Telecommunications

[January 11, 2013]

FAB Universal To Ring Closing Bell on NYSE

FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, will be ringing The Closing Bell® at the New York Stock Exchange on Monday, January 14^th, to celebrate the closing of the FAB acquisition.

In commemoration of the event, Company representatives will take part in the Closing Bell ceremony to officially close the market. Participating in the event will be: FAB Universal's Chief Executive Officer Chris Spencer, Chief Financial Officer John Busshaus and VP of Media Technology Laurie Sims, among others.

"We're excited to celebrate this business milestone with FAB Universal," said Scott R. Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. "We wish FAB Universal continued success and look forward to a long-standing partnership with the company and its shareholders."

"Ringing The Closing Bell at the NYSE will be very special," said FAB Universal CEO, Chris Spencer. "We are humbled to participate in an event with this organization that has such a long and remarkable history. Our tenure on the New York Stock Exchange has been very rewarding. As we expand our business internationally over the next few years we believe the NYSE and its global reach is will provide the best value for our sharholders."

About FAB Universal Corp:

FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores, Retail Franchises and online through Apple (News - Alert) iTunes and Google Android through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries. Sales of digital media are generated through kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2011, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at contact@fabuniversal.com.

Legal Notice

Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.

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