March 7, 2007
Parnell Francois Delcham Joins Fuego Entertainment's Board of Directors
MIAMI, FL March 7 --
Fuego Entertainment, Inc. (OTCBB: FUGO) today announced that
Parnell Francois Delcham has been added to the board of directors. It is
anticipated that Mr. Delcham will be nominated for election to Fuego's
Board of Directors at the Company's 2007 Annual Meeting of Shareholders.
"Mr. Delcham's insight in brand management and development is going to
be instrumental for our growth strategy as we expand the visibility of our
products and services within the media and entertainment industry," said
Hugo Cancio, CEO. "Mr. Delcham is a ground-up manager and has developed
many businesses over the years from start-up to success. It is in this
experience and knowledge of our industry that he will add tremendous value
to the many divisions and operations of
Fuego Entertainment."
As technology continues to merge countries and cultures, Mr. Delcham
looks to introduce Fuego as a tool to advance the lifestyle of this new
generation by building a new culture and new environment with a Cuban and
Latin flare.
"I hope to apply my knowledge of marketing and media relations to
Fuego's operating plan," stated Parnell Delcham. "Fuego needs to
capitalize on the position it is establishing and realize its potential.
The interchange of ideas is the movement that produces the future. At
Fuego, I look to be a leader in this movement and encourage the growth of
the Company's ideology."
Since the late 1980s, Parnell Francois Delcham has been a leader in the
management and development of many hospitality brands such as the
Trafalgar House (London), Les Bains Douche (Paris), Byblos 9 (St. Tropez),
Privilege (Ibiza), Red Square (South Beach Miami), The Restaurant at
Little Palm (Little Palm Island, FL), Kwanzaa (New York City), and The
Hard Rock Hotel & Casino (Las Vegas). Past engagements also include media
and entertainment projects with Def Jam Records,
Bad Boy Entertainment, BET,
Ocean Drive Magazine, and GQ. He started his career in finance
with PricewaterhouseCoopers and is now the president of P&L Farmhouse, a
consultancy group specializing in lifestyle brand development for clients
in the entertainment and media industry.
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.
CONTACT:
Fuego Entertainment, Inc.
Dan York
Investor Relations
214 675-2531
ir@fuegoentertainment.net
