MONTCLAIR, N.J., Aug. 18, 2005 (PRIMEZONE) -- Headliners Entertainment Group Inc. (OTCBB:HLEG) announced today that it has signed a licensing agreement with XM Satellite Radio (Nasdaq:XMSR) to broadcast Rascals Comedy Classics library and the new Rascals Comedy Hour being taped at Rascals club locations.
Rascals Comedy Classics library gives you the past, present and future of standup comedy. Over 200 hours of classic comedy with Celebrities such as Ray Romano, Drew Carey, Tim Allen, Sinbad, Rosie O'Donnell, Brett Butler, Dennis Leary, Dice Clay, Jackie Martling, Rich Jeni, Jeff Foxworthy, Joy Behar, Darrell Hammond, Rich Vos, Wanda Sykes, all the BIG stars!
Ed Rodriguez, HLEG's Chairman and CEO stated, "We believe the licensing agreement with XM Satellite Radio will provide an additional revenue stream and provide a substantial new distribution channel for our Rascals Comedy Classics, bringing listening pleasure to millions of people worldwide."
About Headliners Entertainment Group Inc. (HLEG)
Headliners is an entertainment management company that owns and operates three Comedy Clubs and five Dance Clubs. It also owns a library of over 200 hours of stand up comedy routines performed by today's top entertainers, and has also starting taping a new Rascals Comedy Hour. Headliners has also entered into contracts with:
-- MSN Video Downloads;
-- WindowsMedia;
-- RipeTV, a video-download service aimed at young, single men;
-- XM Comedy, a TVNet wired and wireless digital video download
service;
-- SmartVideo Technologies, a mobile entertainment service provider
that offers fully synched, full-motion audio and video programs
to viewers with mobile electronic devices.
About XM Satellite Radio
XM is America's number one satellite radio service with more than 4.4 million subscribers. Broadcasting live daily from studios in Washington, D.C., New York City and Nashville at the Country Music Hall of Fame, XM's 2005 lineup includes more than 150 digital channels of choice from coast to coast: the most commercial-free music channels, plus premier sports, talk, comedy, children's and entertainment programming and 21 channels of the most advanced traffic and weather information. XM was named Best Radio Service at the 2004 Billboard Digital Entertainment Awards.
XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Toyota, Hyundai, Nissan and Volkswagen/Audi, is available in more than 120 different vehicle models for 2005. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.