RVME - enjoy this one:
Raven Moon Breaking News - Its Board of Directors Makes an Historic Pledge
4/23/2007
Company Plans No Reverse Stock Splits as Long as There is a Bid
and Ask Trading Price
ORLANDO, Fla., Apr 23, 2007 (BUSINESS WIRE) --
Raven Moon Entertainment, Inc. (OTCBB: RVME) announced its Board of Directors resolved:
"In our opinion, the Company has completed the most important set of milestones in its history, recently announced, including establishment of a relationship to distribute products; it is hereby resolved the Company will not plan any reverse stock splits as long as there is a bid and ask trading price."
In other words, if the Company stock is quoted for buy and sell orders, so there is a bid and ask price for willing buyers and sellers to trade with sales occurring, no reverse stock split will be undertaken.
The Board is enthusiastic about the potential moving forward. The Company's main goal of giving parents what they have been asking for is finally a reality, achieved by Gina D's Kids Club products soon to be available on a wider retail basis. Those products enjoy the award winning Dove Foundation Family Seal of Approval. They are G-Rated. They combine clean education with wonderful entertainment, so that children love to watch and listen to Raven Moon's TV shows, as well as its DVDs and CDs.
CEO Joey DiFrancesco, speaking on behalf of Raven Moon's Board of Directors, which is made up of three independent members: Dr. Janice K. Battenberg, Robert McCarthy and Financial Editor and Chairman of the Finance Committee Larry Oakley, described why the Board is so optimistic: The Board notes: "(1) We have 44 DVD titles in our catalog and the Trinity Broadcasting Network is airing our programs in 95% of the world (available TV audience); (2) We now have the new distribution deal with worldwide distributor STL/Faithworks that can put our product in over 1150+ retail outlets; (3) The B&B Media Group of Dallas will have Gina D do interviews with major Christian radio stations and networks this summer; and (4) After nine years of effort, our Company is ready to generate revenues that should have a positive impact on our stock price and bring further value to our shareholders. We are ready for the next level."
For more information go to: www.tbbmedia.com, www.faithworksonline.com, www.tbn.org, www.ravenmoon.net, www.ginadskidsclub.com.
To get a FREE sample 90 minute DVD of Raven Moon's product call (407) 774-4462. The retail price of $19.99 waived, so one just has to pay $6.95 for shipping and handling. Terms and availability subject to change.
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.
SOURCE: Raven Moon Entertainment, Inc.
Raven Moon Entertainment, Inc. Carlos Torres, 407-260-2773
Copyright Business Wire 2007
