GAMCO Investors, Inc. Files SEC Registration Statement For SPAC

RYE, N.Y.--(Business Wire)--
GAMCO Investors, Inc. (NYSE: GBL) announced today that its
wholly-owned subsidiary Gabelli Entertainment & Telecommunications
Acquisition Corp. ("GENTA") has filed a registration statement with
the Securities and Exchange Commission to raise up to $200 million in
an initial public offering. GENTA expects to offer 20 million units,
each consisting of one share of common stock and one warrant, to the
public at a price of $10.00 per unit.

GENTA has been organized as a special purpose acquisition company
("SPAC") for the purpose of acquiring one or more operating businesses
or assets in the media, entertainment, telecommunications or financial
services industries.

A registration statement relating to the common stock and warrants
has been filed with the Securities and Exchange Commission but has not
yet been declared effective. The units may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective. This release does not constitute an offer or sales
of a security. A sale of the may be made only by a lawful prospectus.

GAMCO
Douglas R. Jamieson, 914-921-5020
President
or
GENTA
Christopher J. Marangi, 914-921-5219
Senior Vice President

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