BSEG Big Screen Entertainment Group Inc (PK)

Big Screen Entertainment Group, Inc. (OTC: BSEG) announced today that a general investors conference call will be held on Thursday, October 23rd, 2008, at 10:00 a.m. Pacific Standard Time, to discuss the financial condition of the company as well as the restructuring of its outstanding common and preferred share capital which will include a plan to benefit shareholders and the company for future growth and expansion. The call is open only to existing shareholders of the company who RSVP to the company, prior to October 23rd, at 323.956.4321, 10:00 a.m. through 6:00 p.m. Pacific Standard Time. �The company has passed its seed capital phase and is now in its growth phase, and is seeking additional means of expansion,� according to a statement issued by BSEG�s Board of Directors. �Restructuring the common share capital and eliminating preferred shares is seen as an effective way to move the company past this phase and attract new accredited and institutional investors.� When current management came on board in September 2004, the company had one uncompleted film in its portfolio, a large amount of debt and a substantially diluted stock. Over the past four years, BSEG cleaned up most of the original debt, instituted a buyback in 2006, completed six feature films, some of which have garnered critical acclaim, premiered at the world�s top film festivals and received domestic and international distribution through the industry�s largest retail outlets including WalMart, Blockbuster Video and Net Flix. �BSEG has become a viable player in the international entertainment industry in a very short time. The fact that we started this journey in one of the most competitive fields in the world with no capital to speak of is quite remarkable and I am very proud of how far we�ve come,� commented Senior VP, Michael Manasseri. �The company is now ready to move into a new phase of development, and is primed for tremendous growth and expansion. We have established a solid foundation with our production partnerships and a distribution division for increasing company cash flow. We look forward to sharing our plans with our shareholders,� stated BSEG�s CEO Kimberley Kates. ABOUT BIG SCREEN ENTERTAINMENT GROUP Big Screen Entertainment Group (BSEG) is a full service entertainment company designed to develop, produce, purchase, exhibit and distribute products in all media formats, including motion pictures, television, music, publishing, video games and cell phone content. BSEG currently has sales reps for their numerous titles at MipCom. BSEG will be selling a large catalogue of films at this year�s American Film Market held November 5th to 12th. Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements.