Raven Moon's Board Approves 5-for-1 Forward Split to Reward Shareholders Who Hold and Acquire Stock in the Last Month of 2005
Raven Moon's Board Approves 5-for-1 Forward Split to Reward Shareholders Who Hold and Acquire Stock in the Last Month of 2005
ORLANDO, Fla., Dec. 1 /PRNewswire-FirstCall/ -- Raven Moon Entertainment, Inc. (BULLETIN BOARD: RVMN) announced today that its 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. "We have been making good progress in executing our strategy of increasing the visibility of GINA D'S KIDS CLUB(R), which will increase demand for toys and other products based on the show's characters. Building a following is a lengthy process but we have come a long way since the show first aired in September 2004. We have produced 24 episodes of the show and expanded our market reach to include 227 stations that carry the show. Earlier this month, we signed an agreement with WPBT/Channel 2 in Miami to become public television's exclusive presenting station for our show. Further, American Public Television (APT) has offered the series for distribution, with a targeted June 2006 release. These activities represent our growth strategy, which is augmented by the 'Gina D's Reading Across America Program'(TM) and other public appearances to promote the show and reinforce its value to its pre-school audience. The 5-for-1 forward split and the 100-for-1 warrant dividend are two ways that we can show our appreciation for our shareholders for their loyalty as we work to grow the company."
ABOUT GINA D'S KIDS CLUB:
GINA D'S KIDS CLUB(R) was launched in September 2004 as a once-a-week series in selected markets. 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 pre-school and early elementary school-aged children on a premier pre-school destination like public television.
The program is a family friendly show that provides educational content in an original and entertaining format, at the same time inspiring and reinforcing positive values. Gina D (R) invites children to join her in a familiar yet highly imaginative world that is filled with original, uplifting songs, state-of-the-art animation, puppets and live action characters. The programs are produced by Emmy Award-winning executive producers Joey & Bernadette DiFrancesco for Raven Moon Entertainment, Inc. based in Orlando, FL.
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 information about "Gina D's Reading Across America Program," call Janet Serluco or Diana Holiday at 407-774-4462.
For WPBT-Miami, contact Ellen Soto at 305-424-4040 or ellen_soto@wpbt.org
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.
Contact: Carol Merry
Fahlgren Mortine Investor Relations
Phone: 614-825-1752
Email: carol.merry@fahlgren.com
Source: Raven Moon Entertainment, Inc.
CONTACT: Carol Merry, Fahlgren Mortine Investor Relations,
+1-614-825-1752, or carol.merry@fahlgren.com, for Raven Moon
Web site: http://www.ravenmoon.net/
http://www.ginadskidsclub.com/
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