---

First Entertainment Holding Corp. Announces Equity Agreement with Meta-Brands

7 June 1999

First Entertainment Holding Corp. Announces Equity Agreement with Meta-Brands

    DENVER, June 7 -- First Entertainment
(OTC Bulletin Board: FTET), a fully reporting company, announced today it had
acquired a minority interest in Meta-Brands of Stamford, Ct.  Meta-Brands
specializes in developing marketing meta-worlds for America's largest fan
groups.
    First Entertainment is assisting in the development and launching of
Wrencher(TM), which is a multi-dimensional entertaining meta-world for
America's largest fan group, car lovers, and the single largest industry, the
auto industry.  America's passion for cars and car entertainment is well
known, evidenced by auto racing, which is America's most popular sport, and
growing.
    At its maturity, Wrencher(TM) will be a meta-world filled with America's
first action adventure car heroes, an Internet car community, a wide range of
car products, a family of computer racing games, a television show, and a new
form of Internet digital auto racing: "Hyper-Dimensional Auto Racing(TM)."
    Harvey "Gizmo" Rosenberg, CEO of Meta-Worlds and creator of Wrencher(TM)
commented, "The Internet is revolutionizing how passionate fan groups, and
especially sports fans, are relating and connecting to each other.  After
years of studying America's largest industry and largest sport, I realized
that this was a fan community that had no action adventure super-heroes which
reflected the nitty-gritty passion of the fans.  Clearly Wrencher(TM) is the
first attempt to celebrate this fan group, and create entertainment that every
aspect of America's car culture can participate in from racing to tractors.
We are now beginning the development work on Hyper-Dimensional Auto
Racing(TM), a new form of digital auto racing that combines the thrills of a
NASCAR race, a roller coaster ride, three-dimensional racing matrixes, and the
ability to win cash prizes.  The Racing Future is Now -- Only the Strong,
Smart and Fast Survive."
    First Entertainment CEO A. B. Goldberg commented, "Wrencher(TM) gives
First Entertainment the ability to showcase its comprehensive Internet
capability, including web site design, E-Commerce solutions, and the targeting
of niche internet communities.  The new Wrencher(TM) web site,
http://www.wrencher.com, "The Web Site with Grease Under its Fingernails" will be
open shortly."
    First Entertainment.com is creating communities of network niche portals;
each tailored to a particular niche group.  The destination entertainment
portal will host free e-mails, news, music, comedy and life style information
surrounding a variety of activities from a specific host with hot links to
related activities.  An infrastructure of chat rooms as well as a virtual
shopping mall will be included where a variety of merchandise related to each
site will be featured ranging from comedy CDs to T-shirts, mugs, collectibles,
as well as Broadway theater tickets and merchandise.

    First Entertainment is a multi-media Internet Entertainment Company and
has divisions or subsidiaries in the areas of radio broadcasting, comedy clubs
and Internet gaming, as well as other Internet related activities.

    Note:  Certain statements herein that are not historical are forward
looking statements, which involve risk and uncertainties.  Investors who seek
more information about the company's business and relative risk factors may
wish to review the company's periodic reports filed with the SEC including,
but not limited to, its most recent Annual Report on Form 10-K/SB and
Quarterly Report on Form 10-QSB.

    Please visit the new First Entertainment site at
http://www.firstentertainment.com