Fuego Entertainment Acquires Digital Distribution Rights to More Than One Million Music Tracks From IODA

SOURCE:

Fuego Entertainment, Inc.

2008-08-07 07:00:00

MIAMI, FL–(EMWNews – August 7, 2008) – Fuego Entertainment, Inc. (OTCBB: FUGO) today

announced that in an agreement with IODA, the global leader in digital

distribution, marketing, and technology solutions for the independent music

and film industry, the Company will be adding more than one million music

tracks and over two thousand video and film titles to our FuegoMio.com

music and video retail store.

The addition of more than one million music tracks and over two thousand

video and film titles from IODA is an important step in Fuego

Entertainment’s commitment to becoming one of the largest music and video

digital retail stores. Through Fuego’s new digital retail music store,

www.FuegoMio.com, the Company will be providing higher quality digital

audio than any other major digital retailer. As IODA continues to grow its

music, film and video catalogs, Fuego will continue to receive new

releases.

“We are exited about our new partnership with IODA. Without a doubt this

first major alliance will spearhead our efforts to become one of the

largest digital retail stores in the world. We expect to announce similar

partnerships in the near future,” stated Hugo Cancio, President & CEO of

Fuego Entertainment.

Global digital music sales totaled an estimated US$3 billion in 2007, a

roughly 40% increase on 2006 (US$2.1 billion). Single track downloads, the

most popular digital music format, grew by 53% to 1.7 billion (including

those on digital albums). Digital sales now account for an estimated 15% of

the global music market, up from 11% in 2006 and zero in 2003. In the

world’s biggest digital music market, the US, online and mobile sales now

account for 30% of all revenues.

IODA, the Independent Online Distribution Alliance, is the industry-leading

digital distribution company for the global independent music community.

IODA provides comprehensive services to record labels, physical

distributors, and artists. Founded in 2003, IODA represents a rapidly

expanding roster of over a million tracks from thousands of independent

labels around the globe. IODA also distributes independent film and video

content.

Fuego Entertainment, Inc. is engaged in the production, acquisition,

marketing, sales, and distribution of entertainment products. For more

information, please visit Fuego Entertainment at

http://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

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