Platinum Studios Acquires "Undercover Clown" for Comics and Films

LOS ANGELES, CA--(Marketwire - Mar 9, 2012) - Platinum Studios, Inc. (OTCBB: PDOS) announced that the company has acquired "Undercover Clown" and is launching an exploitation strategy to develop the property into a feature film or a television series with major producers and studios.

"Undercover Clown" is the story of a strait-laced Detective who investigates a suspect who delights in murdering clowns. The Detective, who's never had use for a sense of humor, must enroll in Clown College in order to infiltrate the world of clowns and discover clues that help him solve the case. In the process of becoming a clown himself, the Detective learns that looking at the funny side of life has its advantages. The original comic book was written by Devin Hylton.

"We are looking forward to developing 'Undercover Clown' because it has universal appeal and a strong message," says Scott Rosenberg, CEO and Chairman of Platinum Studios. "People immediately get the entertaining argument of this sour detective who needs to become a clown in order to solve a serious murder case. He learns that humor can help him through life's toughest moments, and that's a message I believe we should all get behind."

"Undercover Clown" is part of Platinum Studios' international library of thousands of comic book characters which it adapts, produces, and licenses for all forms of media including print, film, online, mobile/wireless, gaming and merchandising. Platinum Studios stands today as one of the largest rights holders of exploitable comic book characters in the world, still independent of Hollywood studio ownership. Projects currently being developed include "Unique" at Disney (with "Harry Potter" producer David Heyman); "Vice" (with producer Andrew Lazar and Top Cow Productions (Wanted)); "Blood Nation" (with producer Alexandra Milchan); and, "Nightfall" (with William Stuart, executive producer of "The Rock").

Platinum is also developing "MetaDocs" for television with Landscape Entertainment and also working on "Gray Legion" with Robert W. Cort (producer of "Three Men and a Baby," "Runaway Bride," "Mr. Holland's Opus").

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