Queen Street changes corporate name to Knightscove Media Corp.

    New Ticker Symbol to be TSXV: KC to take effect at the opening on August
    16, 2007

    Company Announces Appointment of Director, Business & Legal Affairs

    TORONTO, Aug. 15 /CNW/ - Queen Street Entertainment Capital Inc. (TSXV:
QE), a fully integrated Canadian entertainment company specializing in the
distribution, creation and financing of high quality live action feature films
and television productions for the whole family, is pleased to announce that
it has legally changed its name to Knightscove Media Corp. This name change
was approved at the annual shareholders' meeting and by the board of directors
effective July 10, 2007. "Consistent branding of the Knightscove label as the
company moves forward was a driving determination in the decision to change
the name," says Leif Bristow, Knightscove's President. "We want to make sure
that the message and recognition which we receive within our industry,
together with the goodwill associated with the Knightscove name, as a provider
of Family Friendly product, is easily communicated to our shareholders and the
public market."
    Knightscove Media Corp. also announced that Naomi Zener has joined the
company as the new Director, Business & Legal Affairs, replacing Melissa
Taylor who left the company in May 2007. Ms. Zener's industry experience
includes the position of Legal Counsel at the Canadian Broadcasting
Corporation (CBC) as well as Manager, Business, Rights & Content Management
(A&E, English Television) at the CBC. Additionally, Ms. Zener brings
development, production and distribution experience from having worked at both
Prospero Pictures and Summerhill Entertainment. Zener holds a BA from McGill
University, an LLB from York University, and an LLM from the University of
    "We are very pleased to have Ms. Zener join the Knightscove team; her
experience in the industry together with her willingness to learn the
protocols around the public reporting requirements will make her a great asset
to the company and the shareholders," said Mr. Bristow.
    Zener stated, "I am very excited about the potential for Knightscove in
the entertainment business. Technology has made possible vast outlets for
movies and TV, and there is a shortage of quality, family-oriented content.
Knightscove is uniquely positioned to feed this appetite. With its recent
acquisition of Morningstar Entertainment, it has taken a significant step in
the execution of its business plan, including a potential expansion into the
United States. I look forward to playing my role in the firm."

    Along with Knightscove Family Films, Morningstar Entertainment Inc. is an
operating subsidiary of Knightscove Media Corp, and one of Canada's leading
independent home entertainment distribution companies in the home video and
DVD markets. Established 15 years ago, Morningstar has pioneered retail and
consumer acceptance for all styles of programming, including family, drama,
fitness, documentary, among others. With non-conventional, out-of-the-box
marketing strategies, Morningstar's success extends to promoting television,
film and niche market properties, with over 1,000 DVD titles in its current
library. The company has built a unique reputation based on integrity and
superior service to both content creators and retail industry alike.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release or the
    information contained herein.

For further information:

For further information: Company Contact: Knightscove Media Corp., Leif
Bristow, President and Chief Executive Officer, (416) 691-6655 ext 222;
Investor Relations: Porter, LeVay & Rose, Inc., Michael Porter, President,
(212) 564-4700

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