Exhibit 99.1

 ELINE ENTERTAINMENT GROUP REPORTS FISCAL 2004 YEAR-END RESULTS

KNOXVILLE, Tenn., Feb. 23 /PRNewswire-FirstCall/ -- Eline Entertainment
Group, Inc. (OTC Bulletin Board: EEGI) recently reported its audited
financial results for the fiscal year ended October 31, 2004.

Eline Entertainment Group reported revenues of $4,024,906 for fiscal 2004,
representing an increase of 198% from revenues of $1,350,744 during fiscal 2003.
It should be noted that fiscal 2003 revenues only include revenues from the
company's Industrial Holding division for the five-month period following its
acquisition of Industrial Fabrication & Repair, Inc. (IFR) in May 2003. On an
unaudited, pro-forma basis, assuming that IFR's results had been included for
the entire twelve months ended October 31, 2003, the company's revenues for
fiscal 2003 would have totaled $3,419,992. As such, the company's fiscal 2004
revenues of $4,024,906 would have represented an increase of approximately 18%
from the pro-forma fiscal 2003 total of $3,419,992.

Eline Entertainment Group reported a net loss amounting to $1,147,611 for fiscal
2004, compared to a net loss of $483,370 for fiscal 2003. Included, however, in
the net loss reported for fiscal 2004 was approximately $976,200 of non-cash
expenses related to value of common stock issued as compensation, as well as a
reserve for commitments, contingencies and claims. In fiscal 2003, such non-cash
expenses totaled only $357,060. The net loss for fiscal 2004 also includes a
loss on discontinued operations totaling $244,776 resulting from the disposal of
the company's 24/7 MRI subsidiary. In comparison, the loss from discontinued
operations in fiscal 2003 totaled only $8,947. Absent the aforementioned
non-cash expenses and the loss from discontinued operations, the Company would
have reported a net profit for fiscal 2004 of approximately $73,365.

About Eline Entertainment

Eline Entertainment Group, Inc. is seeking to acquire undervalued opportunities
in traditional industries. Its Industrial Holding Group division owns Industrial
Fabrication and Repair, Inc., an established company with over 20 years of
experience in component sales, machining, specialty design and fabrication for
conveyor systems used in the movement of raw materials, finished goods and
supplies in its customers' manufacturing processes. Its customers are engaged in
various industries in the manufacturing sector, including mining operations,
paper, steel mills, rock quarry operations and bottling facilities located in
the southeastern United States. Its customers include Coca-Cola, PepsiCo,
Tennessee Valley Authority, Kimberly-Clarke Corp., American Limestone, Gerdau
AmeriSteel, Vulcan Materials Co., Harrison Construction, Blue Diamond Coal,
Carlex Glass, HBD Industries and Hartco Flooring.



This press release contains forward-looking statements, some of which may relate
to Eline Entertainment Group, Inc., and which involve numerous risk and
uncertainties. Actual results, performance or achievements could differ
materially from those anticipated in such forward looking statements as a result
of certain factors, including those set forth in Eline Entertainment Group,
Inc.'s filings with the Securities and Exchange Commission.

SOURCE  Eline Entertainment Group, Inc.
    -0-                             02/23/2005
    /CONTACT:  Barry A. Rothman, +1-215-895-9859, for Eline Entertainment
Group, Inc./