Advisors from Various States Meeting This Week, at Company Headquarters, to Help Develop New Finance and Other Business Strategies, and Clarification Issued.
Raven Moon Entertainment, Inc. (OTCBB: RAVI) announced today that advisors to the company from Illinois, Pennsylvania, New York, and Florida are meeting at the Company’s Orlando production studio this week.
The advisors will meet with Management to screen Raven Moon’s new made for TV movie mini-series and consult on various key areas, including production timing and finance issues for full-length animated motion pictures and related productions. Meetings should be complete early this week. Persons are flying in from various places, and mostly they are supplying very valuable advice on a professional basis with little charge to the Company given enthusiasm and confidence they have expressed. The Company is seeking to obtain input on capital, timing, production implementation, and other key areas on its movie production plans. Management expects to announce components of the strategies over the weeks ahead and took this step mindful of year end approach and need to plan the New Year in advance of January 1.
Since new production expenses have sharply been reduced after the completion of 44 half-hour episodes of “GINA D’S KIDS CLUB®” programs and the trend of more increased revenues are anticipated to be reported in the 3rd Quarter 10Q filing, the Company also wishes to clarify points, as to the announcement on September 25, 2007. The figures noted were from unaudited financial statements, and the determination to stop issuing S-8 stock as compensation for consulting services, beginning October 1, 2007, is limited in part. Attorneys providing valuable security, entertainment and general council services may continue to be paid with such stock and at some point in the future the Board may find the need to alter its determinations.
For more information on Raven Moon Entertainment and Products visit www.ravenmoon.net, www.ginadskidsclub.com or www.christiancimema.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.