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LAS VEGAS ENTERTAINMENT NETWORK INC. MERGER AGREEMENT

 MARINA DEL REY, Calif., Oct. 25 /PRNewswire/ -- Las Vegas Entertainment Network Inc. (NASDAQ: LVEN) announced today that although Winners Entertainment Inc. (formerly Excalibur Holding Corporation) has announced that it does not intend to proceed with its merger agreement with the company, the company believes that such agreement is enforceable. In the event Winners Entertainment Inc. does not proceed with the merger, the company will pursue all of its legal remedies pursuant to such agreement, including injunctive relief if applicable.
 The company produces "Las Vegas Tonight," a fast-paced magazine style program featuring the incomparable entertainment and entertainers of Las Vegas which debuted to a European audience last New Year's Eve via the prestigious broadcast channel France 3. Guest stars appearing in the company's premiere program included Liza Minnelli, Tina Turner, Paul Anka, Debbie Reynolds, Siegfried and Roy, and Alabama.
 The company is also developing a gaming and resort destination business.
 -0- 10/25/93
 /CONTACT: Joseph Corazzi, president of Las Vegas Entertainment Network Inc., 310-551-0011/
 (LVEN)


CO: Las Vegas Entertainment Network Inc.; Winners Entertainment Inc. ST: California, Nevada IN: ENT CNO SU: TNM

CK-LD -- NY104 -- 6522 10/25/93 16:39 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:191
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