Fuego Entertainment Licenses the Music Library Catalogue of Ciocan Entertainment and Music Group, Inc. and Creates its own Music Division called Fuego Entertainment Music International (FEMI)

“Fuego Entertainment, Inc. (OTC: FUGO) (BULLETIN BOARD: FUGO) today announced an exclusive licensing agreement with the music library catalogue of Ciocan Entertainment and Music Group, Inc. and the start of Fuego Entertainment Music International (FEMI), Fuego’s new music division.

Ciocan Entertainment and Music Group, Inc. is a company owned and managed by our Hugo Cancio, our CEO, and the terms of the licensing agreement are for five years (with a five year option) and a 10% royalty to Ciocan based on net sales. This agreement licenses 15 finished albums and two different artists who are exclusively recording with Ciocan for the release of other future projects. FEMI will target the non-Hispanic markets with this content and develop the past marketing efforts of Ciocan to the Latin customer base.”

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