updated 1/27/2011 2:18:11 PM ET 2011-01-27T19:18:11

MIAMI, Jan. 27, 2011 (GLOBE NEWSWIRE) -- Fuego Enterprises, Inc. (Pink Sheets:FUGI) announces an open invitation to all shareholders and prospective shareholders to participate in a live conference call with Mr. Hugo Cancio, President and CEO on Monday January 31st at 4 pm Eastern Standard Time. Mr. Cancio and the company CFO, Mr. Ed Steinback, will be providing an update on 2010 activity and our plans for 2011. After providing an overview of our future plans Mr. Cancio and Mr. Steinback will engage in a Q&A session.

To participate in the conference call on Monday January 31st at 4 pm EST the dial in number is 760 569-7676; enter the participant code 883043.

As part of a previously announced plan implementing a series of strategic actions to benefit the company and improve shareholder value, company management has filed with the Nevada Secretary of State to reduce the Fuego Enterprises Authorized Shares to 100 million. The company has also returned to our transfer agent previously issued 800,000 shares for cancellation. Fuego's CFO, Mr. Ed Steinback, expects to file the unaudited financial statements next week.

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 Enterprises, Inc.
         Dan York
         Investor Relations
         214 675-2531
         ir@fuegoentertainment.net

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