RegalWorks Media Inc (RWMI)

[Madkins]

SANTA MONICA, Calif., Feb. 6, 2014 /PRNewswire/ -- RegalWorks Media, Inc.  (OTCBB: RWMI) ("RegalWorks" or "the Company") today announced the execution of a binding Letter of Intent ("LOI") to acquire Working Element, a transmedia production company.  RegalWorks expects the transaction to close by March 2014. Terms of the deal were not disclosed.Led by President Darren Thomas, Working Element has assembled a strong and recognizable Intellectual Property portfolio through partnership agreements with global media companies, including MGM, Random House, and CBS. Among Working Element's incredible 44-title portfolio is Brian Jacques' fantasy novel series "Redwall," which has sold over 30 million copies worldwide, as well as digital and interactive rights to such high-profile brands as "Star Trek" and "Stargate" and others to be announced at a later date.



In 2013 Working Element wrapped development on the first two episodes of "Stargate SG-1: Unleashed."  Based on MGM's long running television series "Stargate SG-1," the episodic adventure game for mobile devices reunites original cast members Richard Dean Anderson, Michael Shanks, Amanda Tapping, and Christopher Judge.  Marketing campaigns for the episodes will begin following the closing of the transaction with RegalWorks.  "Working Element brings revenue generating media assets that increase shareholder value," explained Dane West, the RegalWorks Chairman