Gold Entertainment Group Prepares to Enter $12 Billion Indie Music Industry

Gold Entertainment Group Prepares to Enter $12 Billion Indie Music Industry

TORONTO, Sept. 10 /PRNewswire-FirstCall/ -- Gold Entertainment Group, Inc. (Pink Sheets: GEGP) is pleased to announce that the Company is preparing to take the remaining steps to launch its own independent, or indie, music label. This will solidify the joint efforts of Gold Entertainment Group and Reggae.com to create an innovative, new indie music label with a focus on digital music sales.

The independent record label industry captures 30% of all music sold globally, with the remaining 70% from the four major labels; Vivendi's Universal Music, Sony BMG, EMI Group, and Warner Music Group. The global music market is currently estimated to be between $40 and $48 billion. Industry reports differ in the exact amount of sales, but it is believed that 30% of that global music market belongs to indie labels, which equates to $12 to $16 billion in annual sales. Indie labels now account for more than 900 million units sold annually.

"This is a very exciting time for us, as we approach the conclusion of over six months of hard work and planning. Our partnership with Reggae.com has been instrumental and we look forward to continued cooperation and development with them," stated Brian Stetten, President and CEO of Gold Entertainment Group, Inc.

About Gold Entertainment Group, Inc.:

Gold Entertainment Group, Inc. (Pink Sheets: GEGP) is a broad based entertainment company focusing on the creation and distribution of content for Television, IPTV and the Internet. Gold Entertainment's initial focus is the music entertainment market, specifically showcasing emerging talent. Gold Entertainment seeks to become a leading brand name in the distribution of music entertainment. (www.goldentertainment.com)

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

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Source: Gold Entertainment Group, Inc.

CONTACT: Investor Relations, +1-866-THE-APPL(E),
www.goldentertainment.com

Web site: http://www.goldentertainment.com/
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Profile: International Entertainment