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Entertainment International, Ltd. Signs Letter of Intent to Acquire European Multimedia Group AB ('EMG').

Company Also Continues to Move Forward with Planned Acquisition of WeBeCD

ORLANDO, Fla., Nov. 20 /PRNewswire/ --

Entertainment International, Ltd. (OTC Bulletin Board: ENTI), based in Orlando, Florida, announced today that it has signed a Letter of Intent to acquire EMG, a private multimedia company headquartered in Malmo, Sweden that is engaged in the business of representing artists and recording companies to the international music industry, licensing and sub-licensing musical content and creating and selling special premium products including through direct response television. EMG's current client list includes Kenny Rogers, John Denver, Little River Band, Ringo Starr and selected artists from Trans Continental Records artist roster.

EMG's subsidiary companies each contain a separate division that concentrates on the sale of music oriented special products and premiums. EMG's client list includes Coca-Cola, Michellin Tires, Champion Spark Plugs, Guinness Ale and IKEA.

EMG's operating subsidiaries include EMG USA located in Nashville, Tennessee, whose President and CEO is Paul Zamek, a long time veteran of the music business; EMG Music AB/EHS AB, located in Malmo, Sweden whose President and CEO is Morten Dahlgren. This company specializes in multimedia products for the direct response market and it's client list includes QVC UK, QVC Germany and TV Shop.

Other EMG companies include Sondock Media Network GmbH, located in Cologne, German whose President and CEO is Mal Sondock; EMG Agency, Ltd., London, England, whose President, CEO and Founder is Eliot Cohen, and who has established a joint venture with Sony/ATV Music Publishing; and Landmark Records, Ltd., located in London, England which is the mid-price label for the EMG Group worldwide. The Company intends to begin operations in Singapore, France, Australia, Spain and Holland early next year.

The Company believes that the EMG acquisition will compliment its proposed transaction with WeBeCD that was announced earlier this year due to the ability to place the WeBeCD software on releases on a much broader international scale.

The transactions are subject to customary closing conditions but not limited to the satisfaction of certain legal requirements, due diligence, and a satisfactory review of EMG's financial statements by its auditors, KPMG. Although there can be no assurance that either transaction will be consummated, or on what terms, the Company expects to complete both acquisitions following the special shareholders meeting on December 28, 2000 in Orlando, Florida.

Gerry Helders, the Chairman and CEO of EMG in a joint announcement with Louis J. Pearlman, Chairman and CEO of ENTI stated "The merger between ENTI and EMG and the agreement between Trans Continental Records and EMG creates a major new international entertainment entity that fulfills a need in the current global marketplace and provides a creative home for Artists and music industry professionals alike."

Trans Continental Records, Inc., is affiliated with ENTI and is responsible for music sensations Backstreet Boys, 'N Sync and LFO as well as other prominent bands including O'Town, Take Five, C Note and Marshall Dillon. During the past five years, Trans Continental's acts have grossed in excess of $2 billion through sales of CD's, touring, and merchandise.

Louis J. Pearlman, the President of Trans Continental Records, Inc., will continue to be the Chairman of ENTI and will continue to play an active role in the Company's business and affairs.

EMG is located in Malmo, Sweden, Box 60315, Krossverksgatan 7 F, 216 08 Malmo, Sweden and their website address is: http://www.emg-ab.com.

This press release contains forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors. Other risks are reflected in ENTI's filings with the Securities and Exchange Commission.
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Publication:PR Newswire
Date:Nov 20, 2000
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