( BW)(NV-MEDIA-AND-ENTERTNMNT)(MEDE) Media and Entertainment.com Signs Letter of Intent to Partner with a Leading Hollywood Music and Entertainment Production Company

Business Editors

LAS VEGAS--(BUSINESS WIRE)--June 19, 2002--

MEDE and CenterStaging to Combine Resources and Technologies to Offer Latest Wave of Content Services

Media and Entertainment.com Inc. (OTCBB: MEDE), a leading provider of integrated software solutions for customers that require a trusted and secure environment for Web-based content and e-business, Wednesday announced it has entered into a letter of intent with CenterStaging Inc.
The proposed venture calls for CenterStaging to provide resources and production facilities that will aid Media and Entertainment in the reception and encoding of satellite transmissions for a variety of live and Video on Demand (VOD) content.
"We are extremely excited about the potential of this partnership with CenterStaging," said Roger Paglia, chief executive officer of Media and Entertainment Inc. "We are in essence building a state-of-the-art lab that will allow us to download content from our global client base via satellite transmissions for editing and encoding.
"In addition, this robust open-architecture facility is intended to offer an unprecedented file transfer protocol, thereby enhancing the quality of digital transmissions for Internet-bound audio and visual content. Our objective is to provide a lucrative new revenue stream and a high-profile outlet for each of our technological capabilities."
Partnering with Media and Entertainment enables CenterStaging to leverage its Production Studio environment in order to enhance the value of Media and Entertainment's services to CenterStaging's customers. The branded joint venture will incorporate a combination of the two companies' resources to transform audio, video and text assets into a dynamic medium for Live, Pay-Per-View and Video on Demand services.
"This new venture with Media and Entertainment allows CenterStaging to broaden the scope of services it can offer to its prestigious list of clients," noted Johnny Caswell, vice president of CenterStaging Inc. "We have built a successful business model and developed a reputation as the premier source for cutting-edge equipment and production services for all major music events worldwide.
"Our facilities and services are regularly used by Hollywood's most elite performers and producers. By integrating Media and Entertainment's proprietary technology into this brand new state-of-the-art facility, we will raise the bar in the quality of service for integrated media, and reinforce our position as a leader in the industry."
Both companies present valuable resources and technological benefits which should result in a powerful value-added service to greatly enhance the ROI for their shareholders in the new Internet economy.
"Customers are seeking increased security, efficiency and cost-effectiveness in their eBusiness transactions and look to skilled services partners to provide comprehensive solutions," added Jan Parent, president of CenterStaging Inc. "This new partnership with Media and Entertainment is intended to allow our two companies to expand our world-class services that transform IT technologies into business solutions."
The new revenue sharing venture will target all types of custom markets with its offering, from corporate enterprises, educational institutions and governmental organizations to entertainment companies and the media as a whole.

About Media and Entertainment.com

Media and Entertainment.com is a growth-oriented, multifaceted entertainment and technology company providing integrated advertising, media management/communications technology and Internet technology-related products to the entertainment, motion picture, music industry and global technology markets at extremely competitive prices.
The continued growth of its business is expected to be facilitated through the formation of new strategic partnerships and alliances.

About CenterStaging Inc.

CenterStaging, located in Burbank, Calif., maintains and operates the most prestigious and well-appointed rehearsal studio in the United States, hosting and providing support for the entertainment industry's most popular musical stars and performers.
The company provides production support for nearly every musically related television award show, including The Grammy's, The American Music Awards, The MTV Video Music Awards, The Academy of Country Music Awards and The Golden Globes as well as popular programs such as The Tonight Show, The Rosie O'Donnell Show, The Today Show and Late Night with David Letterman.
CenterStaging's 100,000-sq.-ft.-plus production facility with its 10,000-sq.-ft. Soundstage One, 15,000 sq. ft. of production facilities and 11 studios, has been home to Black Entertainment Television for three years and has been used for a variety of high-profile productions, including The BET Live Show, Oh Drama, Garth Brooks Live, Lenny Kravitz in Concert and The Halle Berry hallewood.com Party.

This release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company's ability to execute a joint-venture agreement combine resources with CenterStaging, offer an unprecedented file transfer protocol, provide a lucrative new revenue stream and a high-profile outlet for each of our technological capabilities, produce a dynamic new medium, produce a powerful value-added service to greatly enhance ROI for the companies' shareholders, and for the two companies to expand their world-class services.
Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such forward-looking statements involve certain risks and uncertainties.
The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.