ORLANDO, Fla., Aug. 16, 2005 (PRIMEZONE) -- Raven Moon Entertainment, Inc. (OTCBB:RVMN) is pleased to announce that its Board of Directors has approved a new exercise price and record date for a shareholder warrant dividend originally set for shareholders of record as of August 19, 2005.
The new terms of the warrant dividend are: any shareholder of record as of August 31, 2005 shall receive one warrant for each share of common stock owned as of that date. The warrant may be exercised within one year from the record date at $0.02 per share. Shares received as a result of exercising the warrant will be restricted for one year from the issuance date.
The warrants will be mailed to the shareholders in September following confirmation from Raven Moon's transfer agent of the company's shareholders of record as of August 31, 2005.
Shareholders who need information on exercising their warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1752 or carol.merry@fahlgren.com.
About Raven Moon Entertainment, Inc.
Raven Moon Entertainment, Inc. is involved with the production of family entertainment programs for television, VHS tapes, DVDs, music CDs, and related toys. Raven Moon has produced 24 episodes of GINA D'S KIDS CLUB(r), which started airing in September 2004 and is currently carried on more than 161 television stations nationwide.
About GINA D'S KIDS CLUB (r):
EPISODE: "A Visit to the Doctor" by Mary Beth Leidman, Professor of Media Indiana University of Pennsylvania
Occasionally, it is possible to reflect on a exceptionally well conceived and well produced children's television program. Such is the case with "Gina D's Kids Club," in general, and with its specific episode entitled "A Visit to the Doctor." This particular show cannot help but become a classic among both young viewers and their parents due to its ability to inform and reassure about a sometimes scary fact facing all youngsters during their lives. "A Visit to the Doctor" displays excellence throughout. It will be viewed by children and appreciated by parents. Producing great children's television programming is always difficult. Yet, it is easy to see that "A Visit to the Doctor" has, perhaps, achieved a milestone in the marriage of education and entertainment for young children today.
For information on Raven Moon Entertainment and GINA D'S KIDS CLUB (r) visit www.ravenmoon.net or www.ginadskidsclub.com.
Safe Harbor Statement
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. Raven Moon Entertainment assumes no obligation to update any forward-looking statements.