Team Communications Group Inc. Reports Third-QuarterResults.

LOS ANGELES--(ENTERTAINMENT WIRE)--Nov. 16, 1998--Team Communications Group Inc. (Nasdaq:TMTV) Monday reported its results of operations for the three months ended Sept. 30, 1998.

For the period, net revenues were $6,251,000, compared with $2,198,900, reported for the same period last

year. For the quarter, the company reported a net income of $15,800, or 1 cent per common share, compared with last year's third-quarter income of $286,000, or 25 cents per common share. On a fully diluted basis, earnings per common share for the period were 1 cent for 1998, compared with 16 cents for 1997.

For the nine-month period, net revenues increased to $9,466,800, compared with $5,672,000 for the previous year. Net income for the nine months was $655,300, or 43 cents per common share, compared with a net income of $706,700, or 62 cents per common share for the previous year. On a fully diluted basis, earnings per common share for the nine months was 30 cents for 1998, compared with 39 cents for 1997.

Drew S. Levin, chairman and chief executive officer of Team Communications Group commented: "While revenue grew significantly, the profitability of the quarter was affected by the company producing more expensive dramatic programs vs. reality programs.

"During the quarter, the first seven episodes of 'Total Recall -- 2070' and the company's first made-for-tv-movie, 'Earthquake in New York' for the Fox Family Channel were produced, compared to last year's productions which were limited to episodes of 'Amazing Tails.' In the quarter ending September 30, 1997, the company also recognized a library sale for $900,000.

"We are extremely pleased by the look of the first episodes of 'Total Recall -- 2070,' and are excited about the series' initial airing on Showtime Network beginning next March."

Continuing, Levin added, "While reality programs such as 'Amazing Tails' are initially more profitable, the company believes in diversifying its library through producing dramatic programming. Although more expensive to produce, they add significant long-term value to Team's library."

Levin further commented, "One of our primary financial goals since our public offering in July has been to reduce higher interest indebtedness. Interest expense for the period fell 56% over 1997 as a result of debt retirement."

Team Communications Group is a diversified, multi-national media company. Through its subsidiary division, TEAM Entertainment, a recognized leader in the development, production and distribution of quality filmed entertainment worldwide, the company is responsible for the production and distribution of a wide range of original productions, including movies, dramatic series and reality programming for network television, cable and first-run syndication.

As a distributor, TEAM Entertainment represents its own television library of more than 500 hours, as well as high-profile programming from major domestic and international entertainment companies throughout the worldwide marketplace.

This news release contains forward-looking statements. Due to the fact that the company faces competition from other entertainment companies, motion picture studios and other production and distribution entities, the cyclical nature of its industry and of the uncertainty of the public's response to the company's properties, actual results or outcomes may differ materially from any such forward-looking statements. -0-

                    TEAM COMMUNICATIONS GROUP INC.
                 CONSOLIDATED STATEMENT OF OPERATIONS
 For the third quarter and nine months ended Sept. 30, 1998, and 1997
                             (Unaudited)

THIRD QUARTER ENDED SEPT. 30,:
                                          1998             1997
REVENUES                              $ 6,251,000      $ 2,198,900

EXPENSES                              $ 6,289,200      $ 1,912,900

NET INCOME                            $    15,800      $   286,000

BASIC EARNINGS PER COMMON SHARE            $ 0.01          $  0.25
DILUTED EARNINGS PER COMMON SHARE          $ 0.01          $  0.16

Weighted Avg. Common Shares
  Outstanding for:

    Basic EPS                           2,257,327        1,131,344
    Diluted EPS                         2,947,783        1,821,800

NINE MONTHS ENDED SEPT. 30,:
                                          1998             1997
REVENUES                              $ 9,466,800      $ 5,672,000

EXPENSES                              $ 8,887,000      $ 4,965,300

NET INCOME                            $   655,300      $   706,700

BASIC EARNINGS PER COMMON SHARE            $ 0.43         $   0.62
DILUTED EARNINGS PER COMMON SHARE          $ 0.30         $   0.39

Weighted Avg.Common Shares
  Outstanding for:

    Basic EPS                           1,506,672        1,131,344
    Diluted EPS                         2,197,128        1,821,800