To: Dorine Essey who wrote (19103 ) 6/21/2001 1:19:41 PM From: Parker Benchley Read Replies (2) | Respond to of 19331 All, Does this mean we're exiting together for $10? Please Joe. Tells us. Tells us all it's semper so.... ----------------------------------------------------------------------------------------------------------- (PR NEWSWIRE) Kaleidoscope Media Group to Purchase Muller Media Kaleidoscope Media Group to Purchase Muller Media NEW YORK, June 21 /PRNewswire/ -- Micky Hyman, Chairman/CEO of Kaleidoscope Media Group, Inc (OTC Bulletin Board: KMGG) (Frankfurt Stock Exchange: BNN) announced today that a letter of intent hasbeen signed to acquire Muller Media, Inc. (MMI) Muller Media, Inc. owns the television distribution rights to a large film library which is available for license to television or cable station's for re-broadcast. Kaleidoscope Media has traditionally been involved in the internationaldistribution of films as well as sports and entertainment programming. Micky Hyman, Chairman/CEO of Kaleidoscope Media Group stated, "The addition of Muller's film library and distribution network will enhance the company's ability to grow both in domestic and international markets. It is the intent of Kaleidoscope Media Group, Inc. to not only grow the company internally, but to seek out additional opportunities which could add to the Company's revenues and profitability." Muller is constantly in the process of acquiring new distribution rights to additional movies and negotiating new cable and television contracts. Muller is also actively evaluating potential new ways of delivering movie content, utilizing emerging digital technology. Bob Muller, Chairman and Dan Mulholland, President of Muller Media, Inc. jointly stated, " We are pleased that MMI will become part of an organization that not only fully understands the media marketplace, but also has the ability to provide the resources to become a worldwide factor in the media distribution and production business." Mr. Muller then went on to state that "Kaleidoscope Media Group would benefit from the years of experience which would be gained from the existing MMI management and staff, all of whom will remain in place". Safe Harbor Statement under the Private Securities Litigation Act of 1995; The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to risks associated with the new uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, unpredictability of patent protection, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE Kaleidoscope Media Group, Inc -0- 06/21/2001 /CONTACT: Micky Hyman, 212-582-1116, mickyman3@excite.com, for Kaleidoscope Media Group, Inc/ (KMGG) CO: Kaleidoscope Media Group, Inc; Muller Media, Inc. ST: New York IN: TVN FLM ENT SU: TNM *** end of story ***