Fuego Entertainment Is in Dispute With Apple Corps Limited Regarding Exploitation of 1962 Beatles Recordings
Market Wire, March, 2008
The London-based company Apple Corps Limited ("Apple") filed a legal complaint in Miami Federal Court against Fuego Entertainment, Inc. (OTCBB: FUGO), and its majority owned joint venture, Echo-Fuego Music Group, LLC ("Fuego"). Over the past few weeks, Fuego was engaged in cordial and respectful conversations with Apple's legal counsel with respect to the exploitation of 12 never released historical and valuable music recordings of the Beatles. In good faith, Fuego promptly complied with Apple's requests to restrict exploitation of the Beatle's recordings in an effort to safeguard Fuego's relationship with Apple until the dispute was amicably resolved. Nevertheless, Fuego respectfully declined Apple's request to send Apple the subject music recordings.
Fuego was formally served with a legal complaint yesterday, March 25, 2008, and is emphatically disputing all of Apple's material allegations and will vigorously defend Fuego's rights accordingly. Although Fuego continues to be advised by the Miami-based entertainment law firm, Simran Singh, P.A., Fuego has also retained the prestigious legal services of the Miami-based Genovese, Joblove & Battista, P.A., for this litigation matter. Genovese, Joblove & Battista, P.A., has one of the largest intellectual property and trademark litigation practices in Florida and represents national and international clients in litigation matters throughout the nation. The firm represents businesses and individuals in all types of commercial litigation matters and provides thorough and professional litigation representation that is highly focused and, when appropriate, multi-disciplinary.
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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