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Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/camelo5/public_html/news/wp-includes/functions.php on line 43

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/camelo5/public_html/news/wp-includes/functions.php on line 35

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/camelo5/public_html/news/wp-includes/functions.php on line 35

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/camelo5/public_html/news/wp-includes/functions.php on line 43

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/camelo5/public_html/news/wp-includes/functions.php on line 43

CAMELOT PLANNED ACQUISITIONS MOVING FORWARD

Company Looking to Maintain Momentum in 2010 as it Continues Expansion in Distribution and Production

Universal City – (December 30, 2009) Camelot Entertainment Group, Inc. (OTCBB:CMGR) (“Camelot”) announced today that definitive agreement negotiations are continuing on three corporate acquisitions previously disclosed as Camelot wraps up a busy 2009. Once the definitive agreements are finalized, subject to successful completion of the necessary financing, Camelot hopes to close the transactions during the first quarter of 2010. The financing structures of the planned acquisitions, in areas considered core to its strategic focus on content and production, are being guided by the company’s investment banking advisors Somerset Capital and Holmes, Hollister & Co. In addition, Camelot expects to continue expanding its domestic and international distribution activities in 2010 while ramping up its production schedule.

Camelot made significant progress in 2009, expanding its distribution operation with the addition of Jamie Thompson as President of Camelot Distribution Group (“CDG”) and Jessica Kelly as Director of Marketing for CDG. Camelot unveiled its genre division DarKnight Pictures (“DKP”). Camelot established its initial library in 2009 with CDG and DKP acquiring the worldwide distribution rights to several films with plans to acquire five to seven films prior to each major film market in 2010. Camelot secured $3 million in additional funding scheduled to come in over a twenty-four month period, and opened distribution offices in Universal City, California and a distribution and production drop in office in London, England, while re-establishing Camelot Films U.K. Ltd.

Camelot launched its new web site, www.camelotent.com, while Camelot Studio Group initiated discussions for potential studio sites in Las Vegas, New Orleans, and Miami, while continuing to pursue opportunities in Orange County, CA.

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