Pacificap Entertainment Holdings, Inc. Announces Signing Option to Produce 'The Gucci Wars'


BEVERLY HILLS, Calif., April 27, 2005 (PRIMEZONE) -- Pacificap Entertainment Holdings, Inc. (OTCBB:PFEH), www.pacificapentertainment.com, is pleased to announce it has acquired the rights for a new theatrical movie called "The Gucci Wars." Principal photography is scheduled to begin in the early fall in New York, Milan and Florence.

Ed Litwak, President of Pacificap, stated, "This film has a dramatic storyline that will excite the public."

The statements made by Pacificap Entertainment Holdings, Inc. (the Company) may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe the company's future plans, projections, strategies and expectation, and are based on assumptions and involve a number or risks and uncertainties, many of which are beyond the control of Pacificap Entertainment Holdings, Inc. Actual results could differ materially from those projected due to changes in interest rates, market competition, changes in the local and national economies and various other factors. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events. Please refer to the Company's filings with SEC for additional information regarding risks and uncertainties listed from time to time in such SEC reports. Copies of those filings are available through the SEC's electronic data gathering analysis and retrieval system.



            

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