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U.S. Equity News: EPIC Takes Major Steps Towards Its Growth and Makes Its Presence Known at the Super Bowl and Sinclair Names Steven Genett General Manager of WRLH-TV in Richmond, VA
2/4/2008

Feb 04, 2008 (M2 PRESSWIRE via COMTEX News Network) --
City of Industry, CA -- Media entertainment industry alert provided by U.S. Equity News. EPIC Corporation (OTC: EPIO), a multi-media communications and broadcasting company, on Monday February 4, 2008 announced that it has accomplished much in its first month of full operation and will continue to aggressively pursue its business plan in the months ahead. An agreement with Presidential Holdings, Inc., www.preswidentialholdings.com, with its staff of retired admirals, generals and other consultants to introduce and aid EPIC with its military business plans. The addition of long time broadcaster Jeff Deforrest as a media advisory board member and lead broadcaster.

FX Real Estate and Entertainment Inc. (NASDAQ: FXRE) on Monday February 4, 2008 filed a registration statement with the Securities and Exchange Commission for its previously announced rights offering, under which the Company will offer its stockholders the right to purchase one share of FXRE stock at a price of $10 per share for every two shares of stock held as of a to-be-determined record date. As part of the initial transaction that created FXRE in June 2007, holders of approximately 50% of the Company's outstanding common stock, representing approximately 20 million shares, waived the right to participate in the rights offering. As a result, approximately 9.9 million shares will be offered in the rights offering.

Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) announced on Monday February 4, 2008 that Steven Genett has been named General Manager of WRLH-TV (FOX 35) in Richmond, Virginia. The announcement was made by Steve Marks, Chief Operating Officer of Sinclair's television group. "I am excited to have been given this opportunity to manage WRLH-TV," commented Steven Genett.

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