Raven Moon Receives $4.76 Million in New Financing to Complete 40 Episodes of GINA D'S KIDS CLUB(R) for PBS

Raven Moon Receives $4.76 Million in New Financing to Complete 40 Episodes of GINA D'S KIDS CLUB(R) for PBS

American Public Television and WPBT/Miami Have Offered 23 Brand New, Never-Seen Episodes of GINA D'S KIDS CLUB(R) to Public Television Stations Targeted for a June 2006 Launch

ORLANDO, Fla., Dec. 6 /PRNewswire-FirstCall/ -- Raven Moon Entertainment, Inc. (BULLETIN BOARD: RVMN) is pleased to announce that it has received $4.76 million in new financing from MG Studios in order to produce 17 episodes of GINA D'S KIDS CLUB(R). The additional episodes will bring the total number available for public television stations to 40.

The $4.76 million from MG Studios is in addition to the $5.0 million in financing it has invested in Raven Moon more than a year ago. MG Studios has extended the additional financing to Raven Moon Entertainment based on the company's good standing with its payments. "Raven Moon is a cash-and-carry company. They have paid in full for all episodes to date. MG Studios is very happy to be a partner with the company in creating high-quality children's television programming and we are excited about the prospects for the show and for Raven Moon," said Mike Gibilisco, President and Owner of MG Studios.

Raven Moon's Board approves 5-for-1 forward split to reward shareholders who hold and acquire stock in the last month of 2005

Last week, Raven Moon's Board of Directors and majority stockholders approved a forward stock split on a 5-for-1 share basis. The record date for the forward split is December 31, 2005. The effective date will be January 30, 2006.

As a result of the forward stock split, every one outstanding share of the company's common stock will be exchanged for five new shares of common stock. Common stockholders are not required to take any action related to the forward split.

"The forward split will increase the holdings of our shareholders, including all those current and new shareholders who have exercised their 100-for-1 warrants before December 31, 2005," said Joey DiFrancesco, Chairman and CEO of Raven Moon.

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 227 television stations nationwide. In November 2005, an exclusive agreement was signed with public television station WPBT-Miami designed to expand the reach of GINA D'S KIDS CLUB(R) for early elementary school-aged children on a premier pre-school destination like public television.

For more information on Raven Moon Entertainment and GINA D'S KIDS CLUB(R), visit http://www.ravenmoon.net/ or http://www.ginadskidsclub.com/ .

For WPBT-Miami, contact Ellen Soto at (305) 424-4040 or ellen_wpbt.org .

About MG Studios

MG Studios is a state-of-the-art fully digital television and multi-media studio located in Longwood, Florida. With capabilities to produce, edit, animate, create special effects and CD-ROM and DVD authoring, along with Web design, MG Studios specializes in the creation and complete packaging of content for the television industry. For more information, visit http://www.mgstudios.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 reports, offering memorandum, or prospectus. Specifications are subject to change without notice. Raven Moon Entertainment assumes no obligation to update any forward-looking statements.

Source: Raven Moon Entertainment, Inc.

CONTACT: Carol Merry, Fahlgren Mortine Investor Relations,
+1-614-825-1752, or carol.merry@fahlgren.com, for Raven Moon Entertainment

Web site: http://www.ravenmoon.net/
http://www.ginadskidsclub.com/
http://www.mgstudios.com/

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