Golf Entertainment Announces Expansion Plans, Corporate Governance; Expansion Includes New Stations, Programs.

Business/Entertainment Editors & Hispanic Writers

SPRINGDALE, Ark.--(BUSINESS WIRE)--Jan. 14, 2002

Golf Entertainment, Inc. (OTCBB: GECC)(OTCBB: GECCP) announced Monday that it has instituted a corporate governance plan. Dr. Tim Brooker, the new CEO of Golf said, "Although not required, we're implementing management controls that will result in the company being run as if it were still a NASDAQ listed company, in anticipation of eventually applying for relisting." The company, previously listed as a NASDAQ small-capital issue, has traded on the NASD over-the-counter system for the last two years.

Company management believes the plans for growth will result in the company meeting NASDAQ small-cap listing requirements sometime in this fiscal year. That growth, Brooker said, will occur as the result of acquisitions of existing stations and the building of new ones.

The expansion goals the company lists for the first half of fiscal 2002 include establishing two additional TV stations in Alabama, three in Arkansas, two stations in Mississippi, two in Oklahoma, and one each in Virginia, Tennessee, Georgia and North Carolina. Each of the thirteen new locations will be fed with a mixture of Hispanic Television Network (OTCBB: HTVN) programming and local advertising insertions and news reporting.

According to Brooker, "Another important element in our expansion plan is development of original Spanish language programming." The company will make a formal programming proposal to HTVN later this week for two national, weekly Spanish-language shows. "Latino Fisherman," will be hosted by professional fisherman Marcos Padilla. It features an exciting mixture of freshwater fishing trips on various lakes throughout the U.S. The second show is a unique children's game and entertainment program. The company also anticipates providing satellite uplinked live coverage of various regional adult amateur soccer events.

The company said it has other programs "on the boards" and will commence taping of pilots later this month. Taping of "Latino Fisherman" is scheduled to begin late March. The company now owns three boats equipped as digital TV production platforms. Brooker said Golf is taking extensive advantage of new low-cost digital storage and editing systems such as Applied Magic's "Screenplay" to keep production costs down.

In order to pay for the expansion, Golf will launch an initial $5 million dollar round of Rule 506 private fundraising in the first quarter.

Special Note

This press release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and results of the Company's business include but are not limited to (i) technology changes in the television business, (ii) the success of the Company's expansion and marketing strategies, (iii) competition within the industry, (iv) the ability of the company to raise capital, and (v) the ability of the Company to motivate and retain the services of its key personnel to meet evolving staff requirements.