DALLAS, Oct. 14, 2004 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced that the company has issued an updated report on Magic Lantern Group, Inc. (AMEX:GML), a global distributor of educational content and third-generation, digital content and e-delivery solutions. As part of the report, StockGuru.com has reiterated its rating of 'Attractive' on Magic Lantern Group, Inc.
Mr. Pentony commented, "Our key investment considerations include the launch of Magic Lantern Group's new division, Magic Vision Digital Media (MVDM). MVDM is moving the Company into the explosive health care, sports entertainment and human resource compliance industries, which represent under-served markets for its digital services. In addition, Magic Lantern Group continues to capture share internationally within the multi-billion dollar educational market. The Company consistently expands its producer base, recently renewing long-term contracts with key industry players Annenberg/CPB and Campbell's of Canada."
Mr. Pentony added, "With several new growth drivers in place, we are confident the Company is moving in the right direction. We reiterate our opinion, as we continue to believe that Magic Lantern Group, Inc. is a compelling investment at current levels."
The full report on Magic Lantern Group can be viewed online at: http://www.stockguru.com/GML-IO-101404.shtml
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.
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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.