2004-11-17 06:31:05
Family Room Receives Funding

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Business Editors / Entertainment Editors

LOS ANGELES--(BUSINESS WIRE)--Nov. 17, 2004--
Emmett/Furla Films, a wholly owned subsidiary of Family
Room Entertainment Corporation (OTCBB:FMLY), is pleased to announce
today that it has received funding from institutional and accredited
investors, with net proceeds to the Company of $1,744,290.
Company will use the proceeds of this financing to fund (a) public
relations and publicity efforts; (b) various motion picture
development and production activities, including, but not limited to,
the acquisition of and the development of literary properties
(screenplays, books and other underlying rights), fund the production
of small independent motion picture projects; with the balance to be
utilized as (c) working capital to support the Company's planned
aggressive growth.
Co-chairs Randall Emmett and George Furla stated: "We are very
excited about the opportunities this funding commitment will afford
us. We believe this represents a vote of confidence from the financial
community with regard to our up-coming projects. We are also energized
by the idea that we will be able to aggressively focus on company
growth and acquiring new projects for the near to mid-range future."
Emmett/Furla Films, a wholly owned subsidiary of Family Room
Entertainment, is currently prepping two $25 million plus projects:
"88 MINUTES," with James Foley at the helm, and "THE CONTRACT," with
two-time Academy Award Nominee Bruce Beresford directing. Currently in
postproduction is Emmett/Furla's "EDISON," writer/director David
Burke's feature film debut. "EDISON" stars Morgan Freeman, LL Cool J,
Justin Timberlake and Kevin Spacey. Emmett/Furla Films recently
world-premiered "A LOVE SONG FOR BOBBY LONG" at the Venice Film
Festival. The Pic stars John Travolta and Scarlett Johansson. In
addition, "THE AMITYVILLE HORROR," which Emmett/Furla Films set up
with Millennium Films and Miramax/Dimension, is in post-production.
Also in the early stages of pre-production is "THE ABOMINABLE
SNOWMAN," which Emmett and Furla will produce with Ilya Salkind
(Superman I, II, III).

About Family Room Entertainment

Family Room Entertainment Corporation, with its subsidiaries,
Emmett/Furla Films Productions, Emmett/Furla Films Distribution and
EFF Independent, is a publicly held company trading on the Nasdaq
Bulletin Board under the symbol "FMLY." Family Room Entertainment
develops, produces and performs production-related services for the
entertainment industry. Family Room Entertainment's aim is to create
and produce high quality motion pictures with high profile talent that
can be distributed to a worldwide audience. FMLY derives its income
from producer fees, consulting and service fees, as well as its
participation in the profits of the various pictures it produces.
The FMLY co-founders, Randall Emmett and George Furla, believe
that they have the expertise and contacts within the entertainment
industry, specifically in the competitive production and distribution
arenas, to profitably acquire content, package product by adding value
to the content with top quality talent and produce motion pictures
which are in the moderate to higher level budgets, which can be
distributed to a mass worldwide audience. However, there is no
assurance that any motion picture, which has not yet been released,
will be released, that a change in the scheduled release dates of any
such films will not occur or, if such motion picture is released, it
will be successful.

Forward-Looking Statement:

Safe Harbor: Statements contained in this news release which are
not historical facts are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties, which could cause
results to differ materially from those projected.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"ACT"). In particular, when used in the preceding discussion, the
words "plan," "confident that," "believe," "expect," "intend to" and
similar conditional expressions are intended to identify
forward-looking statements within the meaning of the ACT and are
subject to risks and uncertainties, and actual results could differ
materially from those expressed in any forward-looking statements.
Such risks and uncertainties include, but are not limited to, market
conditions, competitive factors, the ability to successfully complete
additional financings and other risks.

KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT LICENSING (ENTERTAINMENT) MOTION PICTURES TV AND RADIO PROFESSIONAL SERVICES FINANCE FUNDING PRODUCT/SERVICE
SOURCE: Family Room Entertainment Corporation

CONTACT INFORMATION:
Family Room Entertainment Corporation
M. Dal Walton, III, 310-659-9411, x127
dwalton@fmlyroom.com

2004-11-17 06:30:10
Family Room Revenue Up by 1407% Over Previous Quarter

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Business Editors / Entertainment Editors

LOS ANGELES--(BUSINESS WIRE)--Nov. 17, 2004--
Family Room Entertainment (OTCBB:FMLY) is pleased to
announce that for the first quarter of Fiscal Year 2005, revenues have
increased by 731% over the same quarter of 2004. Revenues for the
first quarter of 2005 totaled $975,557; up from $133,500 for first
quarter 2004. In addition, this increase in revenues is an increase of
1409% over fourth quarter of Fiscal Year 2004, which had revenues of
only $69,233.
The first quarter of Fiscal 2005 marks the first time in the
company's history that it has reported a Net Income. Net Income was
$44,719 for the first quarter 2005, compared to a Net Loss of
($549,891) for the same period of Fiscal 2004, marking a 1,330%
turn-around.
Family Room Co-chairman and CEO George Furla stated, "We are very
pleased with the results of the period ending September 30, 2004, and
we are very excited about the future of Family Room."
Emmett/Furla Films, a wholly owned subsidiary of Family Room
Entertainment, is currently prepping two $25 million plus projects:
"88 MINUTES," with James Foley at the helm, and "THE CONTRACT," with
two-time Academy Award Nominee Bruce Beresford directing. Currently in
postproduction is Emmett/Furla's "EDISON," writer/director David
Burke's feature film debut. "EDISON" stars Morgan Freeman, LL Cool J,
Justin Timberlake and Kevin Spacey. Emmett/Furla Films recently
world-premiered "A LOVE SONG FOR BOBBY LONG" at the Venice Film
Festival. The Pic stars John Travolta and Scarlett Johansson. In
addition, "THE AMITYVILLE HORROR," which Emmett/Furla Films set up
with Millennium Films and Miramax/Dimension, is in post-production.
Also in the early stages of pre-production is "THE ABOMINABLE
SNOWMAN," which Emmett and Furla will produce with Ilya Salkind
(Superman I, II, III).

About Family Room Entertainment

Family Room Entertainment Corporation, with its subsidiaries,
Emmett/Furla Films Productions, Emmett/Furla Films Distribution and
EFF Independent, is a publicly held company trading on the Nasdaq
Bulletin Board, under the symbol "FMLY." Family Room Entertainment
develops, produces and performs production-related services for the
entertainment industry. Family Room Entertainment's aim is to create
and produce high quality motion pictures with high profile talent that
can be distributed to a worldwide audience. FMLY derives its income
from producer fees, consulting and service fees as well as its
participation in the profits of the various pictures it produces.
The FMLY co-founders, Randall Emmett and George Furla, believe
that they have the expertise and contacts within the entertainment
industry, specifically in the competitive production and distribution
arenas, to profitably acquire content, package product by adding value
to the content with top quality talent and produce motion pictures
which are in the moderate to higher level budgets, which can be
distributed to a mass worldwide audience. However, there is no
assurance that any motion picture, which has not yet been released,
will be released, that a change in the scheduled release dates of any
such films will not occur or, if such motion picture is released, it
will be successful.

Forward-Looking Statement:

Safe Harbor: Statements contained in this news release which are
not historical facts are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties, which could cause
results to differ materially from those projected.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"ACT"). In particular, when used in the preceding discussion, the
words "plan," "confident that," "believe," "expect," "intend to" and
similar conditional expressions are intended to identify
forward-looking statements within the meaning of the ACT and are
subject to risks and uncertainties, and actual results could differ
materially from those expressed in any forward-looking statements.
Such risks and uncertainties include, but are not limited to, market
conditions, competitive factors, the ability to successfully complete
additional financings and other risks.

KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: ENTERTAINMENT LICENSING (ENTERTAINMENT) MOTION PICTURES TV AND RADIO PROFESSIONAL SERVICES FINANCE EARNINGS PRODUCT/SERVICE
SOURCE: Family Room Entertainment Corporation

CONTACT INFORMATION:
Family Room Entertainment Corporation
M. Dal Walton, III, 310-659-9411, x127
dwalton@fmlyroom.com