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Magic Lantern Group Featured in Thomson Media's M&A Report NEW YORK, Aug. 9 /PRNewswire-FirstCall/ -- Magic Lantern Group, Inc. (AMEX:GML), a leading North American distributor of educational content and e-learning delivery with licensing operations in Canada and the U.S., announced today that the Company was featured in the June 14, 2004 issue of Mergers & Acquisitions Report, a publication of Thomson Media, a division of The Thomson Corporation. The article is entitled, "Canada-based Magic Lantern Seeks to Light Its Growth Path Via M&A in the U.S.," by Mark Cecil. Magic Lantern Group is a North American broad based AMEX listed company with offices in New York, Boston, and four locations in Canada. An excerpt from M&A Report states, "Canadian educational company Magic Lantern Group Inc. (MLG) is looking to expand into the U.S. The Oakville, Ontario, Canada-based distributor of learning videos to libraries and schools recently secured financing from New York-based Laurus Master Funds Ltd. and now wants to grow beyond Canada." Recognizing that Magic Lantern Group owns 75% of the Canadian market, the Company is looking now to dominate the U.S. and international markets through acquisitions. "Goddard said MLG would like to execute a handful of deals in the U.S. over the next two to three years, buying targets with sales of $10 million to $20 million," states the M&A Report. For information on accessing the article, visit http://www.mareport.com/. About Mergers & Acquisitions Report Mergers & Acquisitions Report provides information on mergers, acquisitions, restructurings and bankruptcies. Each weekly issue delivers complete coverage of pending and ongoing deals as well as insights into industry trends, strategies and the firms and people involved. Each weekly issue includes Washington news, analysis of merger financings, indexing of companies and stories (and quarterly rankings) of M&A advisors. For more information, visit http://www.mareport.com/. About Thomson Media Thomson Media (http://www.thomsonmedia.com/), a division of The Thomson Corporation, is a leading provider of information, data and software tools for professionals in the financial services and related technologies markets. In addition to Asset Securitization Report, Thomson Media's primary products and businesses include: American Banker, Financial Planning, National Mortgage News, The Bond Buyer, Securities Industry News, The Global Banking Resource, National Regulatory Services, Payments & Risk Solutions Products, Credit Card Management, and Sheshunoff Information Services. More than 750,000 clients use Thomson Media's publications, databases, and work solutions worldwide. The Thomson Corporation's common shares are listed on the New York and Toronto stock exchanges. 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, an emerging provider of on-demand health, sports and business digitized content; and Sonoptic Technologies, a leading provider of online, next-generation 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: and visit: http://www.nfnonline.com/gml/. At the Company, contact Bob Goddard, Magic Lantern Group, Inc., 1-800-263-1717 ext. 2454, and visit http://www.magiclanterngroup.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: Investor Relations: Gary Geraci of National Financial Network, +1-781-444-6100 ext. 629, or ; or Bob Goddard of Magic Lantern Group, Inc., 1-800-263-1717 ext. 2454, or Web site: http://www.magiclanterngroup.com/ http://www.nfnonline.com/gml http://www.tutorbuddy.com/ http://www.mv-dm.com/ http://www.thomsonmedia.com/ http://www.mareport.com/

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