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SSSU News Release Good stuff

Silver Screen Studios Enters into its First Asset Backed Financing Publishing Deal for the Printing and Publication of its First Two Novels: ''The Set-Up'' and ''The Single Life''
Ticker Symbol: U:SSSU

ATLANTA -- (Business Wire) -- July 16, 2006

Silver Screen Studios, Inc. (OTCBB: SSSU)

www.silverscreenstudiogroup.com,

http://finance.yahoo.com/q?d=v1&s=sssu.ob , today announced the

publication of an audio interview at Traders Nation,

www.tradersnation.com/sssu.shtml , and enters into its first asset

backed financing publishing deal. We are in development of a similar

type of deal for the financing of our film slate and real estate

acquisitions.



¶ Asset Backed Financing Deal:



¶ We are happy to announce we have entered into a definitive

agreement with a financing source for the financing of our first two

novels, "The Set-Up," and "The Single Life." The financing will be in

the form of our previously announced asset backed financing strategy

with the copyrights and royalties of each novel used to secure the

financing for the publication and marketing of the novels. We are also

negotiating funding of a slate of up to ten (10) novels over the next

12 months using a similar structure.

¶ "The Set-Up" will be the first novel published under the financing

agreement. We estimate the novel will be available for retail within

6-8 weeks, with "The Single Life" to follow with its publication.



¶ "The Set-Up" Novel:



¶ "The Set-Up" is an action adventure thriller that will take the

reader on a roller coaster ride involving action, adventure, betrayal,

loyalty, greed, sex, murder all wrapped tight into a plot with many

twists holding the readers' attention from beginning to end. "The

Set-Up" was written for the adaptation into a feature film and will be

placed into development by our entertainment business unit Global 1

Entertainment assisted by Blue Box Entertainment. The sequel to "The

Set-Up" is in development.



¶ Summary:



¶ Our restructuring efforts are beginning to manifest themselves

with the securing of the financing for our publishing business unit.

We believe we will have the financing in place to begin the

development phase of our film slate and for the acquisition of the

production equipment. Our efforts are focused on developing SSSU into

a leader in the media market segment and securing the capital to fund

our business.

¶ Disclaimer: The below disclaimer is incorporated by reference as

if fully set forth herein this as well as all media releases on SSS

behalf. The statements contained in this released are forward looking

and may or may not occur due to forces beyond the company's control.

Contacts:

Silver Screen Studios, Inc.

Donald Evans, 404-255-0400

e-mail: [e-mail]