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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: ERRAFF who wrote (3041)5/11/1999 9:06:00 AM
From: J T  Read Replies (1) of 5541
 
(BSNS WIRE) 1st Miracle Group, Inc. to Produce "After Sex" Starring Broo
1st Miracle Group, Inc. to Produce "After Sex" Starring Brooke Shields


Business Editors, Entertainment Writers

NEW YORK--(BUSINESS WIRE)--May 11, 1999--

Pre-sales for Film Already Reach $857,000 in Only
Three Foreign Markets

1st Miracle Group, Inc. (OTC BB: MVEE) today announced that it
has secured the rights to produce "After Sex" starring Brooke Shields.
The film scheduled to begin production in early June, will be
distributed internationally through Cutting Edge Entertainment, Inc.
as part of First Miracle's recently announced multi-picture agreement.
The Company has already secured pre-sales of $857,000 in only three
foreign markets and anticipates additional significant sales during
this month's Cannes Film Festival. Additionally, the Company is
presently in discussions with several US distributors.
"After Sex" is a touching romantic comedy which takes a look at
what happens when modern relationships enter that critical
time...after sex. At the center of the tale is Kate, played by Ms.
Shields, who takes off on a "girls only" weekend and explores the
personal turmoil which ensues after a wild night on the town.
Commenting on the film, Tony Cataldo, CEO of First Miracle,
stated, "After Sex" is a tremendous opportunity for First Miracle -
one which we believe has the potential to be our most high profile
project to-date. We are equally delighted to have Ms. Shields on board
and believe that her recent success in comedy on NBC's "Suddenly
Susan" should carry over well to the big screen.
"It is also my pleasure to announce that we have already secured
distribution for the film in the foreign markets through Cutting Edge.
Based on the tremendous interest we have already received for the
film, including $857,500 in international pre-sales, Cutting Edge
anticipates sales significantly increasing during the Cannes Film
Festival."
The film will be produced by Randall Emmett and George Furla who
previously produced, for First Miracle, "Speedway Junky" starring
Daryl Hannah and Jonathan Taylor Thomas and "I'm Over Here" starring
Andrew Dice Clay as well as "Escape to Grizzly Mountain" (which
completed production ten days ago) starring Dan Haggerty. "After Sex"
will be directed by Cameron Thor (director of "Shaded Places" starring
Christina Applegate and Molly Ringwald). The project is based on an
original screenplay by Thomas M. Kostigen.
First Miracle will be presenting "After Sex", "Speedway Junky",
"I'm Over Here" and another exciting project to be announced at the
Cannes Film Festival later this week.
First Miracle is an independent film production company focused
on the development of full-length features in a number of popular
genres, including comedy, action and drama.

--30--et/ny*

CONTACT: Rubenstein Public Relations
Clint Cantwell, 212/843-8051

KEYWORD: NEW YORK
INDUSTRY KEYWORD: ENTERTAINMENT

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