SOURCE: Platinum Studios

September 03, 2009 13:22 ET

Hollywood Buzzes About "Iron Man" Director Potentially Helming Platinum Studios' "Cowboys & Aliens"

News Breaks That Jon Favreau May Take on Adaptation of Graphic Novel

LOS ANGELES, CA--(Marketwire - September 3, 2009) - Platinum Studios, Inc. (OTCBB: PDOS) has received extensive industry media coverage since The Hollywood Reporter and Daily Variety reported the possibility that "Iron Man" director Jon Favreau would direct the DreamWorks Studios and Universal Studios feature film adaptation of Platinum's graphic novel "Cowboys & Aliens." Imagine Entertainment principals Brian Grazer and Ron Howard are producing with DreamWorks' Steven Spielberg and Platinum topper Scott Mitchell Rosenberg. Alex Kurtzman and Roberto Orci, writers of "Star Trek" and "Transformers," are producing, as well as writing the adaptation of the graphic novel with Damon Lindelof of "Lost." Kurtzman & Orci are also spearheading Platinum Studios' other high-concept comic adaptation, "Atlantis Rising," for DreamWorks.

Disney's announcement this week of their $4 Billion acquisition of Marvel, along with Warner Bros.' ownership of DC Comics, leaves Platinum Studios as one of the largest rights holders of exploitable comic book characters in the world which stands independent of any studio affiliation.

Universal, Sony, Disney and DreamWorks Studios are among the companies involved with Platinum Studios' comic-based projects. The producers of blockbuster films including "Terminator," "Harry Potter," "Shrek," "Aliens," "Wanted," "300" and "The Rock" are among the other industry players actively pursuing projects drawn from Platinum Studios' library of thousands of untapped characters.

Platinum recently completed production on its own independently financed, self-produced feature film, "Dead of Night," starring Brandon Routh and Taye Diggs, with an anticipated 2010 theatrical release.

About Platinum Studios, Inc.

Platinum Studios (OTCBB: PDOS) 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, 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 www.DrunkDuck.com, the industry's preeminent webcomics community and Wowio, the world's leading distributor of free, copyrighted e-books, at www.wowio.com. 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. To learn more about the company and to sign up for our newsletter, please visit our website at www.platinumstudios.com.

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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.

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