RVMN announces 5 for 1 forward split!
COMTEX) B: Raven Moon's Board Approves 5-for-1 Forward Split to Reward Sh
reholders Who Hold and Acquire Stock in the Last Mont
B: Raven Moon's Board Approves 5-for-1 Forward Split to Reward Shareholders Who
old and Acquire Stock in the Last Month of 2005 ( PRNewswire-FirstCall )
ORLANDO, Fla., Dec 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Raven Moon
Entertainment, Inc. (OTC 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 ravenmoon.net or 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-
752, or
carol.merry@fahlgren.com, for Raven Moon
URL: prnewswire.com
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ginadskidsclub.com
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