Family Room Entertainment Corporation announced today that its wholly owned subsidiary, Emmett/Furla Films, has received significant attention in the independent film market with its current slate of productions budgeted in excess of $25 million and produced as part of its long-standing, multi-picture relationship with Millennium Films.

Additionally, Emmett/Furla is pleased to announce today it has acquired three hot new properties: "LOVE AND HATE" by Roderick Taylor and Bruce Taylor, which has undergone a rewrite by Steven Rowley; "UNDERGROUND" by Stuart Hazeldine; and "ALTITUDE RUSH" by Matt Reilly.

"LOVE AND HATE," which will be produced by Emmett/Furla's Randall Emmett and George Furla together with Pliny Porter, is the story a South Florida cop who is haunted by her childhood best friend, who has seemingly come back from the dead to reap her revenge. The script is currently out to a short list of Hollywood's A-list females.

"ALTITUDE RUSH" is the story of a band of friends who, in order to thwart a plot to blackmail the President of the United States, must travel from the Empire State Building to the United Nations--and never drop below an altitude of ten feet or they will set off a devastating bomb. "ALTITUDE RUSH" is currently out to directors.

"UNDERGROUND" is the story of a former soldier who, while in London visiting his girlfriend, must save his fellow passengers and keep terrorists from flooding the entire London Underground. "UNDERGROUND" is currently out to directors.

Producers Randall Emmett and George Furla stated: "We are very excited about these three new projects. We believe "LOVE AND HATE," "ALTITUDE RUSH" and "UNDERGROUND" will make for great high concept films with mass appeal." Emmett and Furla added: "We have given our company a mandate to produce no less than 5 high concept films budgeted in the $25 to $40 million range in the next year. We believe these three new acquisitions, along with "88 MINUTES," starring Al Pacino, and "THE CONTRACT," which will be directed by Bruce Beresford, keep us on track to reach that goal."

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.

Brian B.