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To: T.R. who wrote (2120)	8/13/1998 12:13:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 3046

Thursday August 13, 11:48 am Eastern Time Company Press Release MediaConcepts Inc. Announces Major Development PALM SPRINGS, Calif.--(ENTERTAINMENT WIRE)--Aug. 13, 1998-- MediaConcepts Inc. (OTC/BB:MDCE - news) Thursday announced that it has crossed LETTERS OF INTENT, with Magellin Entertainment Inc. to co-venture and co-produce a number of theatrical productions. The first movie will be titled ''Tuesdays Letters'' and will star a very well known television and popular actor. Tony Romano, chairman of Magellin, is a former professional actor who 12 years ago, successfully ventured into the production side of the business. His strengths lie in television and motion picture film production and finance. Romano is also network approved. Michael Shane, president of Magellin, is a dual citizen of the United States and Canada and has 10 years of experience in the film and distribution business both here and in Canada. Shane has done a number of Canadian based productions. Both Romano and Shane, stated that, ''This is a great opportunity for us to work with MediaConcepts and to develop their projects as well as ours.'' David Garcia, chief executive officer of MediaConcepts Inc., said: ''This is a tremendous breakthrough for us, as Magellin has many major studio contacts here in the United States and is a perfect fit with us. We plan on developing our Taylor Caldwell and our Harold Robbins works with Magellin. Combined, our two companies have over 100 years experience in the entertainment business.'' Magellin is in the process of setting up a London based foreign distribution arm that will enhance MediaConcepts' capabilities through Parthenon, a MediaConcepts subsidiary. Formal contracts, with specific terms and conditions, will be executed in the near future. Safe Harbor Act Disclaimer: The forward-looking statements in this release involve risks and uncertainties, including, but not limited to the successful completion of the projects discussed. Successful completion of these projects are subject to a number of uncertainties and unforeseen events. And there can be no assurance that the goals of the company stated herein may be realized. Forward-looking statements represent the company's beliefs and expectations concerning future events. These forward-looking statements are qualified by important factors that could materially impact the company's business and its ability to complete these projects. Contact: MediaConcepts Inc. Edward R. Brody, Corporate Communications 760/320-9720