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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: Due Diligence who wrote (1920)	12/7/1998 8:40:00 PM
From: rics	Respond to of 5541

soon>> form 10>> "accurate and up to date financial information" the sale of the assets of its California Health Clubs, Inc. subsidiary to 24 Hour Fitness, Inc., the country's second largest chain of health clubs. Terms of the transaction were not disclosed. However, 1st Miracle anticipates reporting a gain on the sale of the assets. Commenting on the sale, Peter Benz, Chairman of 1st Miracle, stated, "The sale of the assets of California Health Clubs accomplishes two very important objectives. First, it enables us to devote all of our efforts to the Company's film subsidiary, Magic Entertainment, and second, it enables us to re-deploy these assets to Magic where they can be better utilized to enhance shareholder value." with the filing of its 1998 year end financial results, MVEE 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." MVEE will be fully reporting soon MVEE has two completed movies that have had excellent reviews. "on budget and on time" we will see these movies in near future. I believe we have a company here on the verge of becoming/evolving into one that reflects positive earnings and delivers on time and on budget. They want us(shareholders) to know all the facts. MVEE is soon to deliver with end of year 98 financial report>>form 10 and fully report all this info to its shareholders. Also: due out not to soon after that are the movies 'Delta Force One' and 'Speedway'. these are paid for. earnings from these and other films to be reflected on future balance sheets. ++$$$ There is a plan here being implemented. I believe that the sale of California Health Clubs Inc. has been very profitable as well. to answer your question >>what about financials??? when they file >> form 10. and 1998 year end financial results. these will be available soon.