, The 2005 Liberty Film Festival,
Hollywood's premier event for conservative and libertarian film, will be held
this October 21-23, 2005 at the Pacific Design Center in West Hollywood. The Festival will
also feature a debate on the 1950's blacklist. Times, Wall Street Journal , New
York Times Magazine, Washington Post, Chicago Tribune, Variety, Hollywood
Reporter, Newsmax , Weekly Standard, Fox News, CNN, MSNBC, and NPR.11," "WMD," and "Impact: The Passion of the Christ, " went on to theatrical
distribution.

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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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"
Kirk D'Amico, president and CEO of Myriad Pictures, continued, "We
look forward to expanding the capabilities and activities of both TAG
and Myriad.

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The
company's television programming includes movies-for-television for
the major television networks, basic cable, pay cable, first-run
syndication and international markets.
For details on entering the 2005 Liberty Film Festival, please visit:
http://www .

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Mr. The definitive terms of the transaction, assuming it is
completed, may be different than as presently contemplated. 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.com

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Management remains confident that the close of this transaction will
not only signal a new era for the Company but usher in a dynamic new
player in the entertainment arena.

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----TAG
Entertainment Corp. (OTCBB:TAGE), a full service entertainment company
specializing in the production and distribution of family oriented
motion pictures based in Beverly Hills, California , announced today
that it has signed a letter of intent to acquire all of the
outstanding shares of capital stock of Myriad Pictures, Inc. Steve Austin, Chairman + CEO, said: "After careful
consideration , Myriad became an obvious choice for TAG's first
acquisition.'s most
cutting-edge film festival .

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ABOUT TAG ENTERTAINMENT CORP. The Screenplay Competition will have a $1000
prize.

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Recent box office hits include, the teen
horror box office hit "Jeepers Creepers 2" released by MGM, "National
Lampoon's Van Wilder" released by Artisan and "The Good Girl" starring
Jennifer Aniston released by Fox Searchlight.
The Liberty Film Festival continues its innovative programming this year
with a Producers Series, which includes panels on Film Production, TV
Production, Screenwriting , and Film Finance + Distribution.

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HOLLYWOOD, Calif. Our Board of Advisors bring a wealth of experience to L.

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In a move to further strengthen the Company's position in the
independent production and distribution space, TAG sought to identify
a viable acquisition target that met three key criteria: (1) proven
production capabilities, (2) viable domestic and/or international
distribution network and (3) experienced management team. We also look forward to working with Steve and the whole
TAG team.

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" Mr.
The first Liberty Film Festival drew 3000 people in October of 2004 and
attracted national media attention in the L.

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Closing of the transaction is subject to numerous closing conditions ,
including negotiation and execution of a definitive acquisition
agreement, completion of due diligence by the parties, approval of the
Board of Directors of each entity and several other conditions . is an independently financed, fully
integrated family film company based in Beverly Hills, California . The
Liberty Film Festival showcases films that celebrate the traditional American
values of free speech, patriotism, and religious freedom.
The Liberty Film Festival is also pleased to announce its Board of
Advisors (in alphabetical order): Stephen K.

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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.
Therefore, the actual results of future events described in such
forward-looking statements could differ materially from those stated
in such forward-looking statements. Best Feature Film and Best Short Film winners will each be
awarded the Libertas Prize.

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libertyfilmfestival.

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TAG Entertainment Corp. Announced Today the Signing of a Letter of Intent to Acquire Myriad Pictures

TAG Entertainment Corp.
TAG's principle business is the development and production of high
quality family-oriented feature films for worldwide distribution.

Liberty Film Festival Hollywood's Conservative Film Festival Announces 2005 Festival Dates and Call for Entries

Bannon, Co-Chairman of Genius
Products (distributor of films under the Wellspring, AMC + Sundance Channel
labels), actress Morgan Brittany ("Dallas," "Melrose Place "), philanthropist
Paul Harberger (President, Foundation for Free Markets), film critic and
national talk show host Michael Medved ("The Michael Medved Show," "Right
Turns"), and award-winning producer Douglas Urbanski ("The Contender," "Nil By
Mouth").

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The deadline for all entries is August 21, 2005 .

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The present terms of the Letter of Intent provide for TAG to pay a
purchase price comprised of cash and debt and/or common stock, plus
commitments to provide additional capital to Myriad following closing.
Closing is expected to occur prior to the end of the third quarter of
2005.
Four films showcased at the festival -- "In The Face of Evil," "Celsius
41.

This category is for sites offering specific information on a large number of movies with the same theme or criteria.

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The festival is currently accepting feature and short film submissions
(both documentary and narrative ).A. The festival also spawned the popular conservative film blog
LIBERTAS, which has recently been covered in Variety, USA Today and on CNN.

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I have watched the growth of Myriad over the years and
have always been impressed with the caliber of their productions and
the depth of their distribution reach.

ABOUT MYRIAD PICTURES

Based in Santa Monica, Myriad Pictures is involved in financing ,
production and worldwide sales of major motion pictures and television
programming. 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. The
Festival will also feature a Tribute to John Wayne, and a 100th Birthday
Tribute to Ayn Rand.

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Business Editors/Entertainment Editors

BEVERLY HILLS, Calif. Austin further stated:
"This acquisition will provide TAG with additional infrastructure and
strategic relationships needed to accomplish its current business
objectives. Helmed by Kirk D'Amico, the company has risen in the
ranks as one of the top independent entertainment companies and holds
an impressive and diverse library of filmed programming.
Recent films include the acclaimed bio-pic "Kinsey" starring Liam
Neeson and Laura Linney released by Fox Searchlight, ensemble family
comedy "Eulogy," starring Hank Azaria, Ray Romano and Debra Winger
released by Lions Gate Films, the supernatural thriller "Trauma," with
Colin Firth and Mena Suvari; the Sam Rockwell comedy "Piccadilly Jim"
penned by Julian Fellowes; the Wall Street thriller "The Deal"
starring Christian Slater and the supernatural thriller "The River
King" starring Edward Burns. The festival will hold three juried
competitions for Best Feature Film, Best Short Film, and Best Screenplay
(unproduced). Festival speakers will include
Oscar and Emmy-nominated producers, directors, writers and actors.

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"
TAG was established with the express purpose of becoming a fully
integrated independent entertainment company with film and television
production, worldwide distribution capabilities and studio facilities.