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To: SSP who wrote (62917)	9/12/2000 1:57:58 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

SHPE on the LIST has news too. KIRKLAND, Wash.--(BUSINESS WIRE)--Sept. 12, 2000--Magellan Filmed Entertainment Inc. (OTCBB:SHPE) announced today that the company's first feature film project, Rennie's Landing, was well received in private presentations at the recent Toronto Film Festival. Company management attended the Toronto Festival, which is now celebrating its 25th year. Magellan signed a distribution deal with Franchise Pictures to handle the foreign sales of its next three projects. This is the first time that Franchise Pictures has taken on outside productions to sell to its buyers. Franchise was represented by Lisa Wilson, President of International Distribution for Franchise Pictures. At the film festival, Magellan entered into negotiations with a Canadian company to co-produce its next feature, a romantic comedy with, in management's opinion, great universal appeal. Contracts should be completed within the next few months, with production anticipated in the first quarter of 2001. Magellan anticipates previewing the completed film of Rennie's Landing to buyers at the London Screenings and MIFED, the international film festival held in Milan, Italy, each October. Magellan's marketing team will be attending both events. www.northcoastproductions.com. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. --30--BP/se* CONTACT: For Magellan Filmed Entertainment Inc. PMR and Associates Patrick Rost, 760/942-0015 pmrandco@aol.com SHPE, 800/549-6546 www.northcoastproductions.com KEYWORD: WASHINGTON INTERNATIONAL CANADA INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com