DALLAS, Sept. 14, 2004 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has updated and reiterated its rating on Magic Lantern Group, Inc. (AMEX:GML) (http://www.magiclanterngroup.com). Today's news is more of the positive news we have come to expect from Magic Lantern Group, Inc. It is clear that their Magic Vision Digital Media subsidiary holds great promise with its video streaming and indexing product that delivers third-generation, video-on-demand solution service to sports management and broadcasting companies covering U.S. and Canadian audiences. As mentioned in today's release, it concentrates initially on delivering services for the most popular professional-level racecar driving, hockey and baseball sporting events.
On August 26, 2004 we issued a rating of 'Attractive' on Magic Lantern Group, Inc. We reiterate this rating, as we see the company continuing to unveil news that shows the company is truly on course.
About Magic Lantern Group, Inc.
Magic Lantern Group, Inc. is a leading, global distributor of learning videos serving more than 10,000 schools, libraries and social agencies in North American and international markets. With 40,000 programs from 300 world-renowned producers including Disney Educational Media, Schlessinger, Annenberg/CPB and Cerebellum Corporation, monterey media and CTV Television, the Company's educational products include: Magic Lantern InSite(TM), a digital streaming video product for schools, libraries and universities and TutorBuddy(TM), an at-home e-learning product for students and teachers.
Leveraging its position as one of the most highly respected brands in video educational delivery, the Company is pursuing multiple sales verticals to maximize total revenues. Magic Lantern Group operates three complementary subsidiaries: Magic Lantern Communications, a global distributor of video content to schools, universities and libraries; Magic Vision Digital Media, Inc., an emerging provider of on-demand sports entertainment, health and business digitized content; and Sonoptic Technologies, a leading provider of online, next-generation digital technology solutions.
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This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.