DALLAS, Aug. 24, 2004 (PRIMEZONE) -- NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by StockGuru.com.
John Pentony, publisher of StockGuru.com, announced an update to its report on Magic Lantern Group, Inc. (AMEX:GML).
Recently, Magic Lantern hosted an International Sales and Marketing Conference to unveil its aggressive, global growth strategy. During this conference the company brought in people from each of its subsidiaries to discuss the subject and to set forth its blueprint to capitalize on emerging growth opportunities worldwide.
The company's President and CEO Bob Goddard said of this meeting, "This year's sales and marketing conference will mark the exciting addition of our Magic Vision Digital Media (MVDM) division, which focuses on non-traditional educational and entertaining video streaming. MVDM will initially diversify the Company into sports and corporate compliance e-content delivery. The division has already attracted a number of distributors for its services that will accelerate our market share in the U.S. and internationally. In addition, we will lay the foundation for our short and long-term marketing initiatives for our Magic Lantern InSite(TM) institutional product and online consumer offering, TutorBuddy(TM). As a result of our new product lines, the launch of MVDM, and an expanding channel partnership base, we look forward to posting strong revenues in the fourth quarter of 2004 with growth continuing throughout 2005."
This conference follows recent news that the company is penetrating broadcast and home video market in Russia. They have entered into a distribution agreement with Acorn Associates, Ltd. Acorn Associates has worked with companies such as CNN and The Travel Channel. In the agreement, Acorn Associates will distribute Magic Lantern Group's video products to Russia and many surrounding states.
With this agreement with Acorn Associates, and long-term agreements like the Campbell's Labels for Education program in Canada, the company is showing it is moving in the right direction strategically and tactically. The International Sales and Marketing Conference, and the aggressive growth strategy presented at the event, makes Magic Lantern Group, Inc. a company on the move, positioning itself for potential market share increases.
With such a plan now in place, it is clear that the company is serious about the international market. It is obvious that is where the real opportunities for growth are and that the company is poised to reap these benefits over time.
The report can be viewed online at: http://profiles.stockguru.com/gml/report.htm
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, 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, an emerging provider of on-demand health, sports and business digitized content; and Sonoptic Technologies, a leading provider of online, next-generation technology solutions. For more information, visit the Company's websites http://www.magiclanterngroup.com and http://www.mv-dm.com.
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Disclosure: Pentony Enterprises LLC and StockGuru.com have been compensated for the publication and distribution of this release. See complete details at: http://profiles.stockguru.com/disclosures.htm. We are to receive 15,000 restricted shares as compensation.
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.