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RESHONE INTERNATIONAL INVESTMENT GROUP LTD. (RIIG), TRADED ON THE OTC BULLETIN BOARD, SIGNS LETTER OF INTENT TO ACQUIRE ATRI INTERNATIONAL

RESHONE INTERNATIONAL INVESTMENT GROUP LTD. (RIIG), TRADED ON THE OTC BULLETIN BOARD, SIGNS LETTER OF INTENT TO ACQUIRE ATRI INTERNATIONAL
 SHERMAN OAKS, Calif., Aug. 18 /PRNewswire/ -- Reshone International Investment Group Ltd. (OTC Bulletin Board) announced that it signed a letter of intent to acquire all of the issued and outstanding shares of ATRI International. The signing of the letter of intent was announced by Reshone President Thomas J. Davis, Jr. It provides that the exchange of shares is subject to the execution of a definitive agreement and is subject to board of director's approval by Reshone. The ATRI directors have already approved the exchange. The agreement will provide that ATRI be merged into Reshone.
 ATRI owns the film library known as the "Classic Russian Fairy Tale Film Collection" (except for the rights to the territory formerly known as the U.S.S.R.). The Collection contains 24 live-action feature-length children's movies, made at Moscow's Gorky Studios. The Collection has been appraised by Wright Houlihan and Associates Inc., of Costa Mesa, Calif., for $33,000,000.
 Reshone announced the acquisition of Sherman Oaks-based Multi Entertainment Holdings ("MEH") in June. MEH is a children's film and video distributor, which holds the worldwide license to market the Collection.
 Reshone's MEH subsidiary will continue to handle the licensing of the films internationally and North American distribution.
 North American video releases of films from the Collection are planned for this fall, with special theatrical showings contemplated to begin across the United States in the spring of 1993.
 A number of organizations in countries that MEH licensed the Collection to, including Italy's RCS Video (part of the Rizzoli publishing group), are scheduling the release of films from the Collection in the fourth quarter of 1992.
 -0- 8/18/92
 /CONTACT: Jo Ann Davis, executive VP of Reshone, 818-783-5223/ CO: Reshone International Investment Group Ltd.; ATRI International ST: California IN: ENT SU: TNM


JB-KJ -- LA010 -- 0788 08/18/92 08:03 EDT
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Date:Aug 18, 1992
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