Film and Music Entertainment's Daly as well as Landau Pick Up Milan Awards


MILAN, Italy, March 21, 2005 (PRIMEZONE) -- Film and Music Entertainment, Inc.'s (Pink Sheets:FLME) John Daly, producer of mega-hits "Terminator", "Platoon", and "Last Emperor", received a life achievement award while screening his latest directorial project, "The Aryan Couple" for competition at the Milano International Film Festival in Italy Saturday evening 19th, March.

"The Aryan Couple" also garnered a Best Acting Performance Male Award for Martin Landau in his role as Josef Krauzenberg, a wealthy Hungarian Jew who trades his wealth to Himmler for the safe passage of his family to Palestine.

The Ceremony included a retrospective of Daly's vast contributions to independent films and had a special congratulatory video from Martin Landau and Oliver Stone.

Celebration Pictures, a Film and Music Entertainment, Inc. (Pink Sheets:FLME) company, headed by Daly, reps the film for domestic distribution with plans for a late April release. Foreign sales are being handled by AV Pictures Ltd of the UK.

Film and Music Entertainment is a high profile independent film distribution and production company which releases high quality theatrical feature films and television productions.

Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate", "believe", "estimate", "expect", and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. There can be no assurance that the Company will be able to market, sell or deliver successfully its services inside or outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, longer payment cycles, and fluctuations in currency exchange rates, any of which could adversely affect the Company's operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future operations and consequently, on the Company's business, results of operations, and financial condition.



            

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