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

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To: Tim Davies who wrote (4496)8/26/1999 2:01:00 PM
From: J T  Read Replies (1) of 5541
 
(COMTEX) B: First Miracle Responds to Belfair International Ltd. and
B: First Miracle Responds to Belfair International Ltd. and Golan Allegations

WEST HOLLYWOOD, Calif, Aug 26, 1999 (ENTERTAINMENT WIRE) --
FirstMiracle Group Inc. (OTC BB:MVEE) Thursday announced that Anthony
J. Cataldo, chief executive officer of First Miracle Group, has
retained Daniel M. Petrocelli of Mitchell Silberberg & Knupp LLP in Los
Angeles, to represent First Miracle and related parties in a lawsuit
filed by Belfair International Ltd. and Menahem Golan.

In response to an Aug. 25, 1999 press announcement by Belfair and
Golan's lawyer, Cataldo stated, "Mr. Golan's lawsuit is based on a
complete distortion of the facts and has no merit whatsoever."

Cataldo promised that First Miracle vigorously will respond to the
lawsuit and will file counterclaims against Belfair and Golan seeking
substantial damages. "We look forward to our day in court," Cataldo
said.

Contact: Daniel M. Petrocelli, Esq., Mitchell Silberberg & Knupp LLP,
310/312-2000.



Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: First Miracle Group, West Hollywood
Anthony Cataldo, 310/360-7490
or
Coffin Communications Group, Sherman Oaks, Calif.
Sean Collins, 818/789-0100

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