SOURCE: Red Giant Entertainment Inc

Red Giant Entertainment Inc

April 18, 2013 07:30 ET

Red Giant Entertainment Inc. Secures $5,000,000 Equity Line for Expansion

Financing to Fund Advertising-Supported, Giant-Size Comics Line

ORLANDO, FL--(Marketwired - Apr 18, 2013) - Red Giant Entertainment Inc. (OTCQB: REDG), an innovative Intellectual Property company specializing in high quality characters and content for use in a variety of media and entertainment, is pleased to announce that it has secured an equity line of credit up to $5,000,000 to be used for funding their 'Giant-Size' initiative, announced March 11, 2013. Iconic Holdings LLC will provide the financial resources for this agreement.

"This equity line of credit allows our already profitable company to further expand on its successes," stated Red Giant Entertainment CEO Benny Powell. "We intend to use these funds to finance the development and creative for our 'Giant-Size' line of comics. The reality is that while advertising will wholly finance the lucrative revenue model for our freely-distributed books, we will need to cover the initial creative artwork and printing costs."

There will be four main books in the Giant-Size Line. Each book will appeal to a diverse demographic group by hosting a different genre of stories. Each book will feature two titles for each, a lead 20-page story and a 10-page backup.

Giant-Size Action will feature mainstream science-fiction, fantasy, action, and adventure stories. The lead story will be Wayward Sons, which is a spin-off of their flagship Wayward Sons: Legends title, following the exploits of the modern day sons and daughters of the beings once worshipped as gods of legend. The backup story will be Tesla, and follow the exploits of Nikola Tesla as he employs his wide array of gadgets and ingenuity to battle the nefarious schemes of his arch nemesis, Thomas Edison.

Giant-Size Fatales will feature works told from a woman's perspective, but in a way that everyone can enjoy. The lead title will be Duel Identity, which follows the world's preeminent super-heroine with a twist -- in reality, she's the world's top spy and assassin. The backup feature will be Pandora's Blog, which follows a young blogger as she investigates the strange happenings in her town.

Giant-Size Thrills will feature works of suspense, horror, thrillers and nail-biters of all sorts. First up will be the quirky Lizzie, which follows the infamous Lizzie Borden and a young H.P. Lovecraft as they battle the demons that only they can see invading our world. This is followed by The Shadow Children, a macabre tale of three children embroiled in the supernatural forces that invade their lives.

Giant-Size Fantasy will play host to all-ages fare suitable and enjoyable for the whole family. This will kick off with Magika, an on-going series based on the Red Giant animated feature, Journey to Magika. Additionally, Sherwood will back this up, as we delve into the world of Robin Hood, who is actually just an actor hired by the real hero -- Maid Marian.

Giant-Size Quarterly book will rotate a wide range of books that will touch on each of these targets in a unique manner.

"We are committed to our long-term strategy and growth," added Powell. "This financing will give us the ability to make these books and our million-weekly circulation, a reality. The sky isn't a limit, it's a starting point."

ABOUT RED GIANT ENTERTAINMENT INC.
Red Giant Entertainment Inc. (OTCQB: 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 www.RedGiantEntertainment.com

Forward Looking Statements

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Contact Information

  • Company Contact:
    Red Giant Entertainment Inc.
    877-904-7334
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    Investor Relations Contact:
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    Integrity Media Inc.
    www.IntegrityIR.com
    (702) 396-1000