Camelot Entertainment Group Retires 14 Billion Shares

IRVINE, Calif., June 10, 2013 /PRNewswire/ -- Camelot Entertainment Group, Inc. (OTC: CMGR) ("Camelot") announced today that it has retired and returned to treasury 14,370,438,116 shares of its common stock. As a result, the Company now has 5,750,000,000 shares of common stock issued and outstanding.  The total non-restricted shares held, including those non-restricted shares held by affiliates that are not currently available for resale, were 2,126,294,556 (including those held in CEDE). Thus far in 2013 Camelot has retired a total of 16,250,000,000 shares of its common stock. The reduction in outstanding shares is part of an overall rebuilding of the company's infrastructure as it works on bringing its public filings current. Further information can be found in Camelot's 8-K filing with the Securities and Exchange Commission at www.sec.gov, at www.otcmarkets.com and on the Company's website at www.camelotent.com.

About Camelot Entertainment Group, Inc.: Camelot Entertainment Group, Inc. is a US publicly traded company (symbol "CMGR") with three major divisions: Camelot Film Group, including Camelot Distribution Group, Camelot Studio Group and Camelot Media Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. For information about Camelot Entertainment Group, Inc., please visit our web site at www.camelotent.com.  

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in our Securities and Exchange Commission Reports and Filings.

Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act.  Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used.  Such statements are based upon Camelot's current expectations and speak only as of the date made.  The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Contact:                                                                                                                                                                  
Jonathon Russo
Camelot Entertainment
[e-mail]  
[phone]

Media Contact:
Camelot Distribution
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[phone]

SOURCE Camelot Entertainment Group, Inc.

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