LOS ANGELES, May 6, 2010 (GLOBE NEWSWIRE) -- Camelot Entertainment Group, Inc. (OTCBB:CMGR) ("Camelot") announced today that DarKnight Pictures has acquired National Lampoon's Dirty Movie, a racy comedy about an attempt to create a movie with only dirty jokes acted out. The title will premiere during the Cannes Film Festival in France on May 14, 2010.

"National Lampoon is a great brand that makes funny comedies," stated Jamie Thompson, President of Camelot Distribution Group. " Dirty Movie is a movie all about jokes –lines that many people continue to quote. We are excited about having this title and brand in our Cannes line-up."

The cast includes Christopher Meloni ("Law & Order: SVU"), Robert Klein (The Backup Plan, How to Loose a Guy in 10 Days, Two Weeks Notice), Mario Cantone ( "Sex in the City"), pop singer Cyndi Lauper ( "Celebrity Apprentice"), and Adam Ferrara ("Rescue Me", Paul Blart: Mall Cop).

The film is a Flim Flam production, written by Alan Donnes and Tanner Colby, directed by Jerry Daigle, and produced by Alan Donnes and Jerry Daigle. Flim Flam Films teamed up with National Lampoon in 2008, announcing a slate of films that would fall under the National Lampoon banner – including Dirty Movie.

 Robert Atwell and Jamie Thompson of Camelot serve as Executive Producers.

ABOUT FLIM FLAM

Flim Flam Films is a partnership of New Orleans natives Alan Donnes and Jerry Daigle. Donnes has a long history in entertainment, including years as a stand-up comedian, a sports radio announcer, a sought-after boxing commentator, and producer of the National Lampoon Radio Hour.  In addition, he wrote the best-seller, Patron Saints, which recounts the story of the New Orleans Saints' magical 2006 season.  Donnes continues to make audiences laugh – at the movies. Daigle began producing films in 2002 with The Scoundrel's Wife, directed by Cajun filmmaker Glen Pitre. Voodoo Pictures, which Daigle manages with actor/producer Michael Arata ( Deal), has since produced a number of other movies, including American Summer, Autopsy and New Orleans, Mon AmourNational Lampoon's Dirty Movie was Daigle's directorial debut.

ABOUT CAMELOT ENTERTAINMENT, INC

Camelot Entertainment Group, Inc. is a US publicly traded company (OTCBB:CMGR) with three major divisions: Camelot Film Group, which includes Camelot Distribution Group and DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA). For information about Camelot Entertainment Group, Inc., please visit the Company's web site at www.camelotent.com

The Camelot Entertainment Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7074  

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
CONTACT:  Camelot Entertainment Group          Jonathon Russo          (772) 919-8747          stockholders@camelotfilms.com          Camelot Distribution Group          Media Contact:          Jessica Kelly          (818) 308-8858          Jessica@camelotfilms.com

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