Fuego Entertainment Licenses the Music Library Catalogue of Ciocan Entertainment and Music Group, Inc. and Creates its own Music Division called Fuego Entertainment Music International (FEMI)

MIAMI, FL. (Fuego Entertainment, Inc.) - Fuego Entertainment, Inc. today announced an exclusive licensing agreement with the music library catalogue of Ciocan Entertainment and Music Group, Inc. and the start of Fuego Entertainment Music International (FEMI), Fuego's new music division.

Ciocan Entertainment and Music Group, Inc. is a company owned and managed by our Hugo Cancio, our CEO, and the terms of the licensing agreement are for five years (with a five year option) and a 10% royalty to Ciocan based on net sales. This agreement licenses 15 finished albums and two different artists who are exclusively recording with Ciocan for the release of other future projects. FEMI will target the non-Hispanic markets with this content and develop the past marketing efforts of Ciocan to the Latin customer base.

"We intend to market this library's popular titles within the Latin and US markets by working with various music companies to establish an international distribution network. We now have the foundation to develop the music division within Fuego and increase the size of the catalogue by producing more albums and developing new and existing talent," said Hugo Cancio, CEO.

FEMI will also develop live productions for its artists while marketing and promoting the recordings. Tour productions will be national and international, depending on the artist. FEMI also plans to license some individual tracks to and from other music producers.

Fuego Entertainment is primarily engaged in directing, producing, marketing, and distributing entertainment products, including feature and short films, documentaries, television shows, music, and tour productions.