NEW YORK, Sep 11, 2000 /PRNewswire via COMTEX/ --  Micky Hyman, President and
Chief Executive Officer of Kaleidoscope Media Group, Inc. (OTC Bulletin Board:
KMGG; Frankfurt Stock Exchange: BNN) announced today that the Company is
exploring the establishment of strategic relationships with other media and
entertainment companies whose activities augment and compliment KMG's television
and home video distribution capabilities. The Company has retained
Communications Equity Associates, a global, media-focused advisory firm, to
assist in carrying out this strategic program. The completion of any such
strategic transactions will be subject to the negotiation and execution of
written agreements, due diligence and other conditions.
 
Kaleidoscope Media Group, Inc., located in New York, is a vertically integrated
entertainment company. The Company has the distribution rights to hundreds of
hours of sports and entertainment programming including movie and mini-series
such as "Shaka Zulu: The Citadel," "The Magnificent Ambersons" and "Merlin: The
Magic Begins." Sports properties including golf, boxing and fitness; and family
entertainment shows consisting of circus, magic and ice skating; informational
series such as "Cafe Digital"; and Information Television Network's catalogue of
programming in the areas of health and technology.
 
When used in this discussion, the words "anticipates," "expects" and similar
expressions are intended to identify forward-looking statements. Such statements
are subject to certain risks and uncertainties that could cause actual results
to differ materially from those projected.
 
SOURCE Kaleidoscope Media Group, Inc.