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10/16/06 9:00 AM

#404 RE: MasterBlastr #403

LOL! ....Raven Moon's Restructuring Plan Makes It Appealing with Only 4% of the Total Outstanding Shares Being Free Trading and 96% Restricted
Go to www.ravenmoon.net and Check out GINA D'S KIDS CLUB(R), Gina D & The Transistor Sisters(R), The Movie and TED TV(R)
Oct 16, 2006 8:31:00 AM
Copyright Business Wire 2006
ORLANDO, Fla.--(BUSINESS WIRE)--

Raven Moon Entertainment, Inc. (OTCBB:RMNE) announced today that its recent restructuring plan has made the company more appealing with only 4% of the total outstanding shares being free trading and 96% restricted. The company recently rewarded its shareholders with a warrant dividend that when exercised protected them from any reverse splits for twelve months.

The company also announced that Trinity Broadcasting and the Smile of a Child Networks have signed Raven Moon's GINA D'S KIDS CLUB(R) to air seven days a week beginning October 7, 2006. The programs will air on Saturdays at 11 a.m. PST on Trinity Broadcasting Network and daily at 10:30 a.m. PST on Smile of a Child networks worldwide to over 100,000,000 new viewers.

The company has begun an aggressive marketing and syndication campaign for its new "TED TV" all music all-the-time program for kids 6 to 11 years old. The Orlando Business Journal recently published a feature story in its October 6, 2006 issue called "Raven Moon Ramps Up Work For Second Television Program" highlighting the new show.

The company also announced that its movie partner Gina D and the Transistor Sisters, the Movie, LLLP has hired three well known characters actors to do the voices of "Flash," "Frankie the Flea" and "Mr. Big Bucks" in Gina D's new animated feature film called "Gina D & The Transistor Sisters - In Search of the Golden Record(TM)."

"We have a lot going on - all of it focused on growing the business," said Joey DiFrancesco, Chairman and CEO of Raven Moon. "We think that our company is a more attractive investment today because of the progress we've made with our Gina D brand and because of the actions we've taken to reduce the number of outstanding free trading shares."

Shareholders or brokers who need information on the company and its current 10-for-1 warrant program may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email at: carol.merry@fahlgren.com

Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.

Source: Raven Moon Entertainment, Inc.



----------------------------------------------
For Raven Moon Entertainment
Inc.
Orlando
Fahlgren Mortine Investor Relations
Carol Merry
614-825-1750
carol.merry@fahlgren.com