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Summit Poised To Acquire 49 Percent Of QZAR USA

Summit Entertainment Group today announced the finalization of terms to acquire QZAR USA , a Texas-based laser tag and virtual reality entertainment company with equipment sales worldwide, and software development and production located in the United States. QZAR USA is helmed by President and CEO Joseph Robles and boasts a global clientele primarily located in Russia, Europe and the United States.

Robels stated: "This acquisition will not only add to the overall value to Summit Entertainment shareholders but will drastically reduce the costs of worldwide promotion of our QZAR products abroad. The acquisition will allow us to focus our efforts on sales, production and software development in the coming months while allowing the investment community to play a part in an emerging VR and laser production company with hard assets estimated near one million dollars."

Robels, who joined Summit Entertainment as a director Monday, June 13, will continue to oversee the sales and day-to-day operations for QZAR USA.

John D. Jarvis, Summit Entertainment's president, concluded: "I see these creative and cutting-edge entertainment products as a new beginning for struggling entertainment operators to create new and affordable profit centers to complement their current entertainment business models in a down economy."

The QZAR USA beta test arena is located about two miles from QZAR USA's production and warehouse facility in Tomball, Texas, web cam feeds and pictures will be made available on the Summit Entertainment corporate web site located at http://www.summitentgroup.com or to be scheduled for use by calling (281) 351-1831.

About Summit Entertainment Group Inc.

Headquartered in Houston, Texas, Summit Entertainment Group Inc. aspires to be a leading diversified owner and operator of multiple entertainment properties, including developments located in Las Vegas, in Reno, Nevada and in Louisiana. Summit Entertainment Press releases are available at www.Pinksheets.com or www.knobias.com. Additional news and information on Summit Entertainment can be obtained by contacting the company at (281)255-9424.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.

     
   President
   Summit Entertainment Group Inc.
   Tomball,    TX,    77377
   USA
   281-255-9424 ext:100 (phone)
   281-351-182 (fax)
   john@summitentgroup.com
   www.summitentgroup.com