ORLANDO, Fla., March 7, 2005 (PRIMEZONE) -- Raven Moon Entertainment, Inc. (OTCBB:RVNM) is pleased to announce that it has received an equity line of $5,500,000 from MG Studios Inc., which will allow the company to complete the production of 40 Gina D's Kids Club programs debt free.
The $5,500,000 Equity Line from MG Studios will replace the previous credit line that the company had with MG Studios. Raven Moon will be registering stock in an S3 registration to cover the costs of production and marketing over the next 18 months.
"We believe this equity line will put us on the fast track," stated Joey DiFrancesco, Raven Moon CEO.
Gina D's Kids Club is currently airing on approximately 80% of the U.S. markets weekly. The company has begun production on five new episodes of "Gina D's Kids Club". They include: "JOURNEY TO THE LAND OF DINOSAURS Part II", "REACH FOR THE STARS", "GOOD MANNERS", "THE RHYMING GAME", and "CUDDLE BUG CAPERS".
"'Gina D's Kids Club' is the best new children's educational program since Sesame Street which satisfies stations FCC requirements," stated Dr. Janice K. Battenberg, Educational Child Psychologist.
For Syndication information call Len Koch at Role Entertainment (201) 568-4800.
For company information contact 1-866 THE APPL(E) or www.ravenmoon.net.
"Gina D's Kids Club" DVD & Video products are only available through Club House Videos Inc. Visit www.clubhousevideos.com for details.
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.