Conspiracy Entertainment/CPYE Featured by Grass Roots Research and Distribution Inc. with a ‘Buy’ Rating

Conspiracy Entertainment Holdings, Inc. ("Conspiracy Entertainment") (OTCBB: CPYE), through its wholly owned subsidiary, Conspiracy Entertainment Corporation is a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that an updated research report has been issued on the Company by research firm, Grass Roots Research and Distribution, Inc. with a "BUY" recommendation. The piece examines the potential continued growth of the Company as it enters into the holiday selling season for its titles which includes the most recent release, Rock of the Dead and Witches & Vampires.

"We are pleased to have Paul Cohen provide an updated report on Conspiracy Entertainment. The report presents a great overview of our Company and the potential sales growth that we can achieve over the next several years,” commented Sirus Ahmadi, CEO of Conspiracy Entertainment Holdings, Inc.

The entire report can be found on www.grassrootsrd.com

About Grass Roots Research and Distribution, Inc.

Led by D. Paul Cohen, Grass Roots Research is the Investor Awareness Industry’s Research Firm of Choice, Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).

Grass Roots Research includes contracted analysts at the Ph.D level, CPAs, CFAs, MBAs and 20+ analysts at highly credentialed levels. The backbone of the fundamental research is targeted at stock investment that includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. For more information, readers can visit the company's website at www.grassrootsrd.com

About Conspiracy Entertainment Holdings, Inc.

Conspiracy Entertainment Holdings, Inc., through its wholly owned subsidiary, Conspiracy Entertainment Corporation, is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.

Forward-Looking Statements

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Conspiracy Entertainment Holdings, Inc. can be found in the filings of Conspiracy Entertainment Holdings, Inc. with the U.S. Securities and Exchange Commission.

Conspiracy Entertainment has paid Marnet Holdings, Inc. for investor relations services and as part of these services, Marnet Holdings paid $7,500 for the preparation of this report prepared by Grass Roots Research and Distribution, Inc. and there can be no assurance that the assumptions made in the report will occur.