Eline Entertainment Group announces reverse merger with Cranium, Inc. completed.

Eline Entertainment Group, Inc. (OTCPink: EEGI) today announced that the reverse merger between Eline Entertainment Group and Cranium, Inc. has been officially completed.

As part of the terms of the merger, Cranium, Inc. has received majority control of Eline Entertainment Group, which makes Cranium the controlling, and surviving entity. The official name change will take place as soon as Eline completes its change of Domicile to Wyoming, which will save the company thousands of dollars each year in filing fees. Once the Domicile change takes effect, a corporate name change will be filed with both Wyoming and with FINRA.

The other important change that is dependent on the move to Wyoming is the lowering of the authorized shares, which should offer some comfort to shareholders that anti-dilution measures are being put into place. The company has not decided on a specific number to set the authorized shares at just yet, but it will be a fraction of its current level.

Eline Entertainment management also wants the public to know that early next week the company plans to announce changes in recent deals that will remove hundreds of thousands of dollars worth of debt from the books while stopping what could have been potentially very large dilution in the future. This monumental change will make a very big positive impact on the future share structure of the company and will be reflected on the company’s third quarter disclosure set to be released very shortly as well.

Furthermore, perhaps even more exciting is that the company plans to announce measures that could raise substantial funds for product development with no dilutive effect whatsoever. Eline is sure that the public will be extremely impressed with the company’s ability to negotiate past negative agreements into present and future positive outcomes while finding creative solutions to funding and business development hurdles.

Once these announcements are made public, and the transitions discussed are completed, the company can begin announcing the internal successes and advancements regarding the actual business itself. Everyone involved feels very confident that public reaction over the next few weeks will be extremely positive and trust in the company and its management will be restored.

DISCLAIMER:

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve risk, which could cause the actual results to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

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