Magic Entertainment, Inc. Announces Pre-sales FromCannes Film Festival - Company Announces $3.3...

NEW YORK--(BUSINESS WIRE)--June 9, 1998--Magic Entertainment, Inc., a wholly owned subsidiary of 1st Miracle Group, Inc. (OTC BB: MVEE) today announced that it has captured $3.3 million in pre-sales at the recent Cannes Film Festival. The company noted it has pre sold four of its upcoming films in

Commenting on the announcement, Menahem Golan, co-chairman, stated, "We are pleased by the strong response to these four films, which include Delta Force One and Escape to Grizzly Mountain, as well as the overwhelming response the Golan/Globus team received. We were able to make contact with many of our past distributors as well as other friends. There is no question that Golan & Globus are back!"

The company further noted that it was able to achieve such pre-sales in only one month and that most territories, including North America, are still open.

Magic Entertainment, a wholly-owned subsidiary of1st Miracle Group, Inc., was co-founded by Menahem Golan and Yoram Globus to produce and distribute feature length films.

   CONTACT: 1st Miracle Group, Inc.
             Peter Benz, Chairman
             (650) 340-1074
               or
             Magic Entertainment, Inc.
             Menahem Golan, Co-Chairman
             (212) 713-0050
               or
             Rubenstein Investor Relations
             Jeffrey Volk
             (212) 843-8086