internetstudios.com, inc. Signs Agreements with August Entertainment Corporation and CEO Films, LLC to Market August and CEO's Film Distribution Rights.

LOS ANGELES--(BUSINESS WIRE)--Nov. 30, 1999--

August Entertainment Corporation and CEO Films, LLC to

list their entire libraries of film distribution

rights on internetstudios.com's website

internetstudios.com, inc. (OTCBB:ISTS) a company enabling the licensing of filmed entertainment rights via the Internet, today announced it has signed agreements with August Entertainment and CEO Films, LLC to allow August and CEO to list their notable film libraries distribution rights on internetstudios.com's website at www.onlinefilmsales.com.

August and CEO's filmed entertainment libraries consist of over 50 films covering all genres including drama, comedy, action/adventure, and family. August's library contains such well known films as "True Romance," "Halloween," "Romero" and "Bodies Rest and Motion." CEO will list its new releases "The Omega Code," "Ballad of the Nightingale" and "Presence of Mind."

internetstudios.com intends to list August and CEO's film distribution rights for all available territories as part of the launch of onlinefilmsales.com, scheduled for the first quarter of 2000. Under the agreements, internetstudios.com will list August and CEO's libraries of film distribution rights on its website to assist them in marketing their films to buyers worldwide.

"This new online database and digital market will enable us to list and sell August and CEO's unsold filmed entertainment rights in an easily accessible and central forum," said Gregory Cascante, president of August Entertainment Corporation and CEO Films, LLC. "internetstudios.com, through www.onlinefilmsales.com, will provide us with a global trading place to sell our filmed entertainment rights more efficiently and to a broader base of buyers then ever before."

About internetstudios.com, inc.

internetstudios.com is positioned as the premier full-service website for the licensing of film and television distribution rights and the tracking and distribution of entertainment industry data via the Internet. The company operates three subsidiaries: www.onlinefilmsales.com, a digital marketplace for sales of film and TV rights, www.reporterTV.com, which delivers daily online entertainment industry newscasts and www.studiobuzz.com, a comprehensive entertainment industry data source. Together, these leading-edge web offerings provide a comprehensive marketing solution for entertainment industry professionals. For more information contact internetstudios.com, inc. at 310/394-4025.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.