ORLANDO, Fla., July 15, 2005 (PRIMEZONE) -- Raven Moon Entertainment, Inc. (OTCBB:RVMN) is pleased to announce that its Board of Directors has approved a shareholder dividend where shareholders of record as of August 19, 2005 shall receive one warrant for each share of common owned as of that date.
The warrant will entitle the shareholder to purchase one share of restricted stock at $0.25 per share for each share owned as of the record date of August 19, 2005.
"We are pleased to give something back to those shareholders who have supported us throughout the years. We look forward to our shareholders continued support as we move closer towards completing 39 episodes of GINA D'S KIDS CLUB(r) by September 2006," commented Joey DiFrancesco, CEO of Raven Moon Entertainment, Inc.
About Raven Moon Entertainment, Inc.
Raven Moon Entertainment, Inc. is a diversified company involved in the production of family entertainment programs and videos, as well as related toys, CD music production, e-Commerce, Internet websites, music publishing and talent management. Raven Moon Entertainment produces "Gina D's Kids Club," which is currently airing in over 78% of the total U.S. households on various ABC, NBC, CBS, WB, UPN, and PBS stations.
For company information contact 1-866 THE APPL(E) or www.ravenmoon.net.
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.