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PDOS: IM Global and Platinum Studios, Inc Partner to Bring 'Hero By Night' to TV
Friday November 14, 9:00 am ET
Comic Book Series won the 2006 Comic Book Challenge(R)

LOS ANGELES, Nov. 14 /PRNewswire-FirstCall/ -- IM Global a worldwide financing, sales and distribution outfit for big-budget genre movies and specialty films and Platinum Studios, Inc. (OTC Bulletin Board: PDOS - News), an entertainment company that controls an international library of more than 5,600 comic book characters which it adapts, produces and licenses for all forms of media, announced today that they will develop a live action television series based on the Comic Book Challenge® winner "Hero By Night".

Under the agreement, IM Global will handle worldwide distribution for the project and will produce Hero By Night through their IM Global Television banner run by television veteran Gavin Reardon, who brokered the deal along with the Rigberg Entertainment Group.

Hero By Night, created by 2006 Comic Book Challenge® winner, DJ Coffman, tells the story of young landlord, Jack King, who uncovers the lair of the legendary Hero by Night. Determined to make a little extra cash, Jack auctions the Hero's journal on eBay. His plans backfire when he attracts the attention of Hero by Night's old arch-enemy. Jack must now embrace a buried legacy to stop a madman from completing his diabolical schemes.

Platinum Studios' Chairman and CEO Scott Mitchell Rosenberg and IM Global's Stuart Ford and Gavin Reardon are set to executive produce the series along with Rigberg Entertainment Group's Glenn Rigberg. Platinum Studios' vice president of Film and TV Rich Marincic will co-produce and former Universal Pictures' senior executive, Randy Greenberg, of The Greenberg Group, who negotiated the deal, would co-executive produce.

"We are very happy to be working with Stuart and IM Global -- Stuart is one of those rare entertainment executives who has a keen understanding of the business of entertainment and what makes for compelling entertainment," said Rosenberg. "Hero By Night is a wonderful young adult weekly adventure series."

"Hero By Night provides a wonderful opportunity to make action-adventure wish-fulfillment weekly television," said Ford. "Platinum Studios' depth of story and characters is unparalleled and presents a fantastic opportunity for IM Global and we are pleased to be working on this project with them."

About Platinum Studios, Inc. (http://www.platinumstudios.com)

Platinum Studios (OTCBB: PDOS - News) 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, tv, 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 Drunk Duck (www.DrunkDuck.com), the industry's preeminent webcomics community and Wowio (www.wowio.com), the world's leading e-book distributor. 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.

About IM Global (www.imglobalfilms.com)

IM Global is a major international sales and distribution company headed by CEO Stuart Ford. IM Global's current slate of theatrical films includes SHELTER starring Julianne Moore and Jonathan Rhys Meyers; A SINGLE MAN starring Colin Firth, Julianne Moore, and Matthew Goode; BUNRAKU, starring Josh Hartnett, Demi Moore, Woody Harrelson and Ron Perlman; RELIGULOUS, from Larry Charles, the director of Borat; and Oren Peli's acclaimed supernatural chiller PARANORMAL ACTIVITY; In 2007, IM Global created IM Global Home Entertainment, headed by former Showtime executive Catherine Quantschnigg, and and IM Global Television headed by industry veteran Gavin Reardon.

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.