updated 2/2/2011 9:47:03 AM ET 2011-02-02T14:47:03

MIAMI, Feb. 2, 2011 (GLOBE NEWSWIRE) -- Fuego Enterprises, Inc. (Pink Sheets:FUGI) today announced that its Fuego Entertainment division is producing the first ever Fuego Cuban Music World Festival, featuring an 'All Star' line up of more than 30 Cuban music artists. This first of a kind Cuban Music Festival is destined to become known as the "Cuban Woodstock" for its impact and introduction to an American audience of the vibrant sounds comprising modern Cuban culture.

This historic event from 10 am until midnight will take place on Saturday, April 9, 2011 at the 600 acre Homestead-Miami International Speedway with seating for more than 60,000 people. If the event is sold out a repeat performance may be held on Sunday, April 10th.  Fuego will be filming and are in conversation with major networks for potential broadcast or acquisitions of DVD rights.

Artists invited to participate are: Juan Formell Y Los Van Van, David Calzado, Y SU Charanga Habanera, Gente De Zona, Los 4 (Salvajes), Buena Fe, Issac Delgado, Los Confidenciales, Manolin, El Medico De La Salsa, El Micha, Habana Abierta, Elito Reve y su Charangon, Habana De Primera, Moneda Dura, Pmm Con El Chacal Y Los Generales, Baby Lores, Pachito Alonso, Lioni Torres, Haila, Tambalive and others.

Tickets for the festival are $40.00 and may be purchased at more than 3,000 point of sale ticket locations throughout the U.S. Tickets may also be purchased by calling 786 336-6000 or by visiting the Cuban Music World Festival Web Site at www.fuegocubanmusicfestival.com

Fuego Enterprises shareholders attending the festival, who register in advance by calling Investor Relations, are invited to attend a special VIP event where they will be able to meet with all the festival performers, Fuego's CEO Hugo Cancio, the rest of the management team, as well as meet fellow Fuego shareholders.

"This event, without a doubt will make history... A celebration of Cuban music and culture for the world to see and experience some of the world must talented artists," stated Hugo Cancio, creator of the festival and Fuego CEO.

The company plans to produce a Fuego Cuban Music Festival once a year in Miami or key cities around the continental U.S.

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

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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