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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Osiris who wrote (3791)	7/15/1999 2:59:00 PM
From: Osiris	Read Replies (1) \| Respond to of 5541

Our boy Tony Cataldo was named President of Entertainment Internet. LOS ANGELES, July 15 /PRNewswire/ -- The Entertainment Internet, Inc. (OTC Bulletin Board: EINI), together with its wholly owned subsidiary, CastNet.com, Hollywood's leading online casting service, announced today several changes in its management structure. In order to follow its strategic plans, The Entertainment Internet is pleased to announce that Mr. Mohamed Hadid is the new Chairman, and the current Board of Directors has unanimously approved Tony Cataldo as President of CastNet.com. The Entertainment Internet's CastNet.com President Tony Cataldo Mr. Cataldo is CEO of First Miracle Group, Inc, an independent and diversified film company with a unique corporate structure based on strategic and exclusive alliances with high quality content producers, including Long Road Films and Emmett/Furla Films. As part of First Miracle's recently announced exclusive development deal with Jean Claude Van Damme's Long Road Films, all worldwide revenues generated by the film will be shared on a 50/50 basis between the two entities. How does this affect us??

To: Osiris who wrote (3791)	7/16/1999 12:26:00 PM
From: Stephen Goldfarb	Read Replies (3) \| Respond to of 5541

The CNN coverage of the Brooke Shields film may be responsible for a significant part of the last days' volume and price action. Some First Miracle followers might see the upward price movement as a unique event. Usually good news is accompanied by further price erosion. Of course, its still early. I spoke to investor relations recently. My understanding or interpretation... Company may wish to focus on films similar to Brooke Shield's film. Broad general appeal, recognized stars, low budget. Van Damme's shares reportedly did not add to the outstanding shares. The shares received were already outstanding. Benefit to Long Road Films (Van Damme) of affiliation with First Miracle is gain of production capability. The audited financial statements for the company were reportedly completed. Next step is a filing with the SEC. Details unknown. Reportedly no imminent plans for a reverse split. No certainty that one will occur. (No certainty that one will not occur.) Large number of outstanding shares will need to be addressed at some unspecified time. The company is reportedly able to finance current activities by international pre-sales and some revenue from existing projects (eg., Grizzly Mountain). New management is presumed to have different philosophy about financing company ventures. Incoming revenue helps. Company would like to find better support for shares. At present, no long term or institutional support. Leads to climate of multiple short term day trades, high volume, little price action. Speedway Junky still being shopped. Limited theatrical release being considered. Lima, Breaking the Silence. Status unclear. May be off the table. Convertible debenture? Unknown. Steve