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

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To: Protius who wrote (1454)10/28/1998 10:36:00 AM
From: Eman03  Read Replies (1) of 5541
 
Magic Entertainment, Inc's. Speedway Junky Named
To Hollywood Reporter's "A" List Of Films At Mifed

One Of Nine Films That Should Generate "Major Buzz and Business"

SAN MATEO, Calif.---(ENTERTAINMENT WIRE)--Oct. 28, 1998-- Magic Entertainment, Inc., a wholly owned
subsidiary of 1st Miracle Group, Inc. (OTC BB: MVEE), today announced that the Hollywood Reporter, one of the film
industry's most prominent publications, has placed ''Speedway Junky'' on its ''A'' list of films at the upcoming Milan Film
Festival (MIFED).

''Speedway Junky'' is the story of an 18 year old boy who dreams of becoming a race car driver and winning the Daytona
500. But how does a young boy of this age achieve such a dream with only $160 in his pocket; Las Vegas holds the answer.
He hitchhikes to the gambling town only to be thrown out of every casino because of his age. After being robbed of his money
by a young woman, he begins spending his nights on the street with other desperate kids. He meets a woman with whom he
loses his virginity, who then adopts him and starts to turn his life around and helps him to achieve his dream. A love story
develops between this 30-year-old woman (Darryl Hannah) and 18-year old boy (Jesse Bradford). The film also stars
Jonathan Taylor-Thomas Patsy Kensit, Warren G. and Tiffani-Amber Thiessen.

Commenting on the announcement, Menahem Golan, co chairman, stated, ''We are very proud that Speedway Junky has been
selected by the Hollywood Reporter as one of its picks to ''generate major buzz'' at the upcoming Milan Film Festival.
Although we are a bit prejudiced, we too feel the film will create tremendous talk in Milan which we believe will translate into
positive sales. 'Speedway Junky' possesses a great cast, a great script and was superbly directed, all main ingredients for a
successful film.''

The film, A Magic Entertainment Production, is being executive produced by Gus Van Sant, Menahem Golan and Yoram
Globus co-executive producers. The Nickolas Perry film will be produced by Rodney Omanoff, Randell Emmett, Jeff Rice and
George Furla.

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.
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