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CenterStaging Corp. Announces $3,000,000 Securities Purchase Transaction.


BURBANK, Calif. -- CenterStaging Corp. (CNSC CNSC Canadian Nuclear Safety Commission (formerly the Atomic Energy Control Board, AECB)
CNSC Chinese Newcomers Service Center
CNSC Churchill Northern Studies Centre (Canada)
CNSC Creative Needle Sewing Club
.ob) - CenterStaging Corp. announced today that on January 16, 2007, the Company closed on a $3,000,000 private placement of its securities with two institutional investors Institutional Investor

A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions.
. The transaction consists of a 10% Convertible Debenture Convertible Debenture

Any type of debenture that can be converted into some other security.

Notes:
For example, a convertible bond can be converted into stock.
 due December 31, 2008 in the principal amount of $3,000,000 along with warrants to purchase 3,000,000 shares of the Company's common stock for $1.10 per share. The specifics of the transaction are available in the Company's 8-K filed on January 22, 2007. HPC (Handheld PC) A palmtop computer that weighs less than one pound and runs specialized versions of popular applications. Microsoft coined the term for its Windows CE operating system, which is an abbreviated version of Windows. See Pocket PC.  Capital Management acted as the exclusive placement agent on this transaction.

Howard Livingston, Chief Financial Officer of CenterStaging, commented, "This infusion of capital will allow the Company to continue to aggressively implement its business plan, including the expansion and multi-platform distribution of our content library, which includes such notables as our `Lessons from the Legends' series." Livingston continued, "We are extremely appreciative of the efforts of HPC Capital in facilitating this transaction."

About CenterStaging Corp.

CenterStaging Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CNSC) is a public company based in Burbank, CA with an office in Bensalem, PA and is the parent company of CenterStaging Musical Productions, Inc. and its division rehearsals.com. The Company provides rehearsal and production services for all facets of the entertainment industry. The 150,000 square foot facility features 11 rehearsal studios, one sound stage, a high-definition broadcast center, thousands of musical instruments and backline backline

the upper outline of the body's silhouette viewed from the side.
 equipment in Burbank, CA. The facility houses rehearsals.com which is envisioned as a gateway into the professional artist's workshop, and provides streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater.  as well as digital audio programming, exclusive performances, candid artist interviews and intimate lessons from the masters. The teaming of CenterStaging and rehearsals.com mounts a powerful vertically integrated entertainment model that not only develops and produces content, but will deliver compelling programming to an online audience.

Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 

All statements made in this press release other than statements of historical fact, including statements that address operating performance, events or developments that management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations Funds From Operations (FFO)

Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back.
, statements expressing general optimism about future operating results and non-historical information, are forward-looking statements. In particular, the words "believe," "expect," "intend," "anticipate," "estimate," "may," "will," variations of such words, and similar expressions, identify forward-looking statements, but are not the exclusive means of identifying such statements, and their absence does not mean that the statement is not forward-looking. These forward-looking statements are subject to certain risks and uncertainties, including those discussed below. The Company's actual results, performance or achievements could differ materially from historical results as well as those expressed in, anticipated or implied by these forward-looking statements.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 23, 2007
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