OTCDD

[xxrayeyes]

AMDR (OTCBB) AAmeriDream Entertainment to Recall Stock Certificates

WEDNESDAY, DECEMBER 18, 2002 08:05 AM

BERMUDA DUNES, Calif., Dec 18, 2002 (BUSINESS WIRE) -- The board of directors of AmeriDream Entertainment Inc. (OTCBB:AMDR) today announced that it has authorized the officers of AmeriDream to recall its stock certificates and to reissue new certificates to its shareholders in order to change the color and number on the certificates.

This is anticipated to take place immediately. Shareholders will be notified as to the procedures for making the exchange.



About AmeriDreamEntertainment Inc.
(http://www.ameridreamentertainment.com)


AmeriDreamEntertainment is a Coachella Valley, Calif.-based major motion picture and television production and distribution company, that was founded and incorporated in California. AmeriDream bases its future on public and industry financing.

The AmeriDream companies will utilize its officers, directors and consultants to establish new production, co-production and distribution relationships throughout the world.

AmeriDreamEntertainment has headquarters at 79811 "A" Country Club Dr., Bermuda Dunes, Calif. 92201; phone: [phone]; fax: [phone] or 800/929-6147 for the United States & Canada.


Safe Harbor Statement


This news release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of l933 and the Securities Exchange Act of l934, as amended by the Private Securities Litigation Reform Act of l995. Those statements include statements regarding the intent, belief or current expectations of AmeriDreamEntertainment Inc. and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are based upon current expectations of management and actual results and outcomes may differ materially from those contained in such forward-looking statements in this news release. Important factors currently known to management that could cause actual results to differ materially from those in forward statements include the ability of management to gain approvals from the board of directors of both companies, as well as regulatory approvals, unforeseen claims in connection with the intellectual property rights assets, fluctuation of operating results, the ability to compete successfully, the ability to revise forward-looking statements to reflect changed assumptions and the occurrence of unanticipated events or changes to future operating results.


CONTACT: Market Pathways (for AmeriDreamEntertainment)
Shannon T. Squyres (investor relations), 949/955-1860

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