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


To: rdunn1 who wrote (168)4/6/2000 12:43:00 PM
From: Walter Morton  Read Replies (1) | Respond to of 257
 
1st Miracle Announces Production Deal for 'Out On My Feet' Starring Robert DeNiro

Martin Landau Joins Board of Directors

LOS ANGELES, April 6 /PRNewswire/ -- 1st Miracle Group, Inc. (OTC Bulletin Board: MVEE - news), an independent and diversified movie production company, today announced that it has reached an agreement to produce ``Out On My Feet' the highly sought after drama based on the double life of Vinnie Curto, former Cruiser Weight champion of the World and organized crime enforcer.

Robert DeNiro will be featured as Angelo Dundee, Curto's trainer and Barry Primus (``Mistress') will direct the $18 million production which is scheduled to begin filming in Los Angeles in September. The production is based on the script penned by Curto and veteran Hollywood writer Larry Golin (``Rocky Marciano').

The film will be produced by 1st Miracle Chairman and CEO Tony Cataldo, and Richard Abramson (``Pee-wee's Big Adventure'). Oscar winner Martin Landau (``Ed Wood'), who has joined 1st Miracle's Board of Directors, will serve as Executive Producer.

``We are committed to producing high quality films with feature stars. This deal signifies the level of talent and quality material we are now able to attract. We look forward to leveraging our financing deals to further our goals of being a top entertainment company,' said Tony Cataldo, CEO of 1st Miracle Group.

Additionally, 1st Miracle has arranged off balance sheet financing for the picture and will utilize its previously announced Prints and Advertising arrangement to provide over $13 million in further ``off balance sheet' monies to support the marketing of the film in North America.

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.

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