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Magic Lantern Group Expands Into Multi-Billion Dollar Health Care Education and Compliance Vertical -- Estimates to Generate Revenues in Excess of $1 Million by 2006 -- 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 the Company has expanded its position in the multi-billion dollar health care education, compliance and professional development sales vertical. As part of the Company's ongoing strategy to capitalize on international and nationwide mandates for health care compliance and education, Magic Lantern Group has entered into a three-year, international distribution agreement with InJoy Videos. InJoy Videos is a health video producer specializing in birth and parenting educational videos to world markets. Magic Lantern Group President and CEO Bob Goddard stated, "An agreement with InJoy enables us to build deeper market share in the health and medical content sector, which is experiencing phenomenal growth. We anticipate to generate revenues in excess of $1 million over the next two years as we pursue additional agreements with the world's leading producers of health care educational videos." InJoy Founder Charlie Stein stated, "We are very excited to be entering into business with such a highly acclaimed, cutting edge organization. We look forward to Magic Lantern Group's proven history of established marketing skills to represent InJoy throughout Canada and internationally." According to the agreement with InJoy, Magic Lantern Group has retained exclusive non-theatrical, home video and broadcast rights to distribute InJoy videos to schools, school boards, public libraries, educational media centers, family resource centers, colleges and universities throughout Canada. Magic Lantern Group has non-exclusive rights to distribute InJoy's videos in other world markets, excluding the United States and Taiwan. About InJoy Located in Boulder, Colorado, InJoy was founded in 1988. With over 14 years of experience in the health video industry, InJoy's accomplished staff of professionals uses a proven and thorough process to develop programs that meet high standards and consistently win awards. InJoy starts by identifying the topics that are most important to educators and then consults with its national base of experts, every step of the way. With each program, the Company is dedicated to presenting a balanced message in a respectful, compassionate way, while always featuring people of diverse ethnic and socioeconomic backgrounds. InJoy uses the latest professional video equipment, ensuring productions that meet the highest quality standards. For more information, http://www.injoyvideos.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 complementary subsidiaries, including 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 the 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. At InJoy Videos, call 800-326-2082; email: and visit http://www.injoyvideos.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 of National Financial Network, +1-781-444-6100 ext. 629, ; or Lorraine Villa Executive Assistant to the CEO of Magic Lantern Group, Inc., , +1-800-263-1717 ext. 2450; or information for InJoy Videos +1-800-326-2082, Web site: http://www.magiclantern.ca/ http://www.injoyvideos.com/

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