🚀 go-pugleaf

FOR IMMEDIATE RELEASE		Contact:	  Kristin Thomson
								  Miller/Shandwick Technologies
							  	  310/203-0550
								  kthomson@miller.shandwick.com



COMSPAN RUSSIA EXPANDS EVENTS BUSINESS AND 
TAKES THE HOTTEST ENTERTAINMENT EAST


Santa Monica, CA, June 30, 1997 � Comspan Russia, a leading provider of
live events in the former Soviet Union, is increasing its activity in the
entertainment industry. Producing a variety of high-profile entertainment
events this fall, Comspan is dedicated to making the best entertainment
accessible to all levels of Russian society.

Comspan Russia has just formed an alliance with Alfa Bank, one of the
largest banks and the region's most active financial institution in the
entertainment business. Responsible for bringing such acts as Sting, Elton
John, Brian Adams, Tina Turner, and Ray Charles to Russia, the Moscow-based
bank has become a major force in financing and producing entertainment.

In addition to announcing numerous headlining music concerts, this fall
Comspan will produce a variety of other exhibitions, including the
International Fashion Celebration hosted by supermodel Linda Evangelista,
the Champions Tennis Tournament featuring John McEnroe, Yannick Noah, Bjorn
Borg and Jimmy Connors, and the Harlem Globetrotters Basketball Tour.
Comspan's future plans include more big-name concerts, theater, and ice
shows.

"We are excited to be working with Alfa Bank, whose entertainment division
has proven itself to be not just a source of financing, but also a very
credible organizer and promoter of entertainment events in Russia." said
Larry Namer, co-founder of E! Entertainment Television and CEO of Comspan.
"With their resources not only can we increase the number of concerts we
do, but we can also dramatically increase the scope of our activities."

According to Nataly Scherbakova, head of Comspan Russia, the company's new
financial alliance will bring credibility to the developing live events and
concert business. While such events in the past have only been accessible
to the elite and wealthy, Comspan and Alfa Bank plan to change that
standard by making tickets affordable for the general public. Comspan's
goal is also to assure International music agencies and management
companies that their clients will be well taken care of in Russia.


-more-
2-2-2-2


"We are very pleased to have formed a long-term alliance with Comspan,"
said Alexander Gafeen, head of Alfa Bank's entertainment division. 
"Together we will bring events and famous performers to Russia to a degree
on par with the rest of the world."

A subsidiary of Santa Monica-based Comspan Communications, Inc., Comspan
Russia has been actively producing live entertainment events in the former
Soviet Union since 1989. Committed to bringing more traditional media to
the region, Comspan Russia has pioneered television distribution and
syndication in Russia through a wide range of diverse and popular TV shows,
including The Wall Street Journal Report, MTV Video Music Awards, and MTV
Unplugged. The company produces the prestigious annual White Nights
International Cultural Festival in St. Petersburg, The Champions Tennis
Tour, and numerous rock concerts and fashion shows. Comspan Communications,
Inc. is a leading U.S. independent consulting firm specializing in
television network and new media planning and strategic development.

#	#	#