Fuego Enterprises, Inc. (FUGI)

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Extension filed with a earnings preview::

At 2/29/08 the Company had cash of $23,874 and accounts payable of $108,963. For the three-month period ended February 29, 2008 the Company earned, on a consolidated basis, $259,768, incurred operating expenses of $209,974, less a minority interest of $25,101 for a net income of $24,693. The Company also recorded deferred revenue of $223,659 based on a contract to be fulfilled by us during the next quarter.

The accounts payable is primarily money owed back to Hugo that he has personally loaned the company. This has been paid down fom over 250,000. The deferred revenue will show up next quarter.

Also, talked to Hugo and he said he is still waiting on his first report from online digital sales. It did not come on soon enough to be added to the revenues, but he will PR the totals as soon as it comes in.

This is a significant increase in revenue!