FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 15, 2002-- Magicinc.com, (OTCBB: MGCN) a Delaware corporation, announced today that it has changed its name to Magic Media Networks, Inc. to more accurately reflect its current business model. In concert with the change, Magic Media Networks launched a redesigned website at a new Web address: http://www.magicmedianetworks.com. The company will continue to trade on the OTCBB under its current ticker symbol "MGCN."

"Our name change from Magicinc.com to Magic Media Networks more accurately reflects our current business as a media company as well as our strategy to continue to expand our digital advertising network," stated Magic Media Networks President and CEO Gordon Scott Venters.

We are also moving aggressively to launch the Cybars Digital Advertising Network throughout the US and Canada. The Cybars network is a new Digital Media Network of large screen monitors located in high profile nightlife destinations, displaying advertiser supported entertainment.

"Bars and nightclubs are a key lifestyle destination where people in the 21-34-year-old age group are congregating with like-minded individuals who are relaxed and in the mood to buy. Statistics show that this group is 126% more likely to be out in bars or nightclubs one or more times a month," adds Mr. Venters.

Digital "Place-Based" Media is considered one of advertising's hottest sectors, attracting millions in investment capital. Magic Media Networks shares this sector with Next Generation Network (NGN), RMS Networks (RMS), Premier Retail Networks (PRN), AdSpace Networks, and Captivate Network, all privately held companies.

About Magic Media Networks, Inc.
Magic Media Networks, Inc. is a media production company focused on the rapidly growing, $21 billion point-of-sale (POS), point-of-purchase (POP), out-of-home (OOH), display-based advertising industry, offering extensive production capability and the exclusive services of an established digital advertising network. The company's primary business is the production and distribution of advertiser supported programming content for bars and nightclubs.

Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analysis. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.

For further information contact: Gordon Scott Venters, CEO, at: 954-764-0579; Facsimile: 954-764-3520. Additional information is available at the Company's website: http://www.magicmedianetworks.com.

CONTACT:
Magic Media Networks, Inc., Fort Lauderdale
Gordon Scott Venters, 954/764-0579
Facsimile: 954/764-3520

SOURCE Magic Media Networks, Inc.