LOS ANGELES, May 20, 2010 (GLOBE NEWSWIRE) -- Camelot Entertainment Group, Inc. (OTCBB:CMGR) ("Camelot") announced today that Camelot Distribution Group ("CDG") has acquired a Sundance and SXSW official selection, Skateland, starring Shiloh Fernandez ( Cadillac Records, The Girl with the Red Riding Hood) and Ashley Greene ( Twilight Saga). CDG obtained all foreign rights to the film, while CAA holds domestic representation.

Skateland is a Freeman Film production written and produced by Anthony Burns, Brandon Freeman, and Heath Freeman and directed by Anthony Burns. 

"The teenage female demographic is driving a larger portion than ever in box office and home entertainment sales, illustrated by The Twilight Saga and Dear John," stated President of Distribution Jamie Thompson. "After screening Skateland at Sundance, we immediately saw its potential within the market niche."

"We are excited to be working with Camelot on foreign distribution," stated Brandon Freeman, President of Freeman Film. "It is clear that Camelot shares our passion and enthusiasm for Skateland – coupled with an established platform and a focused strategy, we are confident in their success."

Set in the early 80's in small-town Texas, Skateland follows the summer of life-changing events for 19-year-old skating rink manager Ritchie Wheeler. The soundtrack includes music by New Order, Blondie, Def Leppard, Talking Heads, and A Flock of Seagulls.

ABOUT FREEMAN FILM

Freeman Film LLC is a development, financing and production company owned by Freeman Group LLC, a Dallas-based private investment firm. For information about Freeman Film LLC, please visit the company's web site at www.freemanfilm.com

ABOUT CAMELOT ENTERTAINMENT, INC

Camelot Entertainment Group, Inc. is a U.S. 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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