TORONTO, March 28 /PRNewswire-FirstCall/ -- Gold Entertainment Group, Inc. (Pink Sheets: GEGP), announced today that as part of its new joint venture agreement with Reggae.com will be the launch of a new, as yet unnamed, independent music label. Gold Entertainment and Reggae.com had previously announced intentions to enter into a joint venture agreement to develop music content. Independent labels, known in the business as "indie", are among the fastest growing segment of the music publishing industry. "The launching of this music label between a multimedia company and a music portal opens many possibilities for the future," states Brian Stetten, President and CEO of Gold Entertainment. John Brodie, the President and founder of Reggae.com stated, "We're excited to be working with a talented group which will broaden our market and extend the user experience to our Web site visitors. This will open up a new direction of revenue generating opportunities and provide a great opportunity for emerging artists. We intend to focus our efforts on showcasing new talent on our music label, with the intent of becoming a strong force in the digital download market." Digital download sales of music now account for 10% of all music sales, and are growing rapidly, according to IFPI (International Federation of the Phonographic Industry). The new independent label will feature Reggae and other World / International Music artists from the U.S., Caribbean, and the rest of the world. The "Legend" album (1984), by Reggae giant Bob Marley, is the best-selling reggae album ever, with sales of more than 12 million copies according to Encyclopedia Britannica, 2006. About Gold Entertainment Gold Entertainment Group, Inc. (Pink Sheets: GEGP) is a broad based entertainment company focusing on the creation and distribution of content for Television, IPTV and the Internet. Gold Entertainment's initial focus is the music entertainment market, specifically showcasing emerging talent. Gold Entertainment seeks to become a leading brand name in the distribution of music entertainment. Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Gold Entertainment Group, Inc. disclaims any intention or obligation to revise any forward- looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies. DATASOURCE: Gold Entertainment Group, Inc. CONTACT: Investor Contact, +1-647-477-2215 Web site: http://goldentertainment.com/

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