MVEE over view:
1st Miracle Group Inc. (OTC BB: MVEE)
OVERVIEW
1st Miracle is an independent film production company focused on the development of full length features in a number of
popular genres, including comedy, action and drama. MVEE, is a Canadian Company presently reporting in Canada. The Last
Canadian filing (4/99) reports approximately 109 million Outstanding Shares. MVEE management has stated that it intends to
become an U.S. SEC filing company and is expected to file to become a US reporting company. Canadian Filings
MANAGEMENT
MVEE was founded by Menahem Golan and Yoram Globus of Cannon Pictures fame. However Globus has left the company
and Golan is now only serving as a consultant. The current MVEE Board of Directors includes CEO Tony Cataldo,
Vice-Chairman Mohamed Hadid, John Salley and Jean-Claude Van Damme.
Tony Cataldo, could well be nicknamed Turn-Around Tony Cataldo. The results he obtained with his previous 3 companys
are quite impressive raising the stock price from just above $1 to over $5 at SNTKY, from $2 to $16 at PMTI and from .87
to $2.81 at MTI. Since joining MVEE Cataldo has struck deals with stars Brooke Shields, Jean-Claude Van Damme and
Andrew Dice Clay. Also he has secured the rights to produce ''Held for Ransom'' based on the book ''Ransom'' by Lois
Duncan, author of ''I Know What You Did Last Summer'', as well as, ''They Never Came Home'' by the same author. And he
secured foreign pre- sales in excess of $4.5 million during the 1999 Cannes Film Festival. secured foreign sales in excess of
$4.5 million during the 1999 Cannes Film Festival. Additionally a corporate headquarters in Los Angles, the Mecca of the
movie industry has been established under Cataldo. Cataldo is also president of The Entertainment Internet, Inc. Biography
Cataldo
Mohamed Hadid the Vice-Chairman of MVEE has an impressive history and is also the Entertainment Internet's New
Chairman as well as Chairman of Sector Communications, Inc. Additionally, Mr. Hadid serves as Chairman of Hadid
Development Company and is Managing Director of Emerald Capital Corporation. He also holds a number of senior
management positions with a portfolio of companies, including Founding Co-Chairman of Global Communications Group
(www.usagl.com), and Co-Founder and Director of Voice Powered Technology. Mr. Hadid formerly was the largest single
owner of the Ritz Carlton Hotels, with properties in Aspen; Washington, DC; Houston and New York. He has been
responsible for the development of over seven million square feet of commercial office buildings in the greater Washington,
D.C. area, with the total value estimated in excess of $2.7 billion U.S. dollars. A former Director of Adams National Bank and
Advisory Board Director of National Enterprise Bank, Mr. Hadid was responsible for structuring over $200,000,000 in
financing for smallcap and emerging public companies. Mr. Hadid earned a bachelor's in science from North Carolina State
University and attended graduate school at the Massachusetts Institute of Technology.
MVEE related EINI News #1
MVEE related EINI News #2
Jean-Claude Van Damme, born Jean-Claude Van Varenberg, not only brings his international star power to MVEE but also
brings his extensive experience as an actor, writer, producer, and director to the company. MVEE has entered into a
three-year development deal with Jean-Claude Van Damme's Long Road Films. Under the terms of the deal, First Miracle
receives 50 percent of Long Road's interest in three completed Van Damme films and first right of refusal on the other projects
currently in development at Long Road Films. The projects will be co-owned and co-produced by First Miracle and Long
Road Films, with all worldwide revenues generated under the agreement to be shared on a 50/50 basis between the two
entities. Van Damme also joined First Miracle's board of directors.
John Salley, three time NBA champion and founder of UJAMMA Entertainment provides the Company with number of
potential new business opportunities including both music videos and films. Salley attended Georgia Tech and received his
degree in industrial management in 1988. In addition to his duties as a commentator for NBC He has hosted a pilot for "The
John Salley Show" and has made appearances on television programs including "Politically Incorrect" and in the feature films
"Eddie" starring Whoopi Goldberg and "Bad Boys" starring Will Smith and Martin Lawrence. He will soon begin producing his
first movie, "Tapped Out" featuring Vivica Fox. NBC Bio John Salley
PROJECTS
Grizzly Mountain, starring Dan Haggerty, is a highly successful film for the company, it was ranked number eight on the top
10 sell through return on investment list for the week ended April 26. The film was acquired from Mega Communications.
Escape To Grizzly Mountain, also starring Dan Haggerty, was recently completed and is also expected to do well on video.
It is being developed in conjunction with Tomorrow Films.
Speedway Junky starring Darryl Hannah, Jesse Bradford, Jordan Brower, Jonathan Taylor Thomas with rap singer Warren
G, Tiffani-Amber Thiessen, and Patsy Kensit. This picture cost about 2 million to make.
ROLL THE DICE, a 1 1/2 hour comedy special showcasing comedian and actor Andrew Dice Clay which the company has
recently secured the rights to. The special, filmed during a recent Las Vegas show, will feature behind-the-scenes footage and
live stand-up routine. The project was produced by George Furla and Randall Emmett.
I'm Over Here, starring Andrew Dice Clay.
After Sex starring Brooke Shields has already received for the film, including $857,500 in international pre-sales.
Delta Force One: The Lost Patrol was completed in March, Staring Chuck Norris's Son Mike. The current status is
unknown.
PARTNERS and DEALS
1st Miracle Group, Inc. announced that it has entered into a multi-picture foreign distribution agreement with Cutting Edge
Entertainment, Inc. a leading international distributor of films. Cutting Edge was founded in 1994. During the past year,
Cutting Edge was responsible for the distribution of approximately 15 titles and financed six projects, with combined sales in
excess of $20 million.
First Miracle Group (OTC BB:MVEE) has entered into a three-year first-look development deal with Jean-Claude Van
Damme's Long Road Films.
Tommorrow Films provides financing for "Escape To Grizzly Mountain".
Emmett/Furla Films will provide production services on a number of MVEE films including After Sex starring Brooke
Shields.
Lois Duncan, author of I Know What You Did Last Summer has agreed to terms with MVEE to produce 2 of her latest
books, Held for Ransom and They Never Came Home.
KENTARO son of STEVEN SEAGAL also has a contract with to make 5 movies in the future. There is rumor that they
have signed his father to make an appearance in one of his films. Whether this contract is completed is unknown at this point in
time.
SUMMARY
The 1st Miracle Group has the potential to become to become a major competitor in the independent film industry. 1st
Miracle's mandate is to secure high profile scripts with top talent attached, the new management team is moving forward with
that goal. Cataldo provides MVEE with business savy and a proven track record of successfully turning companys around. The
company announced that it has already secured foreign pre-sales in excess of $4.5 million since Cataldo joined MVEE. Van
Damme brings his star power, international appeal and industry expertise to the company. John Salley brings youthful and
exciting new projects to the table, along with his contacts in the television and music industry. It is anticipated that with U.S.
SEC filing along with domestic sale of their first movie, the capital will allow them to do many great projects in the future. This
provides the company with great future potential.
jimmy |
