Raven Moon Licenses Its GINA D(R) ''Brand'' So That It Can Be Marketed Separately
05 March 2008 - 11:15PM
Business Wire
Raven Moon Entertainment, Inc. (OTCBB: RVEN) announced today that
because of the tremendous broadcast growth with an 800% increase in
worldwide television coverage of �GINA D�S KIDS CLUB�� this past
year, its board of directors have decided to license its impressive
television and DVD library and all related properties to GINA D�S
KIDS CLUB, INC. so that the �brand� can be marketed and promoted
separately. In exchange for the license, Raven Moon Entertainment,
Inc. will receive a significant 20% gross royalty of any revenues
received by GINA D�S KIDS CLUB, INC. in perpetuity with a
$10,000,000 guarantee to be paid in the first three years of the
agreement. In addition the company will also benefit from any and
all made for television movies, theatrical films and Made In
America Entertainment music CD products without limitation or costs
to Raven Moon Entertainment, Inc. The board of directors of Raven
Moon has also agreed to extend the protection of anyone who
exercised warrants for restricted stock until September 30, 2008.
However anyone holding restricted shares that were purchased more
than then 12 months ago may now remove the restrictive legend by
contacting the transfer agent Florida Atlantic Stock Transfer, Inc.
directly because of a new SEC rule that states as of February 15,
2008 the waiting period has been reduced to one year. However if
the restrictive legend is removed the shares lose its protection
from any future reverse splits. For information about Raven Moon
Entertainment, Inc. and Gina D�s Kids Club go to www.ravenmoon.net
and 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 reports, offering
memorandum, or prospectus. Specifications are subject to change
without notice. Raven Moon Entertainment assumes no obligation to
update any forward-looking statements.
Reven Housing REIT (NASDAQ:RVEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Reven Housing REIT (NASDAQ:RVEN)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Reven Housing REIT Inc (NASDAQ): 0 recent articles
More Raven Moon Entertainment, Inc. News Articles