Film and Music Entertainment Signs Deal with AV Pictures for 'Aryan Couple' for Foreign Sales


HOLLYWOOD, March 7, 2005 (PRIMEZONE) -- Film and Music Entertainment, Inc. (Pink Sheets:FLME), a publicly traded Hollywood based independent film distribution and production company announced today that its subsidiary, Celebration International Pictures Limited, had finalized an agreement for AV Pictures, Ltd based in Europe to handle all foreign sales of its film "The Aryan Couple" starring Martin Landau. The film will be honored at the Milan Film Festival, March 17 and will also be shown at the Cannes Film Festival in May 2005.

"The Aryan Couple," produced and directed by John Daly, is set in Nazi occupied Hungary and tells the story of a wealthy Jewish businessman who is forced give everything he owns to Heinrich Himmler to save his family. The film recently received rave revues from its opening screening at the prestigious Washington DC Film Festival with the film receiving a standing ovation. "The Aryan Couple" will be seen in a wide number of other festivals over the following month prior to its American theatrical release.

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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