SOURCE: Raven Moon Entertainment, Inc.

October 03, 2005 08:31 ET

Raven Moon's Officers Do It Again and Exercise a Significant Number of the New 100 for 1 Warrants at $0.02

ORLANDO, FL -- (MARKET WIRE) -- October 3, 2005 -- Raven Moon Entertainment, Inc. (OTC BB: RVMN) announced today that the company's officers Joey DiFrancesco, Chairman and CEO, and Bernadette DiFrancesco, Vice President and Secretary, have exercised 5,000,000 warrants at $0.02 each. Recently the company announced that shareholders of record as of September 30, 2005, would receive one hundred warrants for each share of common stock owned as of that date. The 100 for 1 warrants may be exercised only during a two-month period between October 1, 2005, and November 30, 2005, at $0.02 per share.

"As founders and officers of the company, Bernadette and I have exercised these warrants because we believe in the company's potential success," said Joey DiFrancesco Chairman and CEO of Raven Moon. "'GINA D'S KIDS CLUB'® is a strong contender for leadership in preschool television programming, both in content and in presentation, and now we are moving forward with the 'GINA D & THE TRANSISTOR SISTERS'® movie with a $1,500,000 commitment from MG Studios. These projects and our business strategy will result in value for our shareholders."

INSTRUCTIONS:

Between October 1, 2005, and November 30, 2005, if your account is with a broker and you have not received a physical warrant, have the broker send a letter to Raven Moon Entertainment, 120 International Parkway, Suite 220, Heathrow FL 32746 no later than November 30, 2005, verifying the number of shares you owned in your account as of September 30, 2005. Indicate the number of warrants you would like to exercise at $0.02 each and enclose a check payable to Raven Moon Entertainment for the number of warrants you are exercising plus a $25 processing fee.

If you have received a physical warrant from the company, fill it out and indicate the number of warrants you wish to exercise at $0.02 each, sign it and send a check for the number of warrants plus a $25 processing charge to Raven Moon Entertainment. Upon receipt the company will authorize the transfer agent to issue the shares to you.

About Raven Moon Entertainment, Inc.

Using "Disney/Pixar-style" technology Raven Moon continues to fly under the big-budget radar with its first fully animated low-budget theatrical film called "Gina D & The Transistor Sisters."®

With a final budget of only $3,000,000, Raven Moon Entertainment, Inc. plans to be the general partner of Gina D & The Transistor Sisters The Movie, LLLP, a limited liability limited partnership.

Half of the $3,000,000 production budget, totaling $1,500,000, has already been committed by MG Studios, home of 'GINA D'S KIDS CLUB'® and the balance of $1,500,000 will be available to investors.

"Independent film companies have successfuly turned low-budget films costing only approximately one to three million dollars into blockbusters.

"The newest G-Rated independent film, "March of the Penguins," has already taken in a total of $70 Million in box office receipts to date," stated Joey DiFrancesco, Chairman and CEO.

For information on Raven Moon Entertainment and 'GINA D'S KIDS CLUB' ®, visit www.ravenmoon.net or www.ginadskidsclub.com.

Shareholders who need information on how to exercise their warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1752 or by email: 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.

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