The transaction was closed on March 30, 2005. Among the factors that could cause
actual results to differ materially are: (i) TAG's ability to develop
and produce additional feature length films; (ii) TAG's ability to
generate significant revenue and achieve profitability; (iii) the
estimated costs production; (iv) TAG's, ability to effectively
implement its business strategy; (v) TAG's ability to raise additional
capital to fund its movie projects; and (vi) the employment of
additional qualified and experienced executive management. The Bank's Web site is
located at www.

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00. is an independently financed, fully
integrated family film company based in Beverly Hills, Calif.

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, announced today that
it has closed on a $1.
Malaga Bank is primarily a real estate lender known for its expertise
in financing apartments , construction projects and single family
residences throughout Southern California.

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Business Editors/Entertainment Editors

BEVERLY HILLS, Calif. The Company has agreed to file a registration
statement with the Securities and Exchange Commission, registering the
resale of the shares to be issued upon exercise of the warrants.
TAG's principle business is the development and production of high
quality family-oriented feature films for worldwide distribution.

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----TAG
Entertainment Corp. Polen, President and CEO, the dividend will be
paid out on or about April 10, 2005.malagabank .

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TAG Entertainment Corp. Announced Today the Closing of a $1.0 Million Bridge Financing

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Mr.

----The
Board of Directors of Malaga Financial Corporation (OTC:MLGF) ('MFC')
announced today the declaration of a cash dividend in the amount of 6
1/4 cents per share to shareholders of record on March 31, 2005.

joan directors

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TAG Entertainment Corp.

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The bridge financing consists of a one year Senior Secured Note,
the proceeds from which will be used for film productions,
acquisitions and working capital, in accordance with the required use
of proceeds.

NOTE: The statements contained in this press release that are not
historical facts are forward-looking statements under federal
securities laws that involve a number of risks and uncertainties. Malaga
Bank's niche, or specialty , continues to be its standard of excellence
in customer service while meeting the individual banking needs of
customers through quality products and effective communications.

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Therefore, the actual results of future events described in such
forward-looking statements could differ materially from those stated
in such forward-looking statements.com

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The
company's feature films are developed and produced principally for the
domestic and international theatrical motion picture markets .

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This financing will enable the Company to continue with the execution
of its business model and allow TAG to move forward with its slate of
films already in progress.

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Malaga Financial Corporation Announces Cash Dividend

According to John R.
MFC is the holding company of Malaga Bank, a full service
community bank located on the Palos Verdes Peninsula that has served
the financial needs of this affluent community for 20 years.

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0 million bridge financing with Satellite
Strategic Finance Associates, LLC and Satellite Strategic Finance
Partners Ltd.

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(OTCBB:TAGE), a full service entertainment company
specializing in the production and distribution of family oriented
motion pictures based in Beverly Hills, Calif.

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Steve Austin, Chairman + CEO, said: "We are very pleased to
close this financing transaction with Satellite Asset Management LP. Established in 1999, TAG has
fully financed and distributed five live action family films and has
acquired certain rights to additional motion pictures of varying
quality and commercial potential.

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"

ABOUT TAG ENTERTAINMENT CORP.

Business Editors/Banking Writers

PALOS VERDES ESTATES, Calif.

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The Company also issued 500,000 warrants at the exercise
price of $1. The
company's television programming includes movies -for-television for
the major television networks, basic cable, pay cable, first-run
syndication and international markets.