updated 3/24/2011 8:46:10 AM ET 2011-03-24T12:46:10

MIAMI, March 24, 2011 (GLOBE NEWSWIRE) -- Fuego Enterprises (Pink Sheets:FUGI) announced the engagement of Wall Street Corner and its noted editor Larry Oakley to prepare an independent research report for shareholder information and dissemination to the broader public. The report will be posted at www.wallstreetcorner.com when published shortly and reflect current information and significant milestones in Fuego's development. Larry Oakley, known globally as the "Elder statesman of emerging growth company writers" is editing this comprehensive profile both to inform our current shareholder base and to expose to Wall Street Corner's network of investor contacts globally, as a means of highlighting to the investing public corporate developments.

Fuego Enterprises President & CEO Hugo Cancio, referring specifically to Wall Street Corner and generally to the company's initiative at shareholder communication said, "We have commissioned WSC as a first step in broadening the reach of our company's efforts at communicating the ground breaking and historic presentation of Cuban culture to an American audience. As the inevitable change in the relationship between the U.S. and Cuba comes closer we have positioned Fuego Entertainment to be the premier source of Cuban musical performance and entertainment. We will dynamically update our website www.fuegoentertainment.net with a continuing series of concert artist and venue information as our partnerships with local promoters confirm dates and locations."  Cancio further stated, "Our previously announced lineup of "Cuban All Stars" and other acts will more than double the number of events this year over last, our accounting and legal teams are working to complete the necessary filings to become qualified for SEC fully reporting status and management is aggressively seeking additional revenue opportunities consistent with governmental regulations governing travel, telecommunications and people to people exchanges."

"We believe both our current and future shareholders will benefit from these initiatives as we target both growth and profitability this year while bringing an outstanding grouping of Latin artists to the largest market for live and recorded entertainment right here in America," Mr. Cancio concluded.

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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