SOURCE: Red Giant Entertainment Inc.

Red Giant Entertainment Inc.

March 04, 2013 16:14 ET

Red Giant Entertainment Acquires ComicGenesis.com

Top User-Generated Comics Website Adds Red Giant's Advertising Platform

ORLANDO, FL--(Marketwire - Mar 4, 2013) - Red Giant Entertainment Inc. (OTCQB: REDG) announced today its acquisition of all outstanding shares of ComicGenesis, LLC, a Nevada company, through a share exchange agreement with owner Chris Crosby. Crosby, who recently joined as a member of the Board of Directors of Red Giant Entertainment, will continue running ComicGenesis. Crosby also co-founded and serves as CEO of Keenspot, which has been a strategic partner of Red Giant since 2010 and distributes Red Giant's comic book properties digitally.

Launched in 2000, ComicGenesis.com is a top user-generated comics website described by some as "YouTube for comics." The site allows users to upload and display their own comics online, with display customization abilities that are unavailable through virtually all competitors. In 2012, the site generated nearly 75 million ad views and boasts over 13,500 unique comic series in its collective.

"This acquisition gives our advertisers an even greater access to a wide audience of readers through a vast array of budding artists," stated Red Giant Entertainment CEO, Benny Powell. "We are committed to supporting the members of ComicGenesis and continue to provide them a platform for their creative expression. We believe that by providing the talented creators with a cost-free canvas, we can help foster tomorrow's great ideas, today."

The site began as a spin-off from wildly popular webcomics portal Keenspot.com. The all-inclusive ComicGenesis.com has quickly expanded to include over 10,000 different comic properties by amateur creators -- many of whom went on to become some of the biggest stars in online comics.

"I'm definitely excited about all the possibilities now that ComicGenesis will be part of Red Giant Entertainment," said Crosby. "Expect news in the coming weeks and months on the unexpected and creatively exciting new ways Red Giant will be leveraging the well-known ComicGenesis brand and its base of enthusiastic comic creators and fans. The future of ComicGenesis looks bright."

ABOUT RED GIANT ENTERTAINMENT INC.

Red Giant Entertainment Inc. (REDG) is a Nevada corporation that specializes in Intellectual Property (IP) development for multiple media platforms and transmedia propagation. The cornerstone of this development is based around the more than three dozen online and print graphic novel properties in various stages of production as well as the cast of thousands of characters from those series. These properties have a readership that numbers in the millions globally. Some of these properties are actively in development into other media such as movies, video games, television, novels, toys, apparel, applications, etc. through either direct production or licensing agreements.

For further information visit RedGiantEntertainment.com

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