CodeBlack Entertainment announces licensing agreement with TurnerPatterson

(June 16, 2007)CodeBlack Entertainment, a multi-faceted entertainment organization featuring urban themed programming, today that it has signed an agreement to retain TurnerPatterson as the exclusive merchandise licensing agency for the CodeBlack brands and their films.

Founded in 2005 by Jeff Clanagan, CodeBlack Entertainment is the first independent, vertically integrated African American-owned film studio and is the largest annual producer and distributer of films targeting African Americans. CodeBlack is actively engaged in the business of feature film production and distribution, urban market consulting, and the production of programs for television broadcast and syndication. Clanagan, President and CEO, says, "CodeBlack Entertainment is more than a film studio. It is the urban community's foundation for independent thought and creation; a premiere platform for the contributions of a society so commonly ignored and a celebration of African Americans' uninhibited creativity for generations to come."

CodeBlack Entertainment was created out of the necessity for the positive representation of African Americans in film. Through several entertainment outlets, CodeBlack provides a consistent stream of sophisticated urban themed programming that is distributed across theatrical, digital, broadcast and internet platforms. CodeBlack's expansive library consists of dramatic, comedic, romantic and faith- based titles featuring top African American and Latino talent.

Current CodeBlack releases include "Jamie Foxx Presents-America's Funniest Comics" hosted by Cedric the Entertainer, "My Brother" starring Vanessa Williams, and "Shadowboxer" starring Academy Award winners Helen Mirren and Cuba Gooding, Jr. A powerful driving force in motion pictures, television, home entertainment and new media, CodeBlack Entertainment projects double the revenue of their gross sales of 2006 in 2007.

CodeBlack has further increased its equity by developing a strategic business alliance with one of Hollywood's biggest media conglomerates, 20th Century Fox. Codeblack currently has a multi-picture deal with 20th Century Fox's new film distribution division, FOXFAITH, to produce six original films targeting the African-American faith-based market. The first two productions are film adaptations of the 80's Off Broadway gospel musical hit, "Mama I Want to Sing!" and the popular play "A Good Man is Hard to Find."

"We could not be working with a more creative and innovative licensing agency than Turner Patterson," stated Jeff Clanagan, President and CEO of CodeBlack Entertainment. "They are experts in the urban consumer and merchandising market and we look forward to a long and promising partnership."

CodeBlack Entertainment will partner with TurnerPatterson to analyze product licensing opportunities in all categories of interest in the urban marketplace. Initially, the companies will focus on categories including: mobile entertainment and internet technology, financial services, apparel, music, toys and home entertainment appealing to African-American women, families, teens and children.

"We are very excited about working with a leader in the urban entertainment space like CodeBlack ," says Debra Turner, CEO of TurnerPatterson. "We are looking forward to creating exciting and innovative licensing programs through this partnership." Please visit CodeBlack Entertainment at 2007 Licensing International Show at Jacob Javits Center in New York City from June 19, 2007 - June 21,2007 at Booth 1163.


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