ORLANDO, Fla., Aug. 24, 2004 (PRIMEZONE) -- Raven Moon Entertainment Inc. (OTCBB:RVNM) announced today that it has been featured on Larry Oakley's Wallstreetcorner.com. In his article Raven Moon's newest Director, Larry Oakley called Raven Moon Entertainment an "excellent opportunity" and that the syndication of the "Gina D's Kids Club" series is the key to increases in sales of the videos, DVDs, and CDs.
At Raven Moon shareholders were treated to video excerpts from several of "Gina D's Kids Club" episodes and a look at its new promotional efforts. "Rosanne accompanied me to the annual meeting and was really impressed with what has been accomplished. It's good to see one's wife so enthusiastic. Incidentally, each time I see any of the video productions that Raven Moon has done, I am struck by their high quality -- I've never seen better video quality, either in TV programs or in any commercials" stated Larry Oakley, Director.
Key Progress
1. CBS "Survivor All Star" Rob C. is under a long-term contract to be the host of RVNM's new fully animated 3-D Realty Video Game & live action TV show called "Amazon Challenge - Search for The Amazon Queen" designed for teens & young adults. It was created & copyrighted by Joey & Bernadette DiFrancesco in 1989, well ahead of CBS's "Survivor" or NBC's "Fear Factor."
2. The first season (13 episodes) of "Gina-D's Kids Club" is completed and "in-the-can." The syndication process of these programs, under the direction of Role Entertainment (201- 568-4800), will set a new standard for children's television for years to come. This fall, children across America will be able to watch the best new program since "Sesame Street" on select PBS, WB, UPN, and ABC stations. Syndication is also underway with FOX & NBC stations. The episodes will be airing in NY, Los Angeles, Philadelphia, Las Vegas, Maryland, Pittsburgh, & many other states & cities across the country.
3. The board acted on financing plans to cover the development of new productions so the number of episodes can be increased to a total of 39.
4. In a news release today (8/17/2004), Raven Moon announced it retained Zahn Dental chairman Norman Weinstock to assist the company with mergers & acquisitions. Here are some points covered in that release:
Norman Weinstock formed a partnership with Henry Schein Co. (Nasdaq:HSIC) to purchase Zahn Dental, now the world's largest dental laboratory supply company. He is also VP of Henry Schein, Inc. and a past president of Dental Manufacturers of America.
Weinstock will assist Raven Moon in locating suitable merger and acquisition candidates that can help bring Raven Moon the assets needed to move up to either the AMEX or the Nasdaq exchange.
5. Raven Moon announced a one-year extension on its agreement with Club House Videos Inc.; beginning 7/27/2004, a minimum payment of $300,000 to be paid during the extension year, and most important, an increase from 10% to 25% of all worldwide gross revenues received by Club House on the licensed properties from "Gina D's Kids Club" videos, DVDs, and music CDs.
The original deal, ended 7/27/2004, resulted in a $1.8 million reduction of Raven Moon's debt and a stock dividend for all of Raven Moon's shareholders. Club House Videos received the rights to many of "Gina D's Kids Club's" videos, DVDs, & CD products including the Christmas Special. The "Gina D's Kids Club" TV show inspired 14 products of which Club House Videos has the exclusive rights.
As part of the new agreement, Club House has the right to acquire all new "Gina D's Kids Club" videos, DVDs, and CDs for $300,000 per Video/DVD and $100,000 for each "Gina D's Kids Club" Music CD provided it makes a minimum payment of $300,000 during the extension year plus 25% of any and all worldwide gross revenues from licensed properties.
"In my opinion, as the episodes are aired, sales of the videos, DVDs, and CDs should increase. The resulting cash flow should allow Club House to pay more of the $300,000 increments, and the 25% off-the-top of gross revenues payable to Raven Moon should certainly be attractive," stated Oakley, Raven Moon, Director.
For investor information call Marc Jablon at 407-877-5952 or go to www.ravenmoon.net
For mergers & acquisition call Norman P. Weinstock at 800-231-9676.
For Syndication call Len Koch at (201) 568-4800.
Safe Harbor Act Notice: 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 report, offering memorandum, or prospectus. Specifications are subject to change without notice.