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News Release
August 23, 1999 A.S.E Trading Symbol: YAL VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcement: Weird Wheels - Television Series Development Deal The Company has received confirmation from Alliance Atlantis Broadcasting that Life Network will participate financially with the Company in the development of 13 episodes for a new television series Weird Wheels. The development package will include detailed production budgets, detailed financing plan, resumes of key creative personnel, description of opening titles, music and graphics, model show treatment, episodic outline of 13 episodes and the production of a mini pilot. Life Network will also receive the right to acquire the Canadian broadcast license for the series. The Company is presently in the second season of production of the critically acclaimed, award winning documentary series Weird Homes, also for Life Network. The second season, comprised of 26 episodes, is expected to commence airing in September, 1999 Yaletown Entertainment Corp. is a Canadian television and movie producer listed on the Alberta Stock Exchange under trading symbol YAL. For further information, please contact Mr. John Cumming, Chief Executive Officer, at telephone: (604) 688-0118 or check out our web site at www.yaletownentertainment.com. John C. R. Cumming John C. R. Cumming, Director, Chairman & C.E.O. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE. |-Contact-|-HOME-|-Weird Homes-|-Weird Weddings-| Yaletown Entertainment Corporation, Vancouver B.C. Canada tel: (604) 669-3543 - Executive/Production Offices Canadian Venture Exchange: ECY |