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

To: tiger-lily who wrote (161)	3/27/2000 2:36:00 PM
From: Leroyt	Read Replies (1) \| Respond to of 257

New PR on financing. Looks like a Van Damme connection(?): (PR NEWSWIRE) 1st Miracle Secures $10,000,000 Line of Credit from Key Investm 1st Miracle Secures $10,000,000 Line of Credit from Key Investment Advisors, Ltd. LOS ANGELES, March 27 /PRNewswire/ -- 1st Miracle Group, Inc. (OTC Bulletin Board: MVEEE), an independent and diversified movie production company, today announced that it has entered into a $10,000,0000 Line of Credit Agreement with Key Investment Advisors Ltd. of the Netherlands. To date the Company has drawn approximately $1,000,000 of the available amount. Anthony Cataldo, CEO of 1st Miracle stated, "The availability of this credit line, coupled with our strong cash position will allow us to secure options for several future high profile projects which will be off balance sheet financed. We expect that over the coming weeks we will be announcing that we have secured several of these projects." Key Investment Executive, Leo van den Herik, said, "We are very excited about the possibilities that this funding will provide 1st Miracle and what future projects they are developing." This statement includes forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors. SOURCE 1st Miracle Group, Inc. -0- 03/27/2000 /CONTACT: Stuart Fine of Rubenstein Investor Relations, Sfine@rir1.com, for 1st Miracle Group, Inc./ (MVEEE) CO: 1st Miracle Group, Inc. ST: California IN: ENT SU: FNC * end of story *