( BW)(NV-MEDIA-&-ENTERTAINMENT)(MEDE) Media and Entertainment.com Reports Third Quarter 2001 Results

Business Editors/Entertainment Writers

LAS VEGAS--(BUSINESS WIRE)--Nov. 19, 2001--Media and Entertainment.com Inc. (OTCBB: MEDE), a rapidly growing leader in communications services for the entertainment industry, Monday announced the results of its third quarter ending Sept. 30, 2001.
For the quarter, the company recorded a net loss of $118,991 or $0.02 per share on revenues that increased to $96,838. Continuing its steady growth pace, Media and Entertainment.com has recorded over 91 percent of all of its total historical revenues since January 2001.
For the year to date, Media and Entertainment.com recognized $239,377 in revenues. After the deduction of cost of goods sold in the amount of $36,914, the company experienced a gross profit of $202,463. The company incurred a net loss of $129,828 after deducting total expenses on $332,291.
Media and Entertainment.com plans to continue raising equity capital to finance the operating and capital requirements of the company and to further develop its products, marketing and equipment.
On July 31, 2001 Media and Entertainment.com executed an asset purchase agreement with Matthews Affiliated Productions whereby the company purchased all of the assets of Matthews in an all-stock transaction. On Aug. 16, 2001 the company also executed an asset purchase agreement with Nexcode Inc., whereby it purchased all of the assets of Nexcode in an all-stock transaction.

About Media and Entertainment.com

Media and Entertainment.com is a growth-oriented multi-faceted entertainment company consisting of television and motion picture production facilities and production office buildings at multiple locations, services for the production and distribution of content worldwide and a full-service advertising-media agency.
The continued growth of its business is expected to be facilitated through further acquisitions of synergistic companies and through the formation of strategic partnerships and alliances.

This release contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. 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.