HARBIN, China, Dec. 9 /PRNewswire-FirstCall/ -- Eline Entertainment Group Inc. (EEGI), http://www.elineentertainment.com/ (temp web site) further to the company news release of Nov 11, 2009 where amongst other things the company announced its search for a suitable merger candidate the company is pleased to announce the completion of its merger with Innovation Investment Co., Ltd. (Inn Group). See http://www.ydwtz.com/eng/. Innovation Investment Co. specializes in operating educational centres in North East China and specialty financial services. Founded in 1999, Innovation Education Group has developed into a conglomerate group enterprise consisting of Innovation Investment Co., Ltd (Heilongjiang), Innovation Investment Co., Ltd (Guangzhou), Innovation Management INC, Innovation Nursery School, Innovation Elite Nursery School (demonstration kindergarten of South China), Innovation Elite Nursery School (demonstration kindergarten of Northeast China), De Tian Enterprise Management Consulting Co., Ltd, Innovation Educational Science Research Institute. The assets being vended in EEGI are valued at over 10 million dollars. EEGI intends to recapitalize to 888 million shares and pay about 780 million shares to the Inn Group for the asset, or approximately $2.5 million dollars. Mrs. Wei Hong, the incoming CEO and a spokesperson for the Inn Group said, "We've met with the EEGI representatives to discuss the present position of our company. Because of the relatively low float of about 90 million shares in EEGI we are advised that the appreciation of EEGI stock with our merger, together with the mindset that all of our 780 million shares will be restricted; the 10 million dollar valuation would quickly be acknowledged by the market forces." In other company news, EEGI currently has a "skull and bones" rank which stems from activities dating back to 2007 of the previous management. The company is working diligently to complete its financial filings with Pink Sheets including its Q3 report which should earn the company a "Yield" or the top 2 tier ranking with Pink Sheets. To receive future updates via email, including quarterly newsletters and company updates that may not be newsworthy, however important to the reader and followers of the company, please sign up today free at http://www.minamargroup.com/updates Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Eline Entertainment Group Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Eline Entertainment Group Inc. cautions you that any forward-looking information provided by or on behalf of Eline Entertainment Group Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Eline Entertainment Group Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Eline Entertainment Group Inc.'s control. In addition to those discussed in Eline Entertainment Group Inc.'s press releases, public filings, and statements by Eline Entertainment Group Inc.'s management, including, but not limited to, Eline Entertainment Group Inc.'s estimate of the sufficiency of its existing capital resources, Eline Entertainment Group Inc.'s ability to raise additional capital to fund future operations, Eline Entertainment Group Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Eline Entertainment Group Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Eline Entertainment Group Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. CONTACT: For any investor relations matters, please contact http://www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, http://www.minamargroup.net/ (IR); For (M&A) and Corporate Matters, http://www.minamargroup.com/ DATASOURCE: Eline Entertainment Group Inc. CONTACT: For any investor relations matters, please contact http://www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, http://www.minamargroup.net/ (IR); For (M&A) and Corporate Matters, http://www.minamargroup.com/

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