Magic Lantern Group Announces Two Board Members Resign

Magic Lantern Group, Inc. (AMEX: GML) ("MLG"), a leading
international distributor of educational content and third-generation,
digital content and e-delivery solutions, announced today that Donald
Hyde and Michael Mackenzie have resigned from the Company's Board of
Directions, effective May 26 and May 27, 2005, respectively, to pursue
personal endeavors.
   MLG Interim Chairman Stephen Encarnacao stated, "On behalf of the
Board, we wish to extend our gratitude to Mr. Hyde and Mr. Mackenzie
for their leadership and service."
   Additionally, MLG received a letter from the American Stock
Exchange on May 27, 2005 notifying the Company that failure to timely
file its Quarterly Report on Form 10-Q constituted failure to satisfy
certain of the AMEX's continued listing requirements. The AMEX's
letter required that MLG submit a plan by May 31, 2005 advising the
Exchange of actions MLG has taken, or will take, to bring the Company
into compliance with the continued listing standards.
   Subsequent to the receipt of the above-referenced letter, MLG
requested and received a seven-day extension of the deadline to submit
the recovery plan required by this letter and the letter received by
MLG on April 29, 2005. MLG intends to submit such compliance plan to
the AMEX by the deadline, June 7, 2005. There is no guarantee that
MLG's plan will be completed, timely filed or accepted by AMEX.

   About Magic Lantern Group, Inc.

   Magic Lantern Group, Inc. operates several strategic subsidiaries
and divisions, including the global distribution of videos and DVD's
from more than 300 world-renowned producers, its core business for
nearly 30 years. Key divisions are Sonoptic Technologies, a pioneer in
commercial digital video encoding and online digital video utility and
leading provider of third-generation digital technology solutions and
the recently launched Magic Vision Digital Media, Inc., a provider of
digital on-demand/on-line desktop delivery for sports entertainment,
health care, human resource, and corporate governance and compliance
industries. For more information, visit:
http://www.magiclanterngroup.com.

   Contact Information: For Investor Relations, contact Gary Geraci,
National Financial Network, 617-723-2373, email: [e-mail] and
visit: http://www.nfnonline.com/gml/. At the Company, contact Lorraine
Villa, Executive Assistant to the CEO, [e-mail],
1-800-263-1717 ext.2450.

   Any statements in this Press Release about future expectations,
plans and prospects for the Company constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. The
company has tried, whenever possible, to identify these
forward-looking statements using words such as "anticipates,"
"believes," "could," "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, including
those risks identified in our Annual Report on Form 10-K, which could
cause the company's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. Revenue projections contained in this release are subject
to the successful execution of e-commerce websites. 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.