ECGP Envit Capital Group Inc (CE)

The Envit Capital Group (PINK SHEETS: ECGP) today announced a strategic arrangement through its subsidiaries with comedic powerhouse, National Lampoon, Inc (AMEX: NLN). Envit has entered into a tentative agreement to fund a slate of approved selected projects with National Lampoon, including moderate budget feature films, P&A financing, video productions, and possible television development and production. The agreement may include branded comedy projects and other genre properties focused on the college demographic. National Lampoon has strong direct retail relationships with such companies as Blockbuster, Hollywood Video, and Netflix. National Lampoon has most recently increased efforts in other mediums such as deals with Comedy Central, XM radio, and a large internet network presence. Chairman, and CEO of The Envit Capital Group, Inc., Edward M. Laborio stated; "We are very excited about the potential of the proposed strategic relationship between National Lampoon and Envit Capital. Over the last four years the private equity and hedge fund industry have dedicated an estimated $15 billion for Film financing in order to take advantage of alternative investments. With current economic conditions we believe that this estimate will increase due to a large amount of wealth leaving traditional equity investments. Envit intends to take advantage of the brand name National Lampoon, which has had a massive presence in the comedic entertainment industry since 1967. Movies such as Van Wilder, Animal House and the Vacation series are staples in consumers DVD libraries. We are embarking on this relationship with the anticipation that together with National Lampoon we will be able to bring successful movies like these to theaters across America and in consumer�s homes for years to come. We anticipate exploring additional opportunities in future film financing projects outside of the National Lampoon brand. In the United States, the movie and entertainment industry generated approximate revenues amounting to $48 billion in 2007 and is forecasted to grow substantially within the next five years. The sale of videos and box office sales accounts for about 80% of the revenues generated and the United States is also the world leader with 43% of the market share. With these statistics, it shows that there is great potential for Envit Capital National Lampoon to engage in projects with substantial positive returns. Envit also intends to establish the necessary facilities to have presence in Hollywood / Los Angeles, California.� About Envit The Envit Capital Group, Inc. operates as a holding company for financial entities, investor partnerships, and asset management subsidiaries. The company is headquartered in Boston, Massachusetts. About National Lampoon National Lampoon, Inc. has been a dominant force in the US comedy world for almost 40 years, and is currently active in a broad array of media and entertainment segments. These include feature films, television programming, online and interactive entertainment, home video, audio, and book publishing. The Company also owns interests in all major National Lampoon properties, including National Lampoon�s Animal House, the National Lampoon Vacation series and National Lampoon�s Van Wilder. National Lampoon reaches nearly one in four of all 18 to 24 year old college students in America today. For more information contact: Edward Laborio at Envit Capital Group, Inc., headquartered in Boston, Massachusetts at 99 Summer Street; 17th Floor Boston, MA 02110 (617)-542-3333. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.