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Wednesday, 04/16/2008 10:21:01 AM

Wednesday, April 16, 2008 10:21:01 AM

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DREAMWORKS STUDIOS OPTIONS RIGHTS TO PLATINUM STUDIOS' "ATLANTIS RISING"

Los Angeles, CA (April 16, 2008) - DreamWorks Studios has optioned the rights to make a feature film from Platinum Studios Inc.'s (OTCBB: PDOS) comic book "Atlantis Rising," it was announced today by Adam Goodman, President of Production for DreamWorks Studios.

Alex Kurtzman and Roberto Orci, who brought the project to the studio, will produce through their DreamWorks based company. Platinum Studios' Chairman and CEO, Scott Mitchell Rosenberg, will also produce. The Greenberg Group CEO and former Universal Pictures senior executive Randy Greenberg will executive produce and Platinum Studios Rich Marincic will co-produce.

Created by Scott Mitchell Rosenberg, "Atlantis Rising" is a five-part mini series first published by Platinum Studios Comics in November of 2007. The fifth and final installment in the series is due on comic book shelves in late April 2008.

In "Atlantis Rising," seismic disturbances at sea force world militaries to investigate the deepest part of our ocean, where an underground civilization emerges to do war with planet earth.

"Atlantis Rising" marks the second property that DreamWorks has optioned from Platinum Studios. DreamWorks, along with Universal Studios, optioned the rights to "Cowboys and Aliens" last year and is currently developing the sci-fi western adventure along with Kurtzman and Orci and Imagine Entertainment.

"We are excited about bringing audiences into the vast mysterious world of the ocean's depths for what we hope will be an edge-of-your seat experience," said Adam Goodman, DreamWorks' President of Production. "Our team at DreamWorks looks forward to this new association with Platinum Studios, and Kurtzman and Orci."

"Atlantis Rising is a provocative sci-fi thriller that at its core, echoes the global debate on our impact to the environment," said Rosenberg. "To again be working with the creative duo of DreamWorks and Kurtzman/Orci, I believe will give the project a bold and enthralling take on this classic myth."

"No sea horses or tridents here," said producers Kurtzman and Orci, "The comic brings a fresh, techno-thriller approach to a story that holds all the tenets of a classic us-versus-them alien invasion movie."

Kurtzman and Orci currently have an overall producing deal with DreamWorks Studios. They are currently producing the action thriller "Eagle Eye" for DreamWorks which will be released in theaters this September. They have also written several screenplays for DreamWorks projects, including "Transformers" and "The Island," and are currently at work on "Transformers 2." Among their other writing credits are "Mission: Impossible III," "The Legend of Zorro," and next year's "Star Trek," which they are also executive producing. They also served as producers and writers on the hit TV series, "Alias," and are executive producing the action/drama "Fringe" which is scheduled to debut on Fox in the fall.

About DreamWorks Studios

DreamWorks Studios was formed in 1994 by Steven Spielberg, Jeffrey Katzenberg, and David Geffen. The company won three consecutive Best Picture Academy Awards with "American Beauty," "Gladiator," and "A Beautiful Mind" (both co-produced with Universal). Among the company's other successes have been such films as "Saving Private Ryan" (co-produced with Paramount), "The Ring," "Minority Report" (co-produced with 20th Century Fox), "War of the Worlds," "Dreamgirls," and "Transformers" (all co-produced with Paramount). Among its upcoming productions are "The Ruins," "Tropic Thunder," "Eagle Eye," "Ghost Town," and "Revolutionary Road."

About Platinum Studios, Inc.

Platinum Studios (OTCBB: PDOS) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile / wireless, gaming, and merchandising. Platinum Studios' library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as www.DrunkDuck.com, the industry's preeminent webcomics community. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms. Platinum Studios - Comics Fueling Media EVERYWHERE!

To learn more about the company and to sign up for our newsletter, visit www.platinumstudios.com.

Platinum Studios Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC.

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About Platinum Studios - www.PlatinumStudios.com
Platinum Studios (OTCBB: PDOS) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile / wireless, gaming, and merchandising. Platinum Studios' library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as www.DrunkDuck.com, the industry's preeminent webcomics community. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms. Platinum Studios - Comics Fueling Media EVERYWHERE!

Company Profile
For an overview of Platinum Studios, its history and management team, please visit the company's 'About Us' section

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© 2008 Platinum Studios, Inc.