ORLANDO, Fla., May 3, 2004 (PRIMEZONE) -- Raven Moon Entertainment, Inc. (OTCBB:RVNM), announced today that "The Transistor Sisters," a fully animated singing group created by Emmy Award winning Executive Producers Joey & Bernadette DiFrancesco will make their singing debut on three new "Gina D's Kids Club" episodes scheduled for production in June.
Former Disney Animator David Murray has been assigned to develop "The Transistor Sisters" under the guidance of "Gina D's Kids Club" Director Mike Gibilisco. Mr. Murray is currently developing the new "Mr. Bicycle Man" feature film and television series for Raven Animation, Inc., a wholly owned subsidiary of Raven Moon Entertainment, Inc.
Recently, Raven Moon Entertainment, Inc. and Serendipity Ltd. signed a Letter of Intent to form a Joint Venture to sell "Gina D & The Transistor Sisters" and "Mr. Bicycle Man" toys and products. Serendipity Ltd., a company formed in 1989, generates $25,000,000 in annual sales. Serendipity, backed by a 53,820-square foot factory in Mainland, China, can easily produce 100,000 pieces of various products monthly.
"The joint venture is being formed to give Raven Moon Entertainment shareholders a bigger piece of the pie," stated Joey DiFrancesco Raven's CEO.
Mr. DiFrancesco continued, "Their track record of success and their ability to place product into major retailers like Wal-Mart, Target and Toys-R-Us can have a positive impact on Raven Moon's bottom line."
Currently, Raven Moon Entertainment is producing 17 half-hour episodes of "Gina D's Kids Club" which will be offered to major stations this September by BKS Entertainment.
Company executives will be attending meetings with toy companies and executives at the Licensing Show in New York this June.
For information go to www.ravenmoon.net.
For Raven Moon Entertainment, Inc. investor information call Marc Jablon at (407) 877-5952. For Licensing call David Fingeroth at (201) 873-0678 or Shelly Goldberg at (818) 609-0678.
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.