News 
Market Data 
Discover
Replies to post #69733 on Red Giant Entertainment, Inc. (fka REDG)
It is anticipated that printing services for our print form titles will be done by Active Media Publishing LLC ("Active Media"), an entity controlled by Benny R. Powell, our Chief Executive Officer, President, Chief Financial Officer, and Secretary, and a member of the Board.
PRINCIPLES OF CONSOLIDATION
The Company operates under the name of Red Giant Entertainment, Inc. and its wholly owned subsidiaries Active Media, LLC and ComicGenesis, LLC. The companies have been incorporated for the intentions of developing brand names. The wholly owned companies are inactive. Any activities of these subsidiaries or holdings have been included in the consolidated financial statements, with elimination of any intercompany accounts and transactions.
The Company purchases print materials through a wholly owned entity, Active Media Publishing, Inc, ("AMPI") of Mr. Powell. AMPI has certain arrangements with overseas printing companies, whereby the printing is facilitated to the Company. Agreement with AMPI states processing is at near cost prices on a non-exclusive basis. During the year ended August 31, 2013, the Company purchased print media in the amount of $165,540.
PRINTING AGREEMENT WITH ACTIVE MEDIA
On March 13, 2013, we entered into a Printing Agreement with Active Media, an entity controlled by our Chief Executive Officer, President, Chief Financial Officer, Secretary, and a member of the Board, Benny R. Powell. This Printing Agreement reduces to writing the oral understanding between us and Active Media under which Active Media agreed to provide printing services to us at near cost prices on a non-exclusive basis. We paid an aggregate of $115,665.28 to Active Media in the fiscal year ended August 31, 2013.
AI
