In 3 days FUEGO HAS GIVEN 2 PRs, with more to come read them here, but be prepared to drool!!!!
Fuego Enterprises, Inc. Announces Record Revenue of More Than Two Million Dollars
Fuego Enterprises Inc. (Pink Sheets:FUGI) announces greater than 2 million dollars in unaudited revenue over the last calendar year. Revenues over the last calendar year are several times greater than in any year since the companies' inception in 2005. The company expects to earn much greater gross revenues during 2011 due to the fact that this year's concert schedule already has an increased number of bookings over 2010, and other scheduled special events that will be announced in the near future.
Management of Fuego Enterprises is in the process of implementing a series of strategic actions to benefit the company and improve shareholder value:
1) All outstanding unaudited financial statements to be filed by the end of Jan., 2011.
2) Appoint a new SEC approved auditor to audit all unaudited financial statements with the goal of returning to SEC fully reporting status which is required for returning to the OTCBB.
3) Reduce the Authorized Shares to a total of 100 million.
4) Return to the treasury and cancel at least 800 thousand outstanding shares.
At no time since its inception in 2005 has the company engaged in any type of capital financing. The steadily increasing revenue from all sources; concerts, merchandising and promotion of special events have resulted in the company becoming self financing. Fuego now has sufficient capital and cash flow such that there is no intention in the foreseeable near future of entering into any type of capital financing.
Sometime during January the company will be announcing a specific day and time for a conference call with an open invitation for all shareholders and prospective shareholders to participate. In that conference call Mr. Hugo Cancio will be providing an update on what has been happening with the company over the last year and our plans for 2011. After providing an overview of our future plans Mr. Cancio will engage in a Q&A session with the participants.
CONTACT: Fuego Enterprises, Inc.
Dan York
Investor Relations
214 675-2531
ir@fuegoentertainment.net
Fuego Enterprises Inc. Highlights Increased Concert Scheduling for Cuban Music "All-Stars" for 2011
Fuego Enterprises, Inc. (Pink Sheets:FUGI) proudly announces that it's Fuego Entertainment division has currently scheduled more than 70 concerts in clubs and concert halls throughout the US with additional contracts in negotiation for 2011.
Hugo M. Cancio, President of Fuego Enterprises Inc. stated, "We are proud to produce and provide to American audiences nationally, Cuban and World Music artists who will bring their unique and wildly popular musical styles to the United States and to expose a new generation to Cuban music and culture." This enhanced schedule and additional artist participation compares to only 38 concerts held during 2010. In addition Fuego Entertainment is producing the first ever Fuego Entertainment Cuban Music World Festival, featuring an all star Cuban music lineup, to be held in the Miami area this spring. The venue for the music festival will seat 60,000 people. Complete details for the music festival will be announced next week.
Fuego Enterprises believes the combination of the music tours already scheduled, additional concerts that will be scheduled during 2011 and the first ever Fuego Entertainment Cuban Music World Festival will generate substantially increased revenue than 2010. In addition, as the result of these tours, management also expects a substantial increase in merchandising, CD's and digital music sales during 2011.
Popular Cuban artists already scheduled for one or more music tours in the US during 2011 with the months they will be touring include:
Moneda Dura (March/April)
Pablo Milanes (March/April)
Habana Abierta (March/May)
Haila Mompie (March/April)
Jose Luis Cortes & NG La Banda (March/April)
Charanga Habanera (March/August)
Juan Formell & Los Van Van (March/August)
Elio Reve y su Charangon (May/July)
Vocal Sampling (May/September)
Los Confidenciales (May/August)
Habana de Primera (May/September)
Conjunto Folklorico Nacional (September)
Sintesis (September/October)
Frank Delgado (September)
Details on artists, dates, venues and ticket availability will be available shortly on www.fuegoentertainment.com
Next week the company will be announcing a specific day and time for a conference call with an open invitation for all shareholders and prospective shareholders to participate. In that conference call Mr. Hugo Cancio will be providing an update on what has been happening with the company over the last year and our plans for 2011. After providing an overview of our future plans Mr. Cancio will engage in a Q&A session with the participants.
CONTACT: Fuego Entertainment, Inc.
Dan York
Investor Relations
214 675-2531
ir@fuegoentertainment.net
AI
