Raven Moon Files Its 10KSB with the SEC
21 April 2008 - 9:15PM
Business Wire
Raven Moon Entertainment, Inc. (OTCBB: RVEN) (OTCBB: RVENE)
announced today that it has filed its annual 10-KSB with the SEC
and its temporary trading symbol RVENE will return to RVEN on
Tuesday April 22, 2008. Here are the significant transactions and
highlights of the filing: Net loss reduction by 43% from the prior
year Initial year of branding and marketing revenue amounting to
$1,020,850 Production costs decreased by 41% as projects were
completed Debt reduced by $3 million for past production costs
Overall debt level reduced by 44% Subsequent events reported
announcing an additional debt reduction of $2 million and treasury
stock acquisitions of 9 billion shares during 2008 �This is a truly
exciting time that we�ve struggled to get to - Now that the
production activities for all projects have been completed, and a
new 20% gross revenue license is in place, the company�s licensee�s
will focus on worldwide distribution and sales for the Gina D�s
Kids Club� brand of DVDs, CD�s and other products WITH NO COST TO
RAVEN MOON ENTERTAINMENT, INC. It is anticipated that except for
SEC required audit and related filing fees, there will be no
salaries or other expenses for Raven Moon Entertainment in 2008.
With a smaller number of outstanding common shares in the float,
anticipated revenues and no expenses, the company�s share price
could turn around and bring value to the public shareholders this
year,� stated Joey DiFrancesco, CEO of Raven Moon Entertainment,
Inc. To hear a FREE excerpt of the new �YOUNG AMERICA� single or to
buy a download of it or other GINA D� songs for only $0.99 go to
www.YoungAmericaMusicUSA.com. 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.
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