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To: shawn a. becker who wrote ()11/1/1998 2:38:00 AM
From: CrazyTrain  Read Replies (1) of 2038
 
The Milfed festival starts today...

Company Press Release

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.

Contact:

Peter Benz, Chairman
(650) 340-1074
or
Rubenstein Investor Relations
Jeffrey Volk
(212) 843-8086
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