ORLANDO, FL--(Marketwired - Jun 27, 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 signed a Letter of Intent with Elemental Studios to jointly develop games for mobile devices, smartphones, tablets and social networks, based on the highly-successful Red Giant property, LAST BLOOD.
"This partnership marks a historic moment for our company because it brings us a great challenge to fit our production skills to exceed Red Giant's expectations for their intellectual properties," said Victor Santoro, CEO, Elemental Studios. "In addition, the project puts us on track to join the ranks of global game studios, and serves as inspiration to many independent developers in Brazil."
LAST BLOOD is one of the many Red Giant properties being developed as a film. It is currently in casting with Director Simon Hunter at the helm and will be produced by Red Giant Entertainment's Aimee Schoof, Isen Robbins and Benny R. Powell, as well as exec producer Christian Arnold-Beutel and Keenspot's Chris and Bobby Crosby.
The Crosby siblings created the graphic novel with illustrator Owen Gieni, and Bobby Crosby wrote the screenplay with Nick V. Sterling. LAST BLOOD was published as an online graphic novel in 2006, drawing almost 20 million readers around the world. The story focuses on the last remaining humans of a zombie apocalypse who are being protected from annihilation by a group of vampires, who need them for their mutual survival.
"This agreement should help to remind the public that at its heart, Red Giant Entertainment is an intellectual property company developing characters and content for all possible monetization strategies," Benny Powell, CEO, Red Giant Entertainment Inc. "To take the most popular components of our portfolio and offer them in the annual $20 billion gaming industry is an important step in the expansion of our brand and pursuit of revenue."
Further information about Red Giant Entertainment is available on our website at http://redgiantentertainment.com and on www.facebook.com/RedGiantEntertainment.
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.
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