Newsletter

April 28, 2003

Volume VI, Issue 41

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

Family Room (OTC BB: FMLY) Gets Abominable- Stock Continues Climbing Himalayan Slope

Today, just after the market closed, Family Room Entertainment announced another project in development which has film franchise type potential.

Family Room has entered into a joint development to produce the Abominable Snowman story with Ilya Salkind and Gale Anne Hurd. Ilya Sulkind is a well known Hollywood heavyweight who has a reputation for delivering franchise type movies. He produced all three of the Superman movies, and the Three Musketeer series.

Gale Anne Hurd, who is also coproducing the Micronauts project with Emmet/Furla, produced the Terminator series (#3 due out this summer), Armageddon, and the upcoming summer release of The Hulk.

This brings the total number of Family Room projects in various stages of development to 7- the 6 prior to the Abominable Snowman project are listed below.

The stock has been climbing the charts with little resistance of late- Family Room is up 100% in the month of April. However, the stock is coming off a very oversold condition. We believe Family's Room's momentum could carry it as high as $.25 in the near term (the midrange since its drop), which is still less than half of the all time high.

The market valuation of the entire company is still only about $3.6 million. This level offers a great deal of upside potential for investors who want to own a small piece of the profit potential of the projects listed below.

Here's a list of the projects being managed by Family Room Entertainment, and their current status.

Blind Horizon- This feature length thriller starring Val Kilmer, Neve Campbell, and Sam Shepard is in post production. Major studios are showing the film to test audiences. Family Room anticipates the film will be released some time in the Fall. If it becomes a theatrical release, it has the potential to make significant profits for the company, as Family Room retains 25% of the producer profits.
Out For a Kill- This Steven Seagal thriller is also in post production right now. Studios will be reviewing the film soon, and it is expected to go to major theatrical release. Family Room has 10% of the producer profits on this film.
Belly of the Beast- This is the third Steven Segal thriller produced by Family Room, and is being filmed in Thailand right now. This film is also expected to go to major theatrical release. Family Room also has 10% of the producer profits on this film.
Micronauts- Two weeks ago we covered this project. Family Room has acquired the rights to Micronauts, a very popular comic book and TV series from the late 70's and early 80's. In partnership with Hollywood heavy weight Gale Anne Hurd, Family Room intends to develop a feature length film, a TV show, and merchandise the brand. Hurd is the highly acclaimed producer of Terminator, Armageddon, and the Hulk. She is considered one of the most successful producers in the comic book/fantasy genre. Family Room and Hurd are now "pitching" the projects to the major Hollywood studios for partnerships and financing.
Red Skelton Direct Marketing Project- As previously announced, Family Room is entering the direct marketing business. The company is producing commercials to market episodes of the Red Skelton show on VHS and DVD over cable networks. Commercials should start running in about two months.
Snakeskin- Emmet/Furla will produce Snakeskin- it is a movie about a man who specializes in acquiring rare antiquities for the highest bidder and must hunt down his genetically enhanced ex-partner who has stolen a package that could change the balance of good and evil in the world. Snakeskin will be directed by Dario Piani. who has been directing commercials for Ferrari and Mercedes Benz. The movie is beginning the casting process now, and they expect to begin filming by the end of the summer.

Here is the complete text of today's news release for your review:

Press Release Source: Family Room Entertainment

'The Abominable Snowman' Snows Ilya Salkind & Emmett/Furla

Monday April 28, 4:15 pm ET

LOS ANGELES, CA--(INTERNET WIRE)--Apr 28, 2003 -- Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation (OTC BB: FMLY) and Ilya Salkind (Superman 1, 2, 3) announce that they have joined forces to develop and produce the feature film entitled "The Abominable Snowman." Gale Anne Hurd ("The Hulk") is also in negotiations to produce alongside Salkind, Emmett and Furla.

"The Abominable Snowman" is a time tested and thought provoking title that Ilya Salkind has had a passion for over the last ten years. Emmett/Furla has been brought aboard to make his long-standing vision a reality. The legend of the "The Abominable Snowman" has been in the public consciousness for centuries and is one of the most recognizable creatures in the public awareness throughout the world. EFF said, "We are excited to put a face on this mythical figure and we are eager to work with Ilya." EFF also added, "With Gale's phenomenal track-record with tent-pole pictures such as 'The Hulk' and with the speed and level of excitement at which we are moving forward together on 'Micronauts,' we believe that she is a perfect match for this project."

Ilya Salkind said: "Ten years ago I envisioned 'The Abominable Snowman' to follow in the blockbuster franchise tradition of 'Superman' and 'The Three Musketeers.' Now, with today's seemingly unlimited technologies in filmmaking, the time is right. I am delighted to join forces with two of the most talented and successful young producers in Hollywood today. I know that Randall, George and I will assemble the most creative team available in the world to bring this mysterious and extraordinary being to the screen in awe-inspiring fashion."

Emmett/Furla Films is also in pre-production on their second of two pictures with action star Steven Seagal, entitled, "Belly of the Beast." In the fall of 2002, Emmett and Furla executive produced "Half Past Dead" for Screen Gems. "Wonderland," which Emmett/Furla Films executive produced for Lions Gate, is currently in post-production. Emmett/Furla Films is also in post-production on "Blind Horizon" starring Val Kilmer, Neve Campbell and Sam Shepard.

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 is not historical facts, are forward-looking statements as that are 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.

Contact:
     Contact: M. Dal Walton, III
     Company: Emmett/Furla Films
     Title: Press Contact
     Voice: 323-850-2868
--------------------------------------------------------------------------------
Source: Family Room Entertainment

StockGroup (OTC BB: SWEB)- Volume Alert- Anyone Know Why?

StockGroup Technologies popped up on the radar screen today. The stock surged up above $.30 for the first time since January, and traded 620,000 shares (about 8 times normal volume). We have no explanation for the surge- email info@otcjournal.com if you know anything or have heard any rumors. We hope to have the scoop for everyone by mid week.

Charts Provided Courtesy Of TradePortal.com

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