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Leonard Lauren Joins Carolco Pictures Board of Directors

LOS ANGELES, CA--(Marketwired - Feb 1, 2016) -  Carolco Pictures, Inc. ( OTCQB : CRCO ) today announced that Leonard Lauren, retired VP of Polo Ralph Lauren Corporation has joined the Board of Directors.

Mr. Lauren has served on multiple boards including the National Humane Society, Universal American and the Brae Burn Country Club. He has also been a member of advisory boards Barnum in Branson and MediaREADY and previously held the office of President at Alsten Co.

"We are thrilled to have Mr. Lauren on our Board of Directors. Mr. Lauren's wealth of experience and innovative thinking will be a tremendous asset to Carolco. We see his business acumen and commitment to our growth as an invaluable resource," said Tarek Kirschen, CEO.

Leonard Lauren said: "I am pleased to join the Carolco family, especially at this exciting time. Carolco has limitless potential. I look forward to contributing to the future and vision of this iconic company."

About Carolco Pictures, Inc.: Carolco is a diversified entertainment company engaged in the financing, production, and leasing of motion picture properties. Carolco's most recent regulatory filings and financial information can be found on the Securities and Exchange Commission's website at www.sec.gov

Forward-Looking Statements: Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue", or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and Current Reports of Form 8-K.