MIAMI, Feb. 9, 2010 (GLOBE NEWSWIRE) -- Fuego Enterprises Inc. (Pink Sheets:FUGI) announces increasing revenues from the production of music tours, merchandising and live music events in the continental U.S.
This past December, Fuego Enterprises, Inc.'s music division, "Fuego Entertainment," produced and co-produced a series of live music performances by several Cuban artists in key cities in the continental United States, where Latin music, specifically Cuban music, is extremely popular. Nine concerts took place in December in Miami, Tampa, San Francisco, and New York City. Ticket sales for the first 9 concerts in December 2009 grossed almost $300,000 in revenues. Beginning in March 2010, Fuego Enterprises will begin producing a series of concerts throughout the entire continental United States in cities such as Miami, Key West, Tampa, Orlando, Puerto Rico, Washington D.C., New Jersey, New York, Los Angeles, San Francisco, Philadelphia and other key cities. Fuego is producing 4 tours for a total of 48 concerts already scheduled during the 2010 calendar year and over 62 for 2011.
Fuego anticipates from $1.5 million to $2.3 million in gross revenue from concerts, merchandising and digital music sales during 2010.
About Fuego Enterprises, Inc.:
Fuego Enterprises, Inc. is a diversified holdings company with operations in media and entertainment, telecommunications, and other industries currently under development. Fuego Entertainment is based in the U.S. with a focus on Latin markets. For more information, please visit Fuego Enterprises at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Enterprises, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.