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2010 Record Year for Camelot

Company Reached New Highs in Gross Sales, Revenues; 2011 Expected to Surpass 2010

Universal City, CA – (December 31, 2010)  Camelot Entertainment Group, Inc. (OTCBB: CMGR) (”Camelot”) announced today that 2010 was expected to be a record year for the entertainment company in both gross sales and revenues.  Gross sales for 2010 are expected to exceed $2,200,000, with revenues expected to exceed $500,000.  Camelot anticipates this trend will continue into the New Year, with 2011 gross sales expected to surpass $6,000,000 and revenues expected to exceed $2,000,000.

Our sales and revenues are being spurred by the Company’s rapidly growing Camelot Distribution Group subsidiary, which now has a film, television and digital media library with more than 900 total titles, including approximately 220 titles available for immediate delivery.  Both Camelot Distribution and DarKnight Pictures, the two divisions of Camelot Distribution Group, expect to add a number of major titles in 2011.  In addition, the Company continues to negotiate the anticipated acquisition of at least two additional distribution entities, which, if completed, could add up to an additional 500 or more titles to the library.

The Company now has 22 full and part time employees and major consultants as it prepares to continue expanding its production and distribution operations during 2011.  Further, the Company plans to continue to bolster its management team and its Board of Directors during the upcoming year.

One Response to “2010 Record Year for Camelot”

  1. Nelson says:

    This sounds like very good news. I hope its for real.

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