ORLANDO, Fla., Sept. 6, 2005 (PRIMEZONE) -- Raven Moon Entertainment, Inc. (OTCBB:RVMN) announced today that the company's officers Joey DiFrancesco, Chairman and CEO, and Bernadette DiFrancesco, Vice President and Secretary, have exercised 943,160 warrants at $0.02 each. Recently the company announced that shareholders of record as of August 31, 2005 would receive one warrant for each share of common stock owned as of that date. The warrant may be exercised anytime for one year at $0.02 per share.
"As founders and officers of the company, Bernadette and I have exercised these warrants to set an example of leadership and belief in the company's potential success," said Joey DiFrancesco. "We believe that 'if you're going to lead, you've got to believe' and we believe that Gina D's Kids Club(r) is a strong contender for leadership in preschool television programming, both in content and in presentation, and that our business strategy will result in value for our shareholders."
Syndication Information
Len Koch, Chairman of Role Entertainment, recently announced that Role Entertainment believes Gina D's Kids Club(r) can help commercial stations meet FCC requirements for three hours of educational programming per week. Role Entertainment is actively communicating that premise to stations. For syndication information call the Role Entertainment Team consisting of: Len Koch, Chairman and Bob Silberberg, President at (201) 568-4800, Bob Greenstein (561) 276-9080, David Steinfeld (917) 332-8187, Doug Streff (310) 553-3735, Val Cooley (703) 444-9892 or visit www.roletv.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 162 television stations nationwide.
For information on Raven Moon Entertainment and Gina D's Kids Club(r) visit www.ravenmoon.net or www.ginadskidsclub.com.
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.