Red Giant Entertainment Inc. Secures $5,000,000 Equity Line for Expansion
April 18 2013 - 7:30AM
Marketwired
Red Giant Entertainment Inc. (OTCQB: REDG), an innovative
Intellectual Property company specializing in high quality
characters and content for use in a variety of media and
entertainment, is pleased to announce that it has secured an equity
line of credit up to $5,000,000 to be used for funding their
'Giant-Size' initiative, announced March 11, 2013. Iconic Holdings
LLC will provide the financial resources for this agreement.
"This equity line of credit allows our already profitable
company to further expand on its successes," stated Red Giant
Entertainment CEO Benny Powell. "We intend to use these funds to
finance the development and creative for our 'Giant-Size' line of
comics. The reality is that while advertising will wholly finance
the lucrative revenue model for our freely-distributed books, we
will need to cover the initial creative artwork and printing
costs."
There will be four main books in the Giant-Size Line. Each book
will appeal to a diverse demographic group by hosting a different
genre of stories. Each book will feature two titles for each, a
lead 20-page story and a 10-page backup.
Giant-Size Action will feature mainstream
science-fiction, fantasy, action, and adventure stories. The lead
story will be Wayward Sons, which is a spin-off of their flagship
Wayward Sons: Legends title, following the exploits of the modern
day sons and daughters of the beings once worshipped as gods of
legend. The backup story will be Tesla, and follow the exploits of
Nikola Tesla as he employs his wide array of gadgets and ingenuity
to battle the nefarious schemes of his arch nemesis, Thomas
Edison.
Giant-Size Fatales will feature works told
from a woman's perspective, but in a way that everyone can enjoy.
The lead title will be Duel Identity, which follows the world's
preeminent super-heroine with a twist -- in reality, she's the
world's top spy and assassin. The backup feature will be Pandora's
Blog, which follows a young blogger as she investigates the strange
happenings in her town.
Giant-Size Thrills will feature works of
suspense, horror, thrillers and nail-biters of all sorts. First up
will be the quirky Lizzie, which follows the infamous Lizzie Borden
and a young H.P. Lovecraft as they battle the demons that only they
can see invading our world. This is followed by The Shadow
Children, a macabre tale of three children embroiled in the
supernatural forces that invade their lives.
Giant-Size Fantasy will play host to
all-ages fare suitable and enjoyable for the whole family. This
will kick off with Magika, an on-going series based on the Red
Giant animated feature, Journey to Magika. Additionally, Sherwood
will back this up, as we delve into the world of Robin Hood, who is
actually just an actor hired by the real hero -- Maid Marian.
Giant-Size Quarterly book will rotate a
wide range of books that will touch on each of these targets in a
unique manner.
"We are committed to our long-term strategy and growth," added
Powell. "This financing will give us the ability to make these
books and our million-weekly circulation, a reality. The sky isn't
a limit, it's a starting point."
ABOUT RED GIANT ENTERTAINMENT INC. Red
Giant Entertainment Inc. (OTCQB: REDG) is a Nevada corporation that
specializes in Intellectual Property (IP) development for multiple
media platforms and transmedia propagation. The cornerstone of this
development is based around the more than three dozen online and
print graphic novel properties in various stages of production as
well as the cast of thousands of characters from those series.
These properties have a readership that numbers in the millions
globally. Some of these properties are actively in development into
other media such as movies, video games, television, novels, toys,
apparel, applications, etc. through either direct production or
licensing agreements.
For further information visit www.RedGiantEntertainment.com
Forward Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statements that are not statements of historical fact
(including but not limited to statements containing the words
"will," "believes," "plans," "anticipates," "expects," "look
forward", "estimates" and similar expressions) should be considered
to be forward-looking statements. Further, the safe harbor
provisions of said Act may not apply to an issuer that issues penny
stock. Actual results may differ materially from those indicated by
such forward-looking statements as a result of various important
factors, to include acquisition, production, marketing,
distribution, competition with related patent, trademark and
license issues involving contractual obligations and concessions.
The Company does not assume any obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release, except as required by applicable
law. The Company files annual, quarterly and current reports, proxy
and informational statements and other information with the
Securities and Exchange Commission. This press release should be
read in conjunction with all of the reports that the Company has
previously filed with the Securities and Exchange Commission for
financial and other information about it.
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Company Contact: Red Giant Entertainment Inc. 877-904-7334 Email
Contact Investor Relations Contact: Kurt Divich Integrity Media
Inc. www.IntegrityIR.com (702) 396-1000