ORLANDO, Fla., Jan. 9, 2004 (PRIMEZONE) -- Raven Moon Entertainment Inc. (OTCBB:RVNM) announced today that Raven Moon Entertainment's fictional character "Gina D" has been approved for Federal Trademark protection.
"Gina D," a fictional character owned by Executive Producers Joey and Bernadette DiFrancesco, has received Federal Trademark approval. Recently the DiFrancesco's received a Federal Trademark for the "Gina D's Kids Club" programs, "Mr. Bicycle Man" and "TV TED" as stand alone characters which can be spun-off into their own series. The "Gina D" trademark is important as a stand-alone character because she is the show's main character and a positive role model for children 2 to 5 years old.
"These rights will become extremely valuable once the "Gina D's Kids Club" television series of 15 episodes are fully produced and go on television in September 2004," stated Joey DiFrancesco, Raven Moon's CEO. "The key to financial success is to recognize an opportunity on Friday before it becomes a household word on Monday," stated DiFrancesco.
According to a One Year Addendum to the Option Agreement signed by the DiFrancesco's with Raven Moon, the company will have the right to re-negotiate the one-year Option for an additional eighteen year period prior to April 11, 2004 when the Option expires. Plans have been made for Raven Moon's Board of Directors to meet during the first week of February to approve and authorize a compensation package with the DiFrancescos for the continuation of these rights for an additional eighteen-year period. Federal trademark protection for characters on television such and "Barney" and "Sesame Street" can mean billions of dollars in revenues from merchandising and licensing of Videos, DVD's, Music, Toys, Clothing, Lunch Boxes and School Supplies.
Revenues Beginning
On 1/5/2003, Raven Moon received $110,000 cash deposit against its $1.1 million order from Club House Videos Inc. Included is $700,000 for video and DVD distribution rights for two new "Gina D's Kids Club" episodes, "Playtime" & "Clouds, Stars, and Sunshine" at $600,000, and Music CD distribution rights to "Gina D's Kids Club" Music CD Volume #3 at $100,000. Club House Videos previously purchased the rights to the Christmas episode and music CD at $400,000.
The NATPE Convention
Next week, Executive Producers Joey and Bernadette DiFrancesco, Keith Jablon, Director of Syndication, and Peter Bennett, Director of Promotion, www.petebennett.com, will be attending the annual NATPE Convention with "Kids Club" stars Gina D, Pierre D' Artist and TV TED who will be taking pictures and signing autographs at Booth 1556 with television program executives and distributors who will be airing the new series beginning September 2004.
For more information on Raven Moon Entertainment visit www.ravenmoon.net.
"Gina D's Kids Club" products are only available through Club House Videos Inc. Visit www.clubhousevideos.com for details.
For Club House Videos Inc. investor information call 1-866-THE-APPLE or 1-866-843-2775 or Marc Jablon at (407) 877-5952 for Raven Moon Entertainment, Inc.
Safe Harbor Act Notice: 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 report, offering memorandum, or prospectus. Specifications are subject to change without notice.