuego Enterprises Inc. (Pink
Sheets:FUGI) announces increasing revenues from the production of music
tours, merchandising and live music events in the continental U.S.
This past December, Fuego Enterprises, Inc.'s music division, "Fuego
Entertainment," produced and co-produced a series of live music
performances by several Cuban artists in key cities in the continental
United States, where Latin music, specifically Cuban music, is extremely
popular. Nine concerts took place in December in Miami, Tampa, San
Francisco, and New York City. Ticket sales for the first 9 concerts in
December 2009 grossed almost $300,000 in revenues. Beginning in March
2010, Fuego Enterprises will begin producing a series of concerts
throughout the entire continental United States in cities such as Miami,
Key West, Tampa, Orlando, Puerto Rico, Washington D.C., New Jersey, New
York, Los Angeles, San Francisco, Philadelphia and other key cities. Fuego
is producing 4 tours for a total of 48 concerts already scheduled during
the 2010 calendar year and over 62 for 2011.
Fuego anticipates from $1.5 million to $2.3 million in gross revenue
from concerts, merchandising and digital music sales during 2010.
About Fuego Enterprises, Inc.:
Fuego Enterprises, Inc. is a diversified holdings company with
operations in media and entertainment, telecommunications, and other
industries currently under development. Fuego Entertainment is based in
the U.S. with a focus on Latin markets. For more information, please visit
Fuego Enterprises 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
Enterprises, 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.
