The
announcement was made during a joint press conference here at CCE's Hilton
Theater for the Performing Arts. With the unparalleled
support of the Central Government, Gehua's business scope ranges over a broad
scope of areas: from construction and management of large cultural venues,
organizing and undertaking large cultural and sports events as well as
cross-cultural exchanges between China and foreign countries .

CONTACT:
Sydney Greenblatt
Clear Channel Entertainment
(713) 693 -8600
sydneygreenblatt@clearchannel.com

Ray Yeung/Jennifer Gery
Brainerd Communicators, Inc.

tops civic

("LEI") announced today that it has acquired the privately held UK company
which holds the lease on the landmark Leicester Square property in central
London known worldwide as The Hippodrome.E.
With headquarters in Beijing and satellite offices in New York and London,
the joint venture company will be named Gehua Clear Channel Entertainment +
Sports Company, Ltd.

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Wang added that the state-owned entity The Gehua Group's long-term partnership
with Clear Channel Entertainment ensures a legacy of substance and vision. Clear Channel Entertainment has
focused on understanding those leaders' vision for the future of China's
sports and entertainment industry; evaluating the potential development of
more than seventeen Chinese cities; determining the business structure that
would create the greatest opportunity for success; and selecting each city's
most experienced and prominent sports and entertainment entities.

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imagination circuses

The new
company will bring international entertainment and sports events to China;
create opportunities through which Chinese artists and events can tour the
globe; and create international event and venue management systems within the
Chinese sports and entertainment related industries.

zero performers

26 - Lucid Entertainment Inc.

acrobats broadway

Now operating as "Cirque @ the Hippodrome",
Lucid's iconic London club features circus acts and trapeze artists soaring
over the 2,000 capacity audience and was voted "London's Best Nightclub" in
the 2004 BEDA awards. The famous
elevating stage has seen performances over the years from the world's best
renowned artists , including Irving Berlin, Sammy Davis Jnr., Ray Charles,
Johnny Mathis and Diana Ross.com

theatrical cirque

-China business and cultural exchange, Beijing Gehua Cultural Development
Group (Gehua Group) , the most prominent Beijing cultural agency, and Clear
Channel Entertainment (CCE), a leading producer and marketer of live
entertainment events, today announced a landmark, 50-year joint venture. With its rapidly expanding middle class, China is emerging as the
world's largest consumer market, and with its high concentration of young
people (355 million people between 15 and 29), live entertainment is a
compelling business and marketing opportunity.
The Cultural Affairs Bureau and Broadcasting and Television Bureau of Beijing,
under the auspices of the Beijing Municipal Government, merged several key
enterprises to create the Gehua Group, with a view towards promoting the
development of the entertainment industry in Beijing.

About Clear Channel Entertainment: Clear Channel Entertainment, a leading
producer and marketer of live entertainment events is a subsidiary of Clear
Channel Communications (NYSE: CCU), a global leader in the out-of-home
advertising industry.

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More recently, The Hippodrome hosted the concert
tour wrap party for 50 Cent and G Unit and has multiple celebrity events
planned in the future.

Clear Channel Entertainment and Beijing Gehua Cultural Development Group Create Landmark 50-Year Joint Venture

stage generating

Lucid Entertainment Inc. These forward-looking statements are subject to a number
of risks and uncertainties that could cause actual results or events to differ
materially from current expectations.

TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release

The
Beijing Gehua Cultural Development Group, Clear Channel Entertainment, and the
Beijing city leaders have all worked diligently and tirelessly to achieve this
objective, and now we will continue to work together to establish a foundation
for sports and entertainment in Beijing and throughout China, a foundation
that we hope will support major events for decades.

roving pyrotechnic

bijou entertainments

(signed )
Per: Michael Wilkings
Chairman and C.O. In
addition, the company's independently operated athlete representation
business, SFX, provides management, marketing and financial consulting
services to many of the world's top professional athletes. Clear Channel
Entertainment operates throughout North America, Europe, and Australia.

entertainments generating

Acknowledging Beijing's history of success spanning many centuries, Mr."

About Beijing Gehua Cultural Development Group: Beijing Gehua Cultural
Development Group (Gehua Group), the most prominent Beijing cultural agency,
is a state owned conglomerate of cultural enterprises established in December
1997, and is the key player in the promotion of cultural industry in Beijing.

acrobats imagination

With the world's largest population and the robust growth of its economy,
China offers tremendous potential as a destination for the live entertainment
business . More
information may be found by visiting http://www.

Circus and circus arts related businesses, including management, booking, production, distribution, and marketing.

civic acrobats

The Hippodrome occupies an entire
city block at the East side of Leicester Square, home to some of London's most
famous entertainment venues.
The Hippodrome first opened in 1900 and has prospered through war,
depression and changing tastes to remain London's premier nightclub location.

theatrical pyrotechnic

Cirque @ the Hippodrome now operates under LEI's management, and Lucid
is planning to expand the operating model to a seven day per week operation
and to more than double operating revenues during the next year.20 per share, to be held in escrow pending the
fulfillment by the vendors and LEI of certain performance related conditions .
"We believe this is an historic partnership that will enhance the way
Chinese culture and entertainment are experienced around the world," said
Clear Channel Entertainment CEO, Brian Becker .
"From the first moment I landed in Beijing, it was clear that the
political and business leadership in Beijing was committed to providing every
citizen with access to world-class sports and entertainment events," said Ed
Cunningham, lead negotiator and Senior Vice President of Clear Channel
Entertainment.cc.com and
http://www.

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Lucid Entertainment buys The London Hippodrome

LEI acquired
the Hippodrome leaseholder company and its operating subsidiary for nominal
cash consideration plus the assumption of approximately pnds stlg 850,000 of
liabilities.

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is a leading operator and developer of branded
entertainment and hospitality venues internationally. NEW YORK , In an unprecedented agreement augmenting
U.com.

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"
This is the first agreement to result from three years of discussions with
political and cultural leaders of China. Clear Channel Entertainment currently owns and operates
approximately 130 live entertainment venues, in North America and
internationally . In 2003, 69 million people attended approximately 32,000
events promoted and/or produced by the company, including live music events;
Broadway, West End and touring theatrical shows; family entertainment shows;
museum exhibitions, and specialized sports and motor sports events.com
gery@braincomm .

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com

Susan Makarichev
Dan Klores Communications
Beijing Gehua Cultural Development Group
(212) 981-5243
Susan_Makarichev@Dkcnews.

imagination generating

2,000,000 common shares of LEI will be allocated for the
transaction, priced at $1. Wang Jianqi. "We are honored to have been
chosen to bring Western entertainment to Beijing, and we look forward to using
the Clear Channel Entertainment global network of venues and experts to market
traditional Chinese culture throughout the world.

clearchannel.

customized gravity

cirque civic

Famous Central London Nightclub and Show Venue now part of Lucid's
growing estate of premium entertainment properties

LUC: TSX-V

TORONTO, Jan.

For further information, please contact Michael Wilkings, Chairman and
Chief Executive Officer or Tita Gonzalez , Director, Investor Relations. Given these risks and
uncertainties, investors should not place undue reliance on forward-looking
statements as a prediction of actual results.
(212) 986-6667
yeung@braincomm.

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Final completion of the transaction is subject to regulatory approval.

This news release may contain forward-looking statements, which are not
historical facts, but are based on certain assumptions and reflect LEI's
current expectations.
"We want to present the world with many existing and developing Chinese
cultural and sports events and bring major events to the city of Beijing in a
way that benefits the joint venture company, the citizens and the performers ,"
stated Gehua Group General Manager, Mr. "The partnership with Clear Channel Entertainment is an
important step in reaching this objective, and it is a monumental opportunity
both for the development of China's sports and entertainment industries.

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The Hippodrome first operated as one of Europe's classic indoor circuses in
the early 20th century and the original elephant run can still be seen , where
elephants ran two abreast to amuse the Victorian English gentry. LEI disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information , future events or otherwise. and has a 50-year, first right of refusal to mount live
tours of performance shows, promote international events, manage venues,
sponsorship opportunities, ticketing, logistics , artist management, food and
beverage services, merchandising, staging, sound and lighting.

productions entertainments