Face Up Entertainment Group, Inc., a Reality Gaming Social Network Company, Announces Release of Software Version 3.0

VALLEY STREAM, N.Y., Aug. 29, 2012 /PRNewswire/ -- Face Up Entertainment Group, Inc. (OTCBB: FUEG), announced today the release of software version 3.0.  This version improves on gaming stability for users with older spec machines and weaker internet connections.  Version 3.0 also includes the introduction of a new tournament stat system integrated directly onto the tables for quick reference.  This release also sets the basis for version 3.1, coming shortly,  which will look to enhance audio streaming quality, ability to chat while in full screen and  further enhance  flash security.

Mr. Felix Elinson, the Company's Chief Executive Officer stated "as our user base continues to expand, we have found that a number of our members are still using older computers and in some cases with slower internet connections. Version 3.0 is designed to address these challenges by providing our user with dynamic connectivity to our site allowing for a more enjoyable user experience regardless of geographical location, connectivity or system specifications."

Face Up Entertainment Group, Inc. is a legal non-wagering online gaming platform (www.FaceUpGaming.com). Today, none of the subscription based online gaming sites offer players the ability to see one another and speak live during game play.

Face Up Entertainment Group, Inc. is committed to responsible game-play and is not a gambling site. "Our goal is to maintain the thrill of online games while keeping it safe for everyone. "Our social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day. Our users sit down to play a game and more often than not leave making a connection with a stranger which is then maintained via our social network functionalities," stated Mr. Elinson.

Contact: [email protected] Tel: 516 303 8100

Forward-Looking Statement

Matters discussed in this release may constitute forward-looking statements. The U.S. Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.

Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, provide,  future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "easier", "reflective," "more," and similar expressions identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to identify and in-license and the ability to adequately fund such targeted acquisitions. Risks and uncertainties are further described in reports filed by Game Face Gaming, Inc with the U.S. Securities and Exchange Commission.

SOURCE Face Up Entertainment Group, Inc.