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

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To: Scooter who wrote (1228)9/17/1998 10:52:00 AM
From: CrazyTrain  Read Replies (1) of 5541
 
(BSNS WIRE) Magic Entertainment, Inc. Announces Completion of Filming On Magic Entertainment, Inc. Announces Completion of Filming On Delta Force One


Business Editors, Entertainment Writers/Columnists

NEW YORK--(BUSINESS WIRE)--Sept. 17, 1998--

Company To Showcase Delta Force One and Speedway
Junky At Upcoming Milan Film Festival

Magic Entertainment, Inc., a wholly owned subsidiary of 1st Miracle Group, Inc. (OTC BB: MVEE), today announced that it has completed filming of its second film, "Delta Force One."

The Company's first film, "Speedway Junky," completed filming on August 18, 1998. Both films are now in post-production and will be shown at the Milan Film Festival next month in Milan, Italy.

"Delta Force One" is part of the "Delta Force" series which originally starred action star Chuck Norris and which was created by the Golan/Globus team. "Delta Force One" stars Mike Norris, Chuck's son, Gary Daniels, John Rhys-Davies, and Bentley Mitchum, the grandson of film legend Robert Mitchum. The film was shot on location in Israel.

The film is the story of a new generation of the Delta Force commando unit which is called into action by the U.S. government when a United Nations peacekeeping patrol is taken hostage by a powerful Middle East arms smuggler known only as "Ivan" (Rhys-Davies). Ivan has stockpiled an array of nuclear and other weapons of mass destruction and intends to use the peacekeeping patrol as leverage to increase his power and prevent an attack by U.S. forces. The Delta Force is dispatched on a top-secret mission to rescue the hostages and destroy Ivan, with the consequences of failure being the possible nuclear annihilation of the Middle East.

The film's script was written by Peter Welbeck and was produced by Menahem Golan and Yoram Globus on behalf of Magic Entertainment. Commenting on the announcement, Menahem Golan, co-chairman of Magic Entertainment, stated, "We are pleased to note the film was completed on time and on budget, as was our previous film 'Speedway Junky.' Producing films on time and on budget is a key to our success and is an important part of our business strategy. We are confident that all our films will be completed in this manner."

Mr. Golan continued, "We are extremely excited about the potential for 'Delta Force One' as the prior films have built a loyal fan following. The name recognition of the 'Delta Force' series remains considerable. The original film was a tremendous success and based on the script, cast and production quality, we are confident 'Delta Force One' will follow in the footsteps of the original."

Magic Entertainment, a wholly-owned subsidiary of 1st Miracle Group, Inc., was co-founded by Menahem Golan and Yoram Globus to produce and distribute feature length motion pictures.

--30--sid/ny*

CONTACT: 1st Miracle Group, Inc., San Mateo
Peter Benz, 650/340-1074
or
Rubenstein Investor Relations, New York
Jeffrey Volk, 212/843-8086

KEYWORD: NEW YORK CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED PUBLISHING
ENTERTAINMENT PRODUCT

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*** end of story ***

Gee... Maybe I'm smarter than I realize:)
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