Magic Lantern Group Signs Strategic Agreement With Division of The Thomson Corporation
21 Septiembre 2004 - 8:00AM
PR Newswire (US)
Magic Lantern Group Signs Strategic Agreement With Division of The
Thomson Corporation NEW YORK, Sept. 21 /PRNewswire-FirstCall/ --
Magic Lantern Group, Inc. (AMEX:GML), announced today that the
Company has entered into a distribution agreement with Nelson
Thomson Delmar Learning, a division of The Thomson Corporation, a
leading global provider of integrated information solutions to
business and professional customers. The Thomson Corporation
(http://www.thomson.com/), with 2003 revenues from continuing
operations of $7.44 billion, is a global leader in providing
integrated information solutions to business and professional
customers. Thomson Delmar Learning is a division of Thomson Canada
Limited (The Thomson Corporation). According to the agreement,
Magic Lantern Group has gained the rights to distribute Delmar
Learning career education products, representing more than 500
titles on video. Magic Lantern Group President and CEO Bob Goddard
stated, "The Thomson Corporation and Delmar Learning are respected
world leaders in information services. From introductory coursework
to professional continuing education, the Thomson Corporation
supplies us with industry-leading professional certification
programs to grow our post-secondary educational market share and
strategically build out our Magic Vision Digital Media division.
The addition of this new content should increase our revenues
stemming from our educational institutional customers by up to
35%." Leading titles included in the agreement extend Magic Lantern
Group's product offering in subjects such as healthcare;
automotive; building trades/construction; cosmetology; driver's
education; electrical; technical trade; paralegal and many other
career educational titles. Delmar Learning's videos will reach new
Ministries of Education; schools; school boards and districts;
colleges, educational institutions, including libraries; and a
broad spectrum of customers within the business, industry, and
government sectors throughout Canada. Delmar Learning
(http://www.delmar.com/ and http://www.delmarlearning.com/) is part
of Thomson Learning and a leading provider of lifelong learning
products and services for the health care, technology and trades,
and career education markets. Delmar Learning's market-leading
imprints include Autodesk Press, OnWord Press, Singular Publishing
Group, Milady and West Legal Studies. The Corporation's common
shares are listed on the New York and Toronto stock exchanges
(NYSE: TOC; TSX: TOC). 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 strategic 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/ and
http://www.mv-dm.com/ . For more information: For investor
relations, contact Gary Geraci, National Financial Network,
781-444-6100 ext. 629, email: . At the Company, contact Lorraine
Villa, Executive Assistant to the CEO, , 800-263-1717 ext.2450.
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: Lorraine
Villa, Executive Assistant to the CEO of Magic Lantern Group,
+1-800-263-1717, ext.2450, or ; or Investor Relations: Gary Geraci
of National Financial Network, +1-781-444-6100, ext. 629, or Web
site: http://www.magiclantern.ca/ http://www.thomson.com/
http://www.magiclanterngroup.com/ http://www.mv-dm.com/
http://www.delmar.com/ http://www.delmarlearning.com/
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