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Please read carefully, before you call me a spammer and Re DMNXE just check the price since my first post. I still think your board is good, but "you all" might want to know what you are talking about before you speak. jmho

(BSNS WIRE) Magellan Filmed Entertainment Sets Sail with Richard Alan Ladd
Magellan Filmed Entertainment Sets Sail with Richard Alan Ladd


Business Editors/Entertainment Writers

KIRKLAND, Wash.--(BUSINESS WIRE)--May 10, 2001--

New Production Fund Allows Magellan To Make 2 to 4 Films A Year
RENNIE'S LANDING World Premiere at Seattle Film Festival

Magellan Filmed Entertainment, Inc. (OTCBB:MFLE) announced they
are in negotiations for financing their 2001 slate of films.
While the exact figure has not been disclosed, Magellan CEO Pat
Charles stated that the production-financing fund is mid-seven figures
and was arranged by California investment banker Richard Alan Ladd.
The production fund, along with additional financing from other
investment partners and distributors, will enable Magellan to plan to
produce 2 to 4 pictures a year in the $2 to $10 million-dollar range.
Magellan has already established itself as an innovative
independent film production and finance company with its flagship
project RENNIE'S LANDING. Funded entirely by an innovative public
offering, the film was directed by Steven Spielberg protege Marc Fusco
who co-wrote with Michael Garrity. RENNIE'S LANDING stars Peter
Facinelli (THE BIG KAHUNA, RIDING IN CARS WITH BOYS), Ethan Embry
(CAN'T HARDLY WAIT, EMPIRE RECORDS, THAT THING YOU DO), Charlotte
Ayanna (BLUE IGUANA) and Scott Foley ("Felicity," SCREAM 3).
Distributed internationally by Franchise Pictures, Jim Steele is
representing the picture domestically. RENNIE'S LANDING will make its
world premiere June 15 in competition at the Seattle Film Festival.
Magellan's current slate includes: FIRST YOU DREAM THEN YOU DIE,
written by Franco Ferrini (ONCE UPON A TIME IN AMERICA), Enrico
Medioli (THE DAMNED) and Francisco Lucente (CEO of Canada's Pioneer
Pictures, who will co-produce). The film is based on historical
allegations tying famous Hitchcock scriptwriter Cornell Woolrich to a
series of grisly serial killings in New York during the 1930's. Set
for a late-summer production start in Europe, the project will be
financed through a mix of equity investments, foreign subsidies and
presales with Magellan's Tony Romano and Michel Shane producing.
Comedy veteran Michael Ian Black, currently seen on NBC's hit show
"Ed," has written and will helm his offbeat comedy THE PLEASURE OF
YOUR COMPANY for Magellan in early summer. Project will reunite
Michael Garrity and Marc Fusco as producers; Mike Gabrawy joins them
in this effort.
Magellan's Romano and Shane will produce FIVE STONES with partner
Progressive Pop LLC and co-producer Ellen Endo Dizan. Scribe/director
Jeffrey Kramer calls the indigenous Hawaiian story "an epic journey
into love;" it is set to shoot in Hawaii this fall.
Most recently, Magellan has set up CATCH ME IF YOU CAN, based on
the best selling autobiography of notorious con man Frank Abignale, at
Dreamworks SKG. Production is scheduled to start early in the fall and
is rumored to have Leonardo di Caprio attached.

About Magellan Entertainment

Formed in May 2000 by Shane and Romano, Magellan Filmed
Entertainment Ltd. (OTCBB:MFLE) was acquired by Seattle-based
financiers Pat Charles and partner Terry Picken. Together, the
production team has over a dozen pictures set up at various studios.
Magellan has a multi-picture deal with Franchise Pictures. Filmmakers
Fusco, Gabrawy and Garrity round out this highly competitive company.
"As we announce our 2001 slate of films, we believe Magellan has all
the ingredients for success in today's production environment," says
Romano. "We have stable, solid financing, quality projects completed
and in development, and confirmed domestic and international
distribution relationships. We're looking forward to bringing Pat,
Richard and Terry's experience to bear on the marketplace."

This press release contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. Expression of future goals and similar
expressions reflecting something other than historical fact involve
risks and uncertainties. The actual results the company achieves may
differ materially from any forward-looking statements due to such
risks and uncertainties.

--30--cjg/se*

CONTACT: Magellan Filmed Entertainment Ltd.
Cory Weber, 888/878-9683

KEYWORD: WASHINGTON
INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES

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