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Microcap & Penny Stocks : 1st Miracle Group (MVEE) Facts Thread -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (135)	12/16/1999 11:57:00 AM
From: Walter Morton	Respond to of 257

The Entertainment Internet and Miracle Entertainment Put Proposed Merger On Hold LOS ANGELES--(BUSINESS WIRE)--Dec. 16, 1999--The Entertainment Internet Inc. (OTCBB:EINI - news; TEI) today announced plans to put a proposed merger with Miracle Entertainment (OTCBB:MVEE - news; formerly known as First Miracle Group) aside, citing its intent to avoid perceived union conflicts. TEI Chairman Mohamed Hadid said: ``TEI will build visibility for its Castnet.com subscribers and use its strategic alliances with producers and production companies to increase its market share in ways that respect the integrity of the trade unions.' Miracle Entertainment CEO Tony Cataldo said cancellation of earlier merger plans will not affect its working relationship with TEI, and that it will continue to use TEI's Castnet.com services for all Miracle Entertainment productions. Each party agreed to a release from any earlier merger agreement. biz.yahoo.com