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Fuego Enterprises Inc. Appoints New Auditor

MIAMI, Feb. 2, 2011 (GLOBE NEWSWIRE) -- Fuego Enterprises, Inc. (Pink Sheets:FUGI) today announced the appointment of De Joya Griffith & Company, LLC., Certified Public Accountants & Consultants as auditor. Edward Steinback, Fuego's Chief Financial Officer, commented, "Our new audit firm  De Joya Griffith & Company  has been retained to provide us with the professionally audited financial statements for inclusion in 10K & 10Q filings with the Securities Exchange Commission needed to meet the requirements to resume our listing on the OTC Bulletin Board as a fully reporting company. I look forward to working closely with them in completing this process and on an ongoing basis as our company grows and our financial reporting needs expand."

On Monday January 31, 2011 shareholders and prospective shareholders participated in a telephone conference call with Mr. Hugo Cancio, President and CEO of Fuego Enterprises. During the call Mr. Cancio discussed current operations and future plans of the company and then took questions from participants. Anyone interested in listening to a recording of the conference call may phone 760 569-7966 and enter access code 883043. The recording is also available on the company web site on the investor relations page.

About Fuego Enterprises, Inc.:

Fuego Enterprises, Inc. is a diversified holdings company with operations in media and entertainment, telecommunications, and other industries currently under development. Fuego Enterprises is based in the U.S. with a focus on Latin markets. For more information, please visit Fuego Enterprises at www.fuegoentertainment.net

This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Enterprises, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

CONTACT: Fuego Enterprises, Inc.
         Dan York
         Investor Relations
         214 675-2531
         ir@fuegoentertainment.net

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