Bongiovi Entertainment, Inc. Reports That NASD Mistakenly Placed ``E'' On Symbol.

Entertainment Editors/Business Editors

PORT ST. LUCIE, Fla.--(BUSINESS WIRE)--Feb. 21, 2003

Bongiovi Entertainment, Inc. (OTCBB:BGVI) announced that as of the open of the market today, the Company's trading symbol has inadvertently received an "E" due to a clerical error at the NASD. The NASD was not aware of the Company's change in year end from June 30 to December 31 and was therefore looking for a Form 10Q to be filed last week when in fact a Form 10K will be filed as of the new year end. The Form 10K is not due until March 31. The correction will be noted in the Daily List section of the OTCBB later today and the symbol will be corrected at the open of the market on Monday and will resume trading under the correct symbol, BGVI.

About Bongiovi Entertainment, Inc.:

Bongiovi Entertainment, Inc. (http://www.bongiovi-entertainment.com) is an entertainment content provider and independent record label, whose market is the global entertainment/music consumer. The Company has put together a management team consisting of well-known music & recording industry professionals who have been involved in the development, launch and support of several world-renowned entertainers.

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information included in oral statements or other written statements made or to be made) contains statements that are forward-looking, such as those relating to consummation of transactions, anticipated future revenues and/or success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.