Platinum Studios (PDOS)

[PDOS4Life]

Reducing debt is great news... excerpt from Quarterly Report:

In December, 2008, the Company, through its subsidiary, Long Distance Films, Inc., entered into a promissory note with Standard Charted Bank to fund the production of "Dead of Night" in the original amount of $13,365,000. The amount due on this note as of September 30, 2011 was $4,916,665. As of October 14, 2011, the balance has been reduced to $4,621,655 through the receipts of funds other licensees.