Owned Entertainment Announces Additional Infusion Of Capital Allowing For Expedited Pre Production Timeline

Courtesy of Owned Entertainment, Inc.:

AUSTIN, Texas, 02/25/2008 -- Owned Entertainment, Inc. President James Hergott announced last night on the Sirius Satellite Radio program the No-Holds Barred Show that CEO Eric Alfio and other entities have made a large capital infusion into the company this week. Hergott comments; “This new infusion of capital will allow us to proceed with the next stages of production at an expedited rate. It also shows internal faith in this company and its projects. We will now continue with casting and begin scouting locations and hiring of crew in preparation to begin filming. Any additional potential shareholders should contact us as this time.” Mr. Hergott can be reached at james@ownedentertainment.com.

About ‘Owned’

‘Owned' is an exciting action thriller set in the world of MMA. We will be looking for a combination of talented actors and MMA fighters for the movie. Recently announced fighters for the movie include Dean Lister, Jason Mayhem Miller, Cung Le, Shonie Carter, Din Thomas and Mauricio ‘Shogun’ Rua and Murilo ‘Ninja’ Rua. For more information on the ‘Owned’ movie visit mmamovie.com, ownedentertainment.com and the official ‘Owned’ myspace at http://www.myspace.com/ownedentertainmentinc. For information on auditioning for ‘Owned’ you simply text the word ‘AUDITION’ to phone number 41513. Standard texting rates apply but there are no additional charges.

About Owned Entertainment

Owned Entertainment, Inc. has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. The company engages in investing, producing, and distributing full-length feature films as well as TV projects, video games and other entertainment entities. Along with its controlling equity interest in 'All That I Need,' released in theatres December 2005 and released on DVD February 2006, there are several other projects in the making, including: 'The Other Side' and 'Descendant,' written by Damir Catic and Eric Alfio, the action thriller set in the world of Mixed Martial Arts 'Owned' by James Hergott, 'Brothers' by Tarquin Gotch (whose credits include 'Home Alone,' 'Curly Sue,' 'Ferris Bueller's Day Off') and the Reno 911-type comedic take-off on the popular 'The Ultimate Fighter' TV show entitled 'Fight House.' Our mission at Owned Entertainment, Inc. is to produce high quality and highly enjoyable feature films that will be widely distributed in the mainstream media markets. The corporate offices for Owned Entertainment, Inc. are in Austin, Texas with additional offices in Southern California. Owned Entertainment, Inc. has recently announced adding an Interactive Entertainment division to focus on video game development.

CONTACT:
Owned Entertainment, Inc.
James Hergott, President
512-284-7888
james@ownedentertainment.com
info@ownedentertainment.com
www.ownedentertainment.com