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To: Dr. Harvey who wrote (63)	11/16/1998 10:27:00 AM
From: CrazyTrain	Read Replies (1) \| Respond to of 70

(COMTEX) 1st Miracle Group to File to Become United States Reporting Company NEW YORK (Nov. 16) BUSINESS WIRE -Nov. 16, 1998--1st Miracle Group, Inc. (OTC: MVEE), parent company of Magic Entertainment Inc., today announced that with the filing of its 1998 year end financial results, it will file a Form 10 in order to become a fully reporting U.S. company with the Securities and Exchange Commission. The Company further noted that it is currently a reporting company in Canada in the Province of Ontario and that all of its previous financial statements are certified. Commenting on the announcement, Peter Benz, Chairman of 1st Miracle Entertainment, Inc., stated, "We believe it is important that the Company become a full reporting company in order to provide current and potential investors with the most accurate and up-to-date financial information as possible." 1st Miracle Group, Inc. is the parent of Magic Entertainment, Inc., co-founded by Menahem Golan and Yoram Globus, which produces and distributes feature length motion pictures. -0- sw/ny* CONTACT: 1st Miracle Group, Inc., San Mateo, Calif. Peter Benz, Chairman, 650/340-1074 or Rubenstein Investor Relations, New York Jeffrey Volk, 212/843-8086 KEYWORD: NEW YORK INDUSTRY KEYWORD: ENTERTAINMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *