ENCINO, Calif.--(BUSINESS WIRE)--Oct. 19, 1999--Glenhills Corp. (GLNC.OB)
announced today that the company has signed a letter of intent with Millennium Multi-Media Inc.
Under terms of the agreement, Glenhills Corp. will be acquiring 100% of the outstanding capital
stock of Millennium Multi-Media. A definitive purchase agreement is scheduled to be signed no
later than Dec. 15, 1999.
Millennium Multi-Media is a modern Internet entertainment company embracing traditional and
digital communication modes to provide a new age of entertainment content to consumers in the
United States and around the world. At a time when traditional distinctions between various
entertainment segments are blurring, Millennium capitalizes on its wealth of managerial expertise in
the industry and its affiliations with leading media corporations to advance the transformation of
the global entertainment market.
Leading the way on the management side for Millennium is Charles Weber, the former CEO &
President of Lucasfilm Ltd. For the past 20 years, Weber has been a successful key executive in
the Entertainment/Communications Industry. As President and CEO of George Lucas' company,
Weber was responsible for all aspects of the company's operations, including international
operations, financing, negotiations, production, licensing, merchandising, Industrial Light and
Magic and THX. He was also involved in the making of: ''The Empire Strikes Back,'' ''Raiders
of the Lost Ark,'' and ''More American Graffiti.''
Presently, worldwide demand for U.S. entertainment is vigorous and continues to grow at
double-digit rates domestically, and even faster abroad. By utilizing the Internet and technology
developments, Millennium Multi-Media is positioning itself to be a leader in providing consumers
access to a wide variety of entertainment products and services.
Glenhills Corp.'s wholly owned subsidiary, Access Research Corp., which performed market
research studies has been closed to make way for Glenhills Corp. opportunity to capitalize on the
growth of the Internet and multi-billion dollar entertainment industry.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein,
the statements in this Press Release are forward-looking statements that are made pursuant to the
safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the company's actual results in
the future periods to differ materially from forecasted results.
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