National Financial Network Issues Updated Strongly Favorable Report on Magic Lantern Group

National Financial Network Issues Updated Strongly Favorable
Report on Magic Lantern Group 


NEW YORK, Oct. 15  /PRNewswire-FirstCall/ -- Magic Lantern Group, Inc.
(AMEX:GML), (http://www.magiclanterngroup.com/), a leading international
distributor of educational content and third-generation, digital content and
e-delivery solutions, announced today that National Financial Network, a
division of National Financial Communications Corp., has issued a strongly
favorable InvestorFacts report on the Company.  The October 2004 report
includes a profile of Magic Lantern Group's business operations, technology
applications, strategic partnerships and investment highlights.  Interested
parties can view the report online at http://www.nfnonline.com/gml/report.html
or call 781-444-6100 ext. 629 for reprints.

Geoffrey Eiten, publisher of the NFN InvestorFacts report, stated, "Leveraging
a nearly 30-year track record of serving world-class educational producers,
Magic Lantern Group and its subsidiaries continue to capitalize on the
estimated $100 billion international educational market.  Through the
recruitment of top-talent, including a recent partnership with a former veteran
producer for Disney Educational Productions, Magic Lantern Group plans to begin
production on their own original content, as well as secure additional global
distribution channels for content delivery."

Eiten continued, "The Company has streamlined operations, including divesting
itself of its analog dubbing business, and is now diversifying operations into
high-growth, untapped markets.  Magic Lantern Group is targeting its digital
streaming, video and broadcast distribution services for the sports, health
care, human resource and related compliance industries. With a multifold growth
strategy and solid prospects for near- and long-term growth, Magic Lantern
Group represents one of today's most exciting investment opportunities."

About National Financial Network

National Financial Network, a division of National Financial Communications
Corp. (http://www.nationalfc.com/) based in Needham, Massachusetts, is a
full-service financial communications and investor relations firm that
specializes in micro/small-cap companies.  The Company's proactive campaigns
are custom designed to strengthen each client's presence in the investment
community by disseminating breaking news and fundamental positions to spheres
of influence; building upon the client's existing shareholder base; and
soliciting institutional coverage.  For more information, visit
http://www.nfnonline.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 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 several, 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; Sonoptic Technologies, a leading provider of
online, next-generation digital technology solutions; and Parasol Video, an
online digital video library enterprise for worldwide educational markets.

Contact Information: For Investor Relations, contact Gary Geraci, National
Financial Network, 781-444-6100 ext. 629, email:  and visit:
http://www.nfnonline.com/gml/. At the Company, contact Lorraine Villa,
Executive Assistant to the CEO, , 800-263-1717 ext. 2450.

Disclaimer: NFN InvestorFacts, published by National Financial Communications
Corp., endeavors to supply its readers with sound opinions and advice based on
its analysis of publicly available information from sources believed to be
reliable, but makes no representation as to its accuracy or completeness. 
Opinions and advice of NFN InvestorFacts are not based upon individual needs or
investment objectives of readers nor are they an offer to buy or sell
securities.  National Financial Communications Corp. and the publisher of NFN
Investor Facts have received fees and compensation from the featured company. 
National Financial Communications Corp., its affiliates and subsidiaries and/or
their officers and employees may from time to time acquire, hold or sell a
position in the securities mentioned in its profiles. Upon request, the Company
can furnish specific information in this regard. For full disclosure
information, visit http://www.nfnonline.com/gml/disclaim.html.

This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934.
 These statements relate to future events or the company's future financial
performance.  The company has tried to identify, whenever possible, these
forward-looking statements by using terminology including "anticipate,"
"believe," "can," "continue," "could," "estimate," "expect," "intend," "may,"
"plan," "potential," "predict," "should," or "will" or the negative of these
terms or other comparable terminology.  These statements are only predictions
and involve known and unknown risks, uncertainties, and other factors,
including the risks outlined in our Annual Report on Form 10-K that may cause
our actual results, levels of activity, performance, or achievements to be
materially different from any future results, levels or activity, performance,
or achievements expressed or implied by these forward-looking statements.
Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance, or achievements.  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 of National Financial Network, [phone]

ext. 629, ; or Lorraine Villa, Executive Assistant to the

CEO of Magic Lantern Group, Inc., [phone] ext. 2450,





Web site:  http://www.magiclantern.ca/

Copyright