NEW YORK, April 2, 2008 /PRNewswire-FirstCall/ -- Paradise Music &
Entertainment, Inc. (PDSE.PK), today announced the engagement of a
Financial Advisor.

    On March 28, Paradise Music & Entertainment, Inc. ("Paradise") entered
into a Financial Advisory Agreement with Carlton Capital, Inc. ("CCI"), a
wholly owned subsidiary of Clayton Dunning Group, Inc. (CGGP.PK) wherein
CCI agreed to provide consulting and advisor services to Paradise.

    The Financial Advisory Agreement provides that the company may request
CCI to provide recommendations concerning corporate finance matters
including such matters as: (i) Changes in the capitalization of the
Company; (ii) Changes in the Company's corporate structure; (iii)
Redistribution of shareholdings of the Company's stock; (iv) Offerings of
securities in public and private transactions; (v) Alternative uses of
corporate assets; (vi) Structure and use of debt; (vii) Sales of stock by
insiders pursuant to Rule 144 or otherwise; (viii) Counsel management with
respect to listing on a National Exchange; (ix) Strategic planning for the
Company; (x) the acquisition of and/or merger with other companies, the
sale of the Company itself, or any of its assets, subsidiaries or
affiliates, or similar type of transaction (hereinafter referred to as a
"Transaction"); and (xi) financings from financial institutions, including
but not limited to lines of credit, performance bonds, letters of credit,
loans or other financings (hereinafter referred to as an "institutional
financing").

    In consideration for the consulting services rendered by CCI to the
Company pursuant to this Agreement the Company agreed to pay to CCI
compensation of Ten Thousand shares of the Company's Series C Preferred
Stock. Other fees and expenses may be incurred by the Company in the event
that CCI provides such services.

    Dick Rifenburgh, CEO of Paradise, commented, "We are very pleased to
have the services of Carlton Capital available to the Company's next phase
of our growth plan."

    Chris Messalas, Managing Partner of Carlton Capital, Inc. and CEO of
Clayton Dunning Group, Inc. said, "Carlton is excited about working with
Paradise and its environmental business. We look forward to a long and
exciting relationship as we deploy the resources of Carlton Capital and its
affiliated organizations to help Paradise grow."

    About Paradise Music & Entertainment, Inc.

    Paradise, through its wholly-owned operating subsidiary Environmental
Testing Laboratories, Inc., provides a wide range of
environmentally-related laboratory testing services. ETL operates
profitably in the nationwide, $1.8 billion a year, environmental testing
industry. Expanding ETL's environmental testing business is a focal point
for ETL.

    This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Investors
are cautioned that these forward-looking statements involve uncertainties
and risks that could cause actual performance and results of operations to
differ materially from those anticipated. These risks and uncertainties
include issues related to the ability to: obtain sufficient funding to
continue operations, maintain adequate cash flow, profitably exploit new
ventures, as well as other factors set forth in Paradise's most recently
filed Form 10-K and Form 10-Q reports. The forward-looking statements
contained herein represent the Company's judgment as of the date of this
release and it cautions readers not to place undue reliance on such
statements. Paradise assumes no obligation to update the statements
contained in this release.

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