Raven Moon CEO Letter Noting Public Television Agreement and 5-for-1 Forward Stock Split Posted on Wall Street Corner Web Site
CEO states, 'Shareholders who exercise their warrants to purchase restricted
shares before the exercise deadline of December 31, 2005 will hold a higher
number of shares eligible for the 5-for-1 forward split'
ORLANDO, Fla., Dec. 8 /PRNewswire-FirstCall/ -- Raven Moon Entertainment, Inc. (OTC Bulletin Board: RVMN) announced today that a summary of the company's recent successes, announcements and activities, as well as comments from the Chairman and CEO, are available at the Wall Street Corner Web site. In a letter to shareholders, a copy of which is posted on http://www.wallstreetcorner.com , Joey DiFrancesco, Chairman and CEO of Raven Moon, discussed the significance for the company's shareholders of the recent announcement that WPBT/Channel 2 in Miami, Fla. will be public television's exclusive presenting station for GINA D'S KIDS CLUB(R). Further, American Public Television (APT) has offered the series for distribution, with a target June 2006 release. Mr. DiFrancesco referenced the new additions to the show's Web site ( http://www.ginadskidsclub.com ), including Christmas merchandise in the shopping section. Also in the letter, he provided an update on the Gina D's Reading Across America Program(TM). Mr. DiFrancesco also commented on the 5-for-1 forward stock split announced last week and the previously announced 100-for-1 warrant dividend (record date September 30, 2005): "Shareholders who exercise their warrants to purchase restricted shares before the exercise deadline of December 31, 2005 will hold a higher number of shares eligible for the 5-for-1 forward split." Mr. DiFrancesco clarified the company's intentions with regard to the warrant dividends, forward stock split and proceeds. "From our perspective, this is a win-win benefit," said Mr. DiFrancesco. "Our shareholders increase their position with the company when the price is low and the money paid for those warrants goes directly to the company to complete additional episodes that will permit us to air the program five days a week. That, in turn, will accelerate our efforts in two areas -- one is the launching of our aggressive licensing program and the other is the launching of our aggressive marketing effort, which will address the major retail chains." Lawrence C. Oakley, editor of Wall Street Corner, is a Director of Raven Moon Entertainment. ABOUT GINA D'S KIDS CLUB(R) GINA D'S KIDS CLUB(R) started airing in September 2004 as a once-a-week series in 227 selected markets. In November 2005, an exclusive agreement was signed with public television station WPBT Miami designed to expand the reach of the program for pre-school and early elementary school-aged children on a premier pre-school destination like public television. For more information on Raven Moon Entertainment and Gina D's Kids Club(R), visit http://www.ravenmoon.net or http://www.ginadskidsclub.com . Safe Harbor Statement This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual reports, offering memorandum, or prospectus. Specifications are subject to change without notice. Raven Moon Entertainment assumes no obligation to update any forward-looking statements. Contact: Carol Merry Fahlgren Mortine Investor Relations Phone: 614-825-1752 Email: firstname.lastname@example.org
SOURCE Raven Moon Entertainment, Inc.
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