Belltower Signs Agreement for Joint Venture

Belltower Entertainment (OTCBB:BTOW) announced today that it has concluded negotiations with Women's Health House (WHH) and has signed a formal agreement for a joint venture partnership whereby Belltower will receive revenue profit participation from products that WHH has and will acquire revenue interests in through direct response television marketing campaigns targeted primarily at health and beauty products for the female consumer. The first of several infomercials has been completed and will air on national television in approximately 215 markets beginning next week. When the commercial airs, the consumer will be able to call in to a toll free telephone number to order the product to be shipped directly to the retail customer. The product will sell for $29.95 and Belltower will receive approximately 10% net revenue from each unit sold through this medium. The company will release details on the actual product itself previously featured on NBC, ABC, CBS, FOX, Racheal Ray, Extra and Star Beauty Secret.

Belltower is in final stages of negotiations with Three-Thirteen Productions to build a production facility in the Greater Orlando area which will serve as the venue for the production of these infomercials as well as a pre and post production facility for the company's own Independent feature film productions. In addition to the profit participation from the revenues associated with the sales of products through the direct response television marketing campaigns, Belltower will also receive revenue from fees associated with the production of the infomercials themselves for WHH and other clients.

The facility will be rented on a per diem basis usually by the marketer who provides the script, copy, actors and related personnel for the production of the infomercial at a rate of $15,000 to $50,000 per day dependent on the equipment needed.

The facility will also serve as a Pre-production facility for the current films current under development or production including "Little Treasure" starring Forest Whitaker and "Smokescreen".

The company plans to use the revenue derived from this new division to build and fund an "in house" production/development fund to eliminate the need for outside capital sources for at least one modestly budgeted independent film per year thereby retaining the majority of equity ownership in the film project to maximize profit potential and creative control.

Belltower Entertainment Corp. is a fully integrated film entertainment company based in Los Angeles with a satellite office in Shanghai, China complemented by strategic production and finance partners throughout the world. Our goal and focus is in securing ownership of film projects to be developed and packaged in-house, which attract premier talent from both behind the camera and in front of it, while keeping costs down through tax friendly production territories and other soft money avenues. Belltower creates favorable studio participation for distribution and P&A funding with critically acclaimed screenwriters and top talent attachments.

With a focus on Asia and Latin America, Belltower is strategically positioned to produce high quality content at cost-effective budgets while maximizing profit margins and upside potential for both the company and its shareholders by retaining control and ownership of its feature film projects.

This release may contain statements that are forward-looking. Such statements are made based upon current expectations that are subject to risk and uncertainty. Belltower Entertainment Corp. does not undertake to update forward-looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward-looking information. The actual future plans and results of the company could differ significantly from such forward-looking statement.

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