Fuego Enterprises, Inc. welcomes President Obama's Announcement of Major Changes in US-Cuba Policy

USA - English

• Latin America - español

MIAMI, Dec. 22, 2014 /PRNewswire/ -- Fuego Enterprises Inc. (OTC Pink: FUGI) welcomes a whole new era in the relations between Cuba and the United States. President Barack Obama announced major changes in US policy with respect to Cuba, unveiling the most substantial steps toward diplomatic and trade normalization since the US severed relations and imposed a full trade embargo in 1961.

We support the efforts and determination of President Obama and President Castro to reinstate full diplomatic and commerce/trade relations. While the embargo still remains in effect, President Obama said he will take several executive actions to open more commerce/trade opportunities and ease travel restrictions between the U.S. and Cuba, including relaxing banking restrictions, the sale and export of goods, funding flows and financing. President Obama also set in motion a course of actions to formally recognize Cuba by U.S. and open an embassy in Havana.

Fuego Enterprises Inc. has been exploring business opportunities in Cuba for a long time and believes it is well-positioned to take advantage of current and emerging business opportunities between the U.S. and Cuba.

"We're thrilled to welcome this historical change in U.S.-Cuba Policy. This is precisely what we have been waiting for," said Hugo Cancio, CEO of Fuego Enterprises Inc. "We have worked very hard for many years to develop strategic relations and operations in Cuba. We believe that Fuego Enterprises' extensive experience and credibility in the Cuban market can finally be applied so that we may now move forward with our plans. It is our intent to begin the process to become fully reporting again and implement our vision very soon!"

About Fuego Enterprises, Inc.

Fuego Enterprises, Inc. is a diversified holdings company focused on business opportunities in Cuba and the United States with operations in Media and Entertainment, Telecommunications, Travel & Real Estate. Fuego Enterprises also publishes two magazines: OnCuba (www.oncubamagazine.com) and ART OnCuba, the first Cuba-focused monthly and quarterly bilingual magazine publication with national distribution in the U.S. Both magazines are published in hard copies and electronic formats and is distributed in select Barnes & Noble stores throughout the United States. It is also distributed in Cuba and is the official and exclusive "in-flight" magazine for almost all flights from the U.S. to Cuba.

CONTACT:  Ariel Machado, +1-305-823-9193, [email protected]

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SOURCE Fuego Enterprises, Inc.