Film and Music Entertainment Announces Moonpie! Their Third Film This Year!


HOLLYWOOD, Aug. 10, 2005 (PRIMEZONE) -- Film and Music Entertainment, Inc. (Pink Sheets:FLME) announced today it has commenced production of its third film this year, "Moonpie," a romantic comedy starring MAD TV's Michael McDonald and Stephanie Weir as an elementary school principal and third grade teacher who, despite their troubles, find romance in the unlikeliest of places. Written and directed by Drake Doremus.

Filming is on location in Arizona and the film will be completed and ready for distribution in 2006.

Film and Music Entertainment is an independent entertainment production and distribution company, which produces high quality, theatrical feature films for worldwide distribution.

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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