Fuego Enterprises Announces Quarterly Revenues from Tours and Live Performances of Music Groups
Oct 19, 2010OTC Disclosure & News Service
Miami, FL -
MIAMI, October 19, 2010 -- Fuego Enterprises Inc. (OTCPK: FUGI) announces estimated gross revenues during the quarter of June 1, 2010 – August 31, 2010 of $1,467,182 from the production of music tours, merchandising and live music events in the continental US. The majority of revenues came from 21 live event dates produced and co-produced by Fuego Enterprises. The live performances from the events drove increasing sales in digital downloads of Fuego’s music catalog.
During the same quarter, the 21 events included a highly regarded and received 6 date tour of the legendary headliner, Mr. Silvio Rodriques, which included a sell-out performance at the venerable Carnegie Hall in New York. Other cities on the tour included the Paramount Theater in Oakland and the Gibson Amphitheater in Los Angeles, CA, Constitution Hall in Washington, D.C., and the Bob Carr Performing Arts Centre in Orlando, FL. During the same period Fuego had a one night exclusive event with Buena Fe in Miami, FL, to release and unveil their new Hi-definition DVD production, “Buena Fe Live in the USA”. Popular Latin Rhythm group, “David Calzado and Charanga Habanera” performed 8 event dates to enthusiastic crowds, and popular Latin dance group, “Elio Reve” performed 6 event dates.
For the period of September 1 through December 31, 2010, thus far, we have 18 dates sold and are estimating gross receipts of more than $450,000. We are in the process of booking additional dates and artists. We are currently accepting bookings for the top Cuban Pop Group, “Los Van Van” with 15 committed event dates across the USA, including the Legendary "Conga Room" in Los Angeles, CA and the dining and entertainment establishment, “Yoshis” in San Francisco, CA. “Los Van Van” bookings also include performances in Miami, FL and New York, NY, Louisville, Kentucky, Tampa, FL and other cities. We are also planning and booking concert dates for “Frank Delgado.”
We are pleased to announce that for 2011 we are currently booking and planning tours for “Vocal Sampling”, “David Calzado and Charanga Habanera”, “Los Van Van”, “Elio Reve”, “Los 4”, “Moneda Dura”, “Frank Delgado”, “Habana de Primera”, “Conjunto Folklorico Nacional de Cuba” and others. Concert promoters and booking agencies should contact Fuego Enterprises if interested in booking any of our artists or participating in any of our tours.
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 Entertainment 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 Entertainment, Inc.Dan YorkInvestor Relations214 675-2531ir@fuegoentertainment.net
