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Microcap & Penny Stocks : EBLD - Entertainment Blvd -- Ignore unavailable to you. Want to Upgrade?

To: buckshot who wrote (2550)	5/26/1999 12:23:00 PM
From: Gator	Respond to of 3838

Entertainment Boulevard Provides Update to Investment Community MARINA DEL REY, Calif.--(BUSINESS WIRE)--May 26, 1999-- Entertainment Boulevard, Inc. (NASD OTCBB: EBLD) operator of entertainment websites including Vidnet, Screen Clips, Netfomercial and Pro Sports Net, has issued the following update to the investment community: The external audit is being performed by the accounting firm of Singer Lewak, Greenbaum & Goldstein. The estimated completion date is June 10, 1999. Private Placement, as per the press release dated April 29, 1999, was to be completed by May 20, 1999. As this time has expired, the Company is in the process of renegotiating. Board members with substantial industry experience will be joining the board upon the completion of the audit. ''I appreciate the patience and understanding of the investment community,'' said Stephen Brown, President and CEO of Entertainment Boulevard. ''We look forward to a long and prosperous future due to the many strategic alliances that Entertainment Boulevard has formed. Our continuous development of additional strong alliances will only help Entertainment Boulevard achieve its goal of being one of the premiere streaming content and e-commerce providers on the Internet.'' Note to Editors: Forward looking statements in this press release are made pursuant to the ''Safe Harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, the continued popularity of the Company's websites and product orders stemming therefrom, increased levels of competition, technological change, dependence upon third party suppliers, and other risks. Contact: Entertainment Blvd. Art Brown, 877/711-7788