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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (447)	6/18/1998 7:15:00 PM
From: Capitalism	Read Replies (1) \| Respond to of 5541

Scanning this was a pain in the a__. Sorry if it isn't perfest but shited with an additional t might be appropriate if the movies are no good!!! Cap

To: jmhollen who wrote (447)	6/18/1998 7:17:00 PM
From: Capitalism	Read Replies (1) \| Respond to of 5541

page 3 Jean-Claude Van Damme (Bloodsport, Cyborg, Kickboxer) Faye Dunaway (Barfly) Micky Rourke (Barfly) Golan and Globus have discovered and made movies with Andre Kontchelovsky, Barbat Schroeder and produced films with such acclaimed directors as Robert Altman, Franco Zifirelli and lohn CAsavettes We believe the Golan Globus management team has demonstrated their ability to create a profitable movie production enterprise using low overhead cost in the licensing and distribution of their films, a diverse portfolio of scripts and talent, which reduces its risk by spreading its revenue stream across several venues. Production Strategy: First Miracle Group, Inc, through its Magic Entertainment subsidiary has 4 new films slated for production and distribution in 1999 which will be fully financed by both presales in. the international arena and by institutional investors in an off balance sheet "revenue sharing" format, As producers and licensors, Magic Entertainment's expenditures will range from $1 million to $9 million per movie for a total outlay of approximately $11 million on the first four pictures. Occasionally modest budget movies, such as the type which Magic is working with (ie, Speedway Junky), can become tremendously successful and may provide significant returns for the producers and the investors. A few examples of their previous profitability are 'Delta Force III: The Killing Game which was made with a $3 million budget and brought in over $9 million, Breakdance which, according to MGK brought in over $52 million in 1994 dollars, Cobra which grossed over $67 million in 1986 dollars in the U.S. theatrical and video markets, as well as Missing in Action (with Chuck Norris) which brought in $28 million in 1985 dollars in domestic theatrical alone. To reduce risk-, Magic will focus on covering its production costs with presales by licensing theatrical, TV and video distribution rights in the various markets and at festivals around the world, such as the Cannes Film Festival, MIFED in Milano and AFM in Los Angeles. We believe television sales offers the Company a reliable and steady revenue source in an uncertain and highly competitive entertainment industry. Cable channels, especially pay-per view, have an insatiable demand for programming and feature length movies to fill air time 24 hours a day. Therefore, cable operators are always buying new product as well as those that are being re-issued for TV. One example is Home Box Office (HBO) which airs new productions as world premiere movies for up to Sl-S2 million per film. Other pay-W-view operators, cable channels, network and syndicated channels air productions for TV following theatrical and video distribution. Depending on the market and the territory, some cable and/or television operators may buy the right to show a movie for between $20,000 and $500,000. Because the Company is cost conscious, it may focus less on the theatrical releases of its productions and more on TV, video and library revenue streams. We believe the Company has a very strong revenue potential due to the overages it receives after the guarantees have been recouped. Once these advances have been repaid. Magic then receives a 50/50 split on theatrical sales a 30/70 split on video sales at the wholesale level, 20% on sell-through video, and 60%-70% on wholesale TV. Additionally Magic has available to it various co-production opportunities with countries such as United Kingdom, Canada, Germany and France. This should help it to keep production costs minimal-. Future Productions: Speedway Junky set to star Daryl Hannah (Wall Street) and Balthaza Getty (Lost Highway), should begin principal photography in late July to early August in Las Vegas and Los Angeles. Speedway Junky should be complete by January for the Sundance Film Festival. In late July, the Golan-Globus team will continue its successful Delta Force series with Delta Force One which should complete filming and post-production in time for the American Film Market in February, 1999.