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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: LORD ERNIE who wrote (4935)	1/14/2000 2:20:00 PM
From: OFW	Read Replies (1) \| Respond to of 5541

LOS ANGELES, Jan. 14 /PRNewswire/ -- The Entertainment Internet, Inc. (TEI) (OTC Bulletin Board: EINIE) announced today that the resignation of Mr. Tony Cataldo, earlier offered in conjunction with cancellation of a proposed TEI-Miracle Entertainment (OTC Bulletin Board: MVEE) merger, was accepted by TEI's Board of Directors. Mr. Cataldo served as TEI President and a member of its Board of Directors. TEI Chief Operating Officer Jeremy Schuster said TEI and Miracle Entertainment will continue to work together through earlier-executed casting agreements. 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 and 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. SOURCE Entertainment Internet, Inc. -0- 01/14/2000 /CONTACT: Sheila Morris of Morris Marketing, 818-487-9300, sheila@morrispr.com, for The Entertainment Internet, Inc./ (EINIE MVEE)