updated 1/13/2011 11:17:39 AM ET 2011-01-13T16:17:39

MIAMI, Jan. 13, 2011 (GLOBE NEWSWIRE) -- Fuego Enterprises, Inc. (Pink Sheets:FUGI) proudly announces that it's Fuego Entertainment division has currently scheduled more than 70 concerts in clubs and concert halls throughout the US with additional contracts in negotiation for 2011.

Hugo M. Cancio, President of Fuego Enterprises Inc. stated, "We are proud to produce and provide to American audiences nationally, Cuban and World Music artists who will bring their unique and wildly popular musical styles to the United States and to expose a new generation to Cuban music and culture." This enhanced schedule and additional artist participation compares to only 38 concerts held during 2010. In addition Fuego Entertainment is producing the first ever Fuego Entertainment Cuban Music World Festival, featuring an all star Cuban music lineup, to be held in the Miami area this spring. The venue for the music festival will seat 60,000 people. Complete details for the music festival will be announced next week.                                                                                              

Fuego Enterprises believes the combination of the music tours already scheduled, additional concerts that will be scheduled during 2011 and the first ever Fuego Entertainment Cuban Music World Festival will generate substantially increased revenue than 2010. In addition, as the result of these tours, management also expects a substantial increase in merchandising, CD's and digital music sales during 2011.

Popular Cuban artists already scheduled for one or more music tours in the US during 2011 with the months they will be touring include:

Moneda Dura  (March/April)
Pablo Milanes  (March/April)
Habana Abierta  (March/May)
Haila Mompie  (March/April)
Jose Luis Cortes & NG La Banda  (March/April)
Charanga Habanera  (March/August)
Juan Formell & Los Van Van  (March/August)
Elio Reve y su Charangon  (May/July)
Vocal Sampling  (May/September)
Los Confidenciales  (May/August)
Habana de Primera  (May/September)
Conjunto Folklorico Nacional  (September)
Sintesis  (September/October)
Frank Delgado  (September)

Details on artists, dates, venues and ticket availability will be available shortly on www.fuegoentertainment.com

Next week the company will be announcing a specific day and time for a conference call with an open invitation for all shareholders and prospective shareholders to participate. In that conference call Mr. Hugo Cancio will be providing an update on what has been happening with the company over the last year and our plans for 2011. After providing an overview of our future plans Mr. Cancio will engage in a Q&A session with the participants. 

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 Enterprises 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.

CONTACT: Fuego Entertainment, Inc.
         Dan York
         Investor Relations
         214 675-2531
         ir@fuegoentertainment.net

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