POW! Entertainment, Inc. Reports Financial Results for Second Quarter

Aug 04, 2011, 15:10 ET from POW! Entertainment, Inc.

LOS ANGELES, Aug. 4, 2011 /PRNewswire/ -- POW! Entertainment, Inc. (OTCQB: POWN) ("Company") reported in its Form 10-Q filed today net income and earnings per share for the three and six month period ended June 30, 2011.

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For the three months ended June 30, 2011, net income applicable to common shareholders was $478,504 or $0.00 per diluted share compared to net loss of $169,602 or ($0.00) per diluted share for the three months ended June 30, 2010. Revenue increased by $579,706 or 116.3% for the three months ended June 30, 2011 compared to the three months ended June 30, 2010.

For the six months ended June 30, 2011, net income applicable to common shareholders was $284,991 or $0.00 per diluted share compared to net loss of $543,775 or ($0.00) per diluted share for the six months ended June 30, 2010. Revenue increased by $667,007 or 66.6% for the six months ended June 30, 2011 compared to the six months ended June 30, 2010.

Please refer to the Company's Form 10-Q filed today with the Securities Exchange Commission for further details.

About POW! Entertainment www.powentertainment.com

POW! Entertainment, Inc. (OTCQB: POWN), 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 upper echelon, including studios and networks in the creation, licensing and distribution of new POW! character franchises.

SOURCE POW! Entertainment, Inc.



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http://www.powentertainment.com