CANNES, France, May 21, 2012 /PRNewswire/ — Camelot Entertainment Group, Inc. (OTCBB: CMGR) (“Camelot”), Camelot Distribution Group (“CDG”), and DarKnight Pictures (“DKP”) announced today that they have acquired the rights to two National Lampoon comedies – SNIPPED and ANOTHER DIRTY MOVIE.

SNIPPED, starring Andrew McCarthy (Weekend at Bernie’s, Pretty in Pink, St. Elmo’s Fire) and Jonathan Silverman (Weekend at Bernie’s, Caddyshack II), is the story of an ex-jock, sportscaster, who agrees to donate an organ to an ill relative only to have the surgery go disastrously wrong.

ANOTHER DIRTY MOVIE, a sequel to DIRTY MOVIE released in 2011, follows two young students who want to make a dirty movie, not for the fortune or fame, but rather to get girls.

“As an independent producer, I enjoyed a great relationship with Camelot. Now as President of National Lampoon,” comments Alan Donnes, “I hope to continue and expand that relationship. These are precisely the type of people and the type of companies we want to partner with as we work to return National Lampoon to its rightful place in the entertainment industry.”

Both of these titles are in CDG’s Cannes line-up, along with YOU CAN’T KILL STEPHEN KING, PRIVACY, WEBDULTERY, and THE DISH AND THE SPOON. CDG is located at Lerins R5 from May 16-23, 2012.

ABOUT CAMELOT ENTERTAINMENT

Camelot Entertainment Group, Inc. (www.camelotent.com) is a US publicly traded company (OTCBB: CMGR) with four divisions: Camelot Film Group, Camelot Distribution and DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).

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 the Company’s 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 current expectations of the Company and speak only as of the date made.

Contact:
Jonathon Russo
Camelot Entertainment
stockholders@camelotfilms.com
(772) 919-8747

Media Contact:
Jessica Kelly
Camelot Distribution
Jessica@camelotfilms.com
(818) 308-8858

SOURCE Camelot Entertainment Group, Inc.