DREW S. LEVIN RETRACTS LANGUAGE IN PREVIOUS RELEASE REGARDING COMEDY SPECIAL

Executive Producer Drew S Levin today retracted the statement that his company Initiative Productions has "acquired" the completed 90-minute comedy special The Godfathers of Comedy, the Italian version of popular comedy formats such as Kings of Comedy and Latin Divas of Comedy.

The business arrangement with owners of this property is a sales agreement only, allowing Drew S Levin and his team to market the property for a limited time with no conveyance of primary or ancillary rights. There is no purchase, acquisition or any transfer of any ownership interest whatsoever in the property aside from this temporary marketing arrangement. Drew Levin and his organization regret the inaccurate and misleading impression that usage of the word "acquisition" created.

Says Levin, "I was drawn to the project because I recognized the extraordinary talents and achievements of the director, the producer and the comedians themselves. This is truly a dream team of comedy."

The Godfathers of Comedy was directed by Rocco Urbisci who is known at HBO's top comedy director, with credits including 11 mega-popular George Carlin specials. Urbisci also directed "40 Years of Laughter at the Improv" which was a primetime ratings winner for NBC.

The Godfathers of Comedy was produced by Neal Marshall, Showtime's leading comedy producer with over 25 credits on the cable net including Latin Divas of Comedy, Hot Tamales and next year's Green Collar Comedy.

The special features some of the Italian-American community's best stand up comics, including Rocky LaPorte who had his own Comedy Central special, former prosecutor Paul D'Angelo (Comedy All-Stars), John Caponera (Comics Unleashed, Drew Carey), Frank Santorelli from The Sopranos and Willie Fratto whose grandfather's bodyguard was Rocky Marciano - need we say more?

Says Drew Levin about his new marketing arrangement, "It's a real pleasure to be working with HBO's best comedy director and Showtime's best comedy producer on this hilarious 90 minute special that we're certain will be a big hit, no pun intended."