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Microcap & Penny Stocks : 1st Miracle Group (MVEE) Facts Thread

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To: rdunn1 who wrote (172)4/10/2000 10:13:00 PM
From: Walter Morton   of 257
 
4/10/2000 -- NASD sends MVEE back to MVEEE

1st Miracle Group Reverts Back to 'E'

LOS ANGELES, April 10 /PRNewswire/ -- 1st Miracle Group, Inc. (OTC Bulletin Board: MVEE - news; the ``Company') has been advised by the National Association of Securities Dealers (``NASD') that the Securities and Exchange Commission (``SEC') has issued additional comments regarding the Company's Form 8-K filing concerning the April 3, 2000 transaction with K-9 Protection Services. As a result of these comments, an ``E' shall be appended to the Company's current trading symbol on April 11, 2000.

The April 5, 2000 comment letter from the SEC focuses on certain deficiencies in the April 3, 2000 Form 8-K which need to be addressed by the Company before the expiration of 30 days from April 11, 2000. Should the Company clear SEC comments prior to May 11, 2000, the Company shall continue to be listed on the OTCBB. In the event the Company is unable to clear comments, the Company shall be listed on the National Quotation Bureau (``pink-sheets') until such time as the Company has addressed the SEC comments to the SEC's satisfaction.

This statement includes projections of future results and ``forward-looking statements' as that term is defined in Section 27A of the Securities Act of 1933 as amended (the ``Securities Act'), and Section 21E of the Securities Exchange Act of 1934 as amended (the ``Exchange Act'). Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this Statement, including, without limitation, in conjunction with those forward-looking statements contained in this Statement.

SOURCE: 1st Miracle Group, Inc.
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