Ameridream Entertainment, Inc. Announces Acquisition of `Autograph' Television Series; Award-Winning Television Series Is the First in the Company's Slate of Intended Acquisitions.

Entertainment Editors/Business Editors

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Oct. 6, 2003

Ameridream Entertainment, Inc. (Pink Sheets: AMDR) announced today that it has acquired the award-winning celebrity biography television series, "Autograph" (www.auotograph.tv), as well as the "Autograph" trademark, in exchange for 7 million shares in company common stock. The "Autograph" series of 26 celebrity biography programs was recognized this January at the prestigious New York Festivals with a Bronze Medal in the category of biography/profile, over such contenders as E! Entertainment Television's "True Hollywood Stories," and its biography on Janet Leigh won a Globe Gold award at the World Media Festival in Hamburg in May 2003.

The first season of "Autograph," offered at MIPCOM in Cannes this year by O2C Distribution (www.o2c.us), is a series of 26 brand new 30-minute-format shows, including interviews with Michael Caine, David Carradine, Tim Conway, Bo Derek, Robert Duvall, Ben Kingsley, Martin Landau, Janet Leigh, Laura Linney, Michelle Phillips, and Michael York. Production has already begun on the second season of 22 more shows. "Autograph" is hosted by actress Agata Gotova, who will have the leading role with an all-star cast in the film "Once Upon a Time in Paris," scheduled to be shot in Moscow, Paris and California next summer.

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 AmeriDream Entertainment 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 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. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.