POW! Entertainment Announces the Appointment of Gill Champion as Chief Executive Officer and Arthur Lieberman as Chief Operating Officer and Secretary

BEVERLY HILLS, Calif., Jan. 26, 2011 /PRNewswire/ -- POW! Entertainment (Pink Sheets: POWN) (“the Company”), a multi-media and entertainment company, today announced the appointment of Gill Champion as Chief Executive Officer and Arthur Lieberman as Chief Operating Officer and Secretary.  The positions reflect updated titles of the managing members of the Company.  Both individuals will retain their positions on the Company’s Board of Directors.  

Mr. Champion is currently President of the Company and was previously Chief Operating Officer, having the title since the Company’s formation in 2001.  Mr. Champion is one of the initial founders of the Company.  He will continue his existing role as President and supervise as Executive Producer on projects in development. Prior to POW! Entertainment, Mr. Champion was Chief Operating Officer and Vice President of Mirage Holdings, Inc.  He also served as Chief Executive Officer of American CinemaStores, Inc. Prior to joining the Company, he was Chief Operating Officer of SLM from July 1999 until it filed for bankruptcy protection and terminated operations in June 2001. Collectively, Mr. Champion’s expertise includes over 25 years of experience in global entertainment, marketing, and licensing.  

Mr. Lieberman previously served as POW! Entertainment’s Chief Officer of Business Affairs, managing the Company’s corporate legal affairs including negotiating licensing deals, business partnerships, affiliations, and other strategic transactions.  Mr. Lieberman is one of the Company’s initial founders. He will continue his existing role and take on additional responsibilities as Chief Operating Officer. He has extensive experience in the media and entertainment industry prior to POW! Entertainment’s inception, having negotiated over 100 deals with major entertainment houses including: Universal Studios, Fox Studios, Warner Brothers, Marvel Comics and others.

Ms. Le, who joined the Company in December 2010, has assumed responsibilities for corporate financial reporting.  Prior to joining POW! Entertainment, Ms. Le served as Manager of Financial Reporting at the apparel company Fredrick’s of Hollywood.  She also spent five years at Fineman & West, a boutique CPA firm located in Beverly Hills.  Ms. Junko Kobayashi  stepped down as POW!’s Chief Financial Officer in order to devote more time to the Stan Lee Foundation.  She will also act as an independent consultant on POW! Entertainment projects related to Japan.

“We are pleased to announce these appointments, especially at such an exciting time in POW!’s corporate growth,” stated Mr. Stan Lee, Chairman and Chief Creative Officer of POW! Entertainment. “With the beginning of 2011 upon us, the Company’s goal is to raise the corporate visibility among the investment community as well as continue our corporate goals of evolving into a worldwide new media and entertainment corporation.  Both Mr. Champion and Mr. Lieberman have utilized their extensive individual experience in building POW! into the Company it is today.  It is a pleasure to continue working with them and adding the fresh talent of Ms. Le as we look forward to furthering our goals of creating new content and characters, establishing additional development partners, and expanding our operations to take full advantage of emerging opportunities in the media and entertainment space.”

ABOUT POW! (PURVEYORS OF WONDER) ENTERTAINMENT, INC.

POW! Entertainment, a multi-media and entertainment company, was founded by noted comic book and entertainment figure Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman. POW!’s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW! is capitalizing on this combined expertise, specializing in creating and developing both the legacy and digital media components of the entertainment industry. This includes animation and live-action feature films, plus television, DVDs, multi-media, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment’s top echelon, including studios and networks in the creation, licensing and distribution of new POW! character franchises. www.powentertainment.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Some of the statements in this Press Release are forward-looking statements about what may happen in the future. Forward-looking statements include statements regarding our current beliefs, goals, and expectations about matters such as our expected financial position and operating results, our business strategy, and our financing plans. The forward-looking statements in this Press Release are not based on historical facts, but rather reflect the current expectations of our management concerning future results and events.  The forward-looking statements generally can be identified by the use of terms such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely” or other similar words or phrases. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be different from any future results, performance and achievements expressed or implied by these statements.  We cannot guarantee that our forward-looking statements will turn out to be correct or that our beliefs and goals will not change. Our actual results could be very different from and worse than our expectations for various reasons.  Any forward-looking statements in this Press Release are made only as of the date hereof and, except as may be required by law, we do not have any obligation to publicly update any forward-looking statements contained in this Press Release to reflect subsequent events or circumstances.

SOURCE POW! Entertainment