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Sycamore Entertainment Group Inc. Corporate Update

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Hollywood, March 21, 2014 (GLOBE NEWSWIRE) -- Sycamore Entertainment Group, Inc.(SEGI), a leading innovator in hybrid film distribution, is pleased to provide this corporate update.

Sycamore confirms it is engaged in negotiations with an award winning sales agent for domestic rights of two motion pictures. The company believes that both films represent an effective opportunity to solidify its position as a key specialty distribution company in the marketplace and that the films have the merit to be strong awards contenders in the late fall.

Furthermore Sycamore is positioned to acquire the corporate assets of an established entertainment property. Once the transaction is completed, the assets cash flow will allow Sycamore the ability to consistently acquire films and other entertainment assets.

Financing for the asset purchase is being arranged by our domestic and international banking partners. As part of the transaction Sycamore is completing its financial statements as well as getting current on all corporate affairs. The terms and final details of the transaction will be disclosed in a press release.

In addition, the team at Sycamore along with Daryl Payne Films have reached the final stages of upload for " The Judy Garland Show" (http://sycamoreentertainment.com/news-20140227.php) E-commerce website and are working diligently to finalize the streaming website for commercial use. The team expects to hit their March 29th launch deadline.

Updates on the progress of these transactions will be made available via our corporate website and via social media.

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Investors can also follow Sycamore on Linked in: Sycamore Entertainment Group and Twitter: Sycamorefilms

Contact: info@sycamoreentertainment.com

Media Services by: S.T.A.T. Group and Vitello Capital Ltd.

About Sycamore Entertainment Group . (SEGI):

Sycamore Entertainment is a diversified entertainment company that specializes in the acquisition, marketing and worldwide distribution of quality finished feature-length motion pictures. Sycamores' management team utilizes its long standing relationships to provide market specific publicity, promotion, media buying, theatrical placement and Print and & Advertisingfinancing for theatrical domestic release. Visit: www.sycamoreentertainment.com

Forward-Looking Safe Harbor Statement

Sycamore Entertainment press releases contain forward-looking statements that are made pursuant to the safe harbour provisions of the Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. By their nature, forward-looking statements and forecasts involve risks and uncertainties related to events dependent on circumstances that will occur in the near future. These statements involve known and unknown risks and uncertainties, which may cause Sycamore Films actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to obtain rights to distribute and market films, product availability; demand and market competition, and access to capital markets. For a more complete discussion of the risks to which Sycamore Films is subject to please see our filings with the SEC and/or OTC Markets. You should independently investigate and fully understand all risks before making investment decisions. This press release is not a solicitation or recommendation to purchase any securities and you should consult with an investment professional before making any investments.

CONTACT: Sycamore Entertainment Group Inc. 5555 Melrose Avenue Hollywood, CA 90038 Craig Fischer S.T.A.T Group 786.375.0556 email:info@sycamoreentertainment.com

Source:Sycamore Entertainment