NEW YORK, April 8 /PRNewswire/ -- FX Real Estate and Entertainment Inc. announced that it has issued its consolidated financial statements for the fiscal year ended December 31, 2008 as part of its Annual Report on Form 10-K for the fiscal year ended December 31, 2008. The financial statements include a going concern qualification from its independent registered public accounting firm, Ernst & Young LLP. This release has been prepared in compliance with Nasdaq Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification.
FXRE's common stock is listed and traded on the NASDAQ Global Market under the symbol "FXRE."
FX Real Estate and Entertainment Inc.
CONTACT: Ed Tagliaferri, +1-212-981-5182, for FX Real Estate and
Entertainment Inc.
