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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: Buckey who wrote (4775)	11/2/1999 2:04:00 PM
From: Walter Morton	Read Replies (1) \| Respond to of 5541

EINI released news today: Tuesday November 2, 8:08 am Eastern Time Company Press Release The Entertainment Internet ``TEI' Introduces New Services, Reassures Investors Form 10 Filing ``On-Track' TEI's Castnet.com secures Miracle Film Exclusive HOLLYWOOD--(BUSINESS WIRE)--Nov. 2, 1999--The Entertainment Internet Inc. (OTCBB:EINI - news) assured investors today that its Form 10 filing is already under preparation and expected within the compliance deadlines associated with its trading symbol. Chief Operating Officer Jeremy Schuster said the company earlier engaged outside counsel to prepare the Form 10 filing and that the company has been assured the filing is ``on-track.' ``We are focused on a major programming initiative which will allow introduction of several new services for Castnet.com, our electronic casting submission service,' said Schuster. ``We are also concentrating on the merger with First Miracle Group (OTCBB:MVEE - news), making this a very busy time for everyone associated with TEI.' TEI recently released a demonstration page for its CastnetExtras service, expected to be released in November. ``We continue to form the vanguard for entertainment services, despite every perceived obstacle,' said Schuster. ``The introduction of CastnetExtras and CastnetBabies will open casting to virtually anyone who wants to be involved in film or television.' TEI Board Chairman Mohamed Hadid said, ``Investors want press releases, but our efforts must be focused on revitalization of the company and the upcoming merger. We have a lot of work to do, but we expect a fantastic turnaround as we meet our set objectives.' Casnet.com Secures Miracle Film Exclusive The Entertainment Internet Inc. also reports securing an exclusive casting agreement for its Castnet.com service which guarantees it principal casting rights for all First Miracle Group (aka Miracle Entertainment) films. The agreement, signed late Wednesday after months of negotiation, provides Castnet.com with an exclusive contract for all First Miracle Group films and mandates use of Castnet.com's services for casting of principal talent and extras. TEI Chairman Mohamed Hadid said, ``Castnet's agreement with First Miracle shows the value of our strategic alliances.' Hadid said the agreement should ``open the door' for thousands of actors and extras to take advantage of the latest technology in casting submissions. Schuster said, ``The exclusive casting agreement is a tremendous benefit for our client base and new enrollees for CastnetExtras and CastnetBabies.' Earlier this week TEI announced a Castnet.com exclusive for an ongoing David E. Kelley production. According to Schuster, the casting agreements announced this week were ``only two in a series' of exclusives negotiated with producers. About The Entertainment Internet The Entertainment Internet is the parent company of CastNet.com, the leading online casting service that has expanded from Hollywood to New York City. CastNet.com's submissions span the continents; actors in countries such as Germany, England, and South Korea have joined the service. About First Miracle Group First Miracle Group Inc. is an independent and diversified film company with a unique corporate structure based on strategic and exclusive alliances with high-quality content producers. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements involving risks and uncertainties that may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Important factors that may cause such a difference for The Entertainment Internet Inc. include, but are not limited to, risks of delays in preparation and introduction of new services, dependence on outside and third party service providers, consultants, and attorneys, dependence on third party software developers for a significant portion of new products and services, risks of rapid technological change and platform change, intense competition, risks of product defects, dependence upon licenses from third parties, risks associated with present and future capital requirements, dependence upon key personnel and risks associated with domestic business, intellectual property disputes and other factors discussed in the company's filings from time to time with the Securities Exchange Commission. The Entertainment Internet Inc. disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf. -------------------------------------------------------------------------------- Contact: The Entertainment Internet Richard Horgan, 323/904-4936 or Coffin Communications Group Sean Collins, 818/789-0100