( BW)(NV-MEDIA-&-ENTERTAINMNT-2)(MEDE) Media and Entertainment.com Announces Close of Matthews Affiliated Production Acquisition, New Clients

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Aug. 8, 2001--Media and Entertainment.com, Inc. (OTCBB:MEDE), a leader within the rapidly growing communications sector, today is pleased to announce the completion of the Matthews Affiliated Productions, Inc. asset acquisition.
As part of the purchase Media and Entertainment.com acquired advertising and related services with a diverse client base. Media and Entertainment.com, Inc will introduce Matthews Affiliated Productions, Inc. to the Las Vegas Nevada market through newly formed strategic alliances.

About Media and Entertainment.com

Media and Entertainment.com is a growth oriented multi-faceted entertainment company incorporating Television and Motion Picture Production facilities and Production Office buildings at multiple locations, the production and distribution of content worldwide and incorporates a full service advertising-media company under its domain. The continued growth of its business will take place through acquisitions of synergistic companies and through the formation of strategic partnerships and alliances.

Forward-looking statements contained in this news release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results of events to differ materially from those anticipated in such forward-looking statements.