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To: Jesse James who wrote (46897)	5/15/2000 12:37:00 PM
From: Jesse James	Read Replies (1) \| Respond to of 150070

News- 1St Miracle Group Inc(MVEEE) Miracle Entertainment Announces at the Cannes Film Festival 30 Year Anniversary Sequel to 'Easy Rider' Film is Fully Funded and Production is Scheduled to Start in September LOS ANGELES, May 15, 2000 /PRNewswire via COMTEX/ -- Miracle Entertainment, Inc. (OTC Pink Sheets: MVEEE), a diversified film and production company today announced that it has obtained worldwide rights to produce the sequel to Easy Rider. The Company will begin filming the sequel to the cult classic film in September. The film will commemorate the 30 year anniversary of the film's original release. Tony Cataldo, CEO of Miracle Entertainment stated, "This is a tremendous opportunity for the Company. This is the type of film that presents multiple revenue opportunities through licensing of merchandise and products. Already we have received great interest from a number of companies which is likely to increase once we begin production." The film is fully funded through the company's $150 million off balance sheet production financing program. This program ensures that the film will receive nationwide distribution on a full complement of screens in the United States. 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 Miracle Entertainment, Inc.