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Microcap & Penny Stocks : PMGIF - Creating Internet Site for SPICE Channel (PLAYBOY)

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To: Jacalyn Deaner who wrote (98)6/22/1999 7:29:00 PM
From: Jacalyn Deaner  Read Replies (2) of 139
 
This sent to McNamara Certified Return Receipt:
6/22/99
Jacalyn M. Deaner
P.O. Box ####
******* TX ***##
000 000 0000

June 22, 1999

Mr. McNamara
Celebrity
Princeton Media PMGIF
214 Brazilian Avenue Suite 300
Palm Beach, Florida 33480

RE: PMGIF/Spice now Playboy "exclusive rights to programming and internet site"

Dear Mr. McNamara:

I am an investor/shareholder in your corporation PMGIF and as of your latest filings, you indicate you are working
towards increasing shareholder value. Exactly how and when is this going to occur? I have been waiting to hear from
your offices - either you don't get your messages, or you choose not to answer them when you do receive them.

So I have taken the opportunity to contact Playboy directly and their attorney is looking into the "exclusive rights" and
what that means for PMGIF in terms of revenues and any increased valuation. I understand you made Flipper movies in
1995, you have "Celebrity productions" making all types of movies for adult entertainment and your association with
www.persiankitten.com of 1998 is all well and good on paper but what about revenues? I understand your 450,000 loan from PMGIF was for Celebrity - what is happening with that and are you paying that sum back, ie are your movies making money?

You fired your New York City PR firm in late fall and your offices have been negligent to investor requests. I
expect you will be receiving an inquiry or two from Playboy attorneys out of Los Angeles, CA and I should also
appreciate a response to my concerns elaborated above.

I am enclosing a copy of some information that other investors are in possession of, and we are all waiting to hear your
response. I look forward to hearing from you soon,

Sincerely,

Jacalyn M. Deaner
Certified Mail, Return Receipt Requested
Encls.
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