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Magic Lantern Group Signs Exclusive Distribution Agreement With
monterey media
NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- Magic Lantern Group, Inc. (AMEX:
GML), a leading North American distributor of educational content and
e-learning delivery systems with operations in Canada and the U.S., announced
today that the Company has entered into an agreement with monterey media, an
award-winning entertainment company specializing in the creation, acquisition,
distribution and sale of programming to North American markets. According to
the agreement, Magic Lantern Group has been granted exclusive rights to
distribute monterey's educational programming in Canada through 2006.
monterey is distinguished as being the largest non-affiliated exclusive
distributor of PBS Network programming. Programs brought to PBS by monterey
include the entire American Short Story Collection, and the American Playhouse
on Video Collection, one of the most prestigious and acclaimed production
franchises in the history of television. monterey ranks #1 in the industry for
the distribution of quality literary adaptations, black literature adapted to
film, poetry dramatizations, and short stories adapted to film.
Magic Lantern Group President and CEO Bob Goddard stated, "In business for more
than two decades, monterey has a history of achieving top billing on national
sales charts for their programming. An agreement to distribute their
educational videos exclusively in Canada strengthens our portfolio of
offerings. Magic Lantern Group continues to offer the most in-demand
programming to educational institutions at a competitive rate, which we believe
will result in accelerating our top-line growth."
"monterey is thrilled to be partnered with Magic Lantern Group, whose
reputation and exceptional catalog is the perfect complement to the future
goals of our company," said Scott Mansfield, President of monterey media.
Editor's note: monterey media appears lower case per the company's request.
About monterey media
Established in 1979, monterey media is second oldest independent video
manufacturer and distributor in the United States. The Company is known for its
broad marketing to key retail, mail order and Internet sites, schools and
libraries, and specialty markets. monterey has received numerous awards
including several Gold and Multi Platinum ITA and RIAA awards, Cine Golden
Eagle, Telly, Parent's Choice, Worldfest International Film Festival, and Kids
First! Awards. For more information, visit http://www.montereymedia.com/.
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 Dorling Kindersley, 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. For more information,
visit the Company's websites: http://www.magiclanterngroup.com/,
http://www.tutorbuddy.com/, http://www.mv-dm.com/ and
http://www.magiclanterninsite.com/.
Contact Information: For investor relations, contact Gary Geraci, National
Financial Network, 781-444-6100 ext. 629, email: or visit
http://www.nfnonline.com/gml. At the Company, contact Bob Goddard, Magic
Lantern Group, Inc., 1-800-263-1717 ext. 2454, or visit
http://www.magiclantergroup.com/. At monterey media inc., contact Jenny
Manocchio, 805-494-7199 or visit http://www.montereymedia.com/.
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.
DATASOURCE: Magic Lantern Group, Inc.
CONTACT: Gary Geraci, National Financial Network, +1-781-444-6100 ext.
629, ; or Bob Goddard, Magic Lantern Group, Inc., +1-800-
263-1717 ext. 2454, ; or Jenny Manocchio, monterey media
inc., +1-805-494-7199
Web site: http://www.magiclantern.ca/