SOURCE: Red Giant Entertainment

Red Giant Entertainment

June 27, 2013 12:32 ET

Red Giant Entertainment Signs Deal With Elemental Studio

Game Development Agreement for LAST BLOOD

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.

Forward-Looking Statements

This press release may contain "forward-looking statements." Any statements that are not statements of historical fact, including but not limited to statements containing the words "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions, should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, to include acquisition, production, marketing, distribution, competition with related patent, trademark and license issues involving contractual obligations and concessions. The Company does not assume any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. The Company files annual, quarterly and current reports, proxy and information statements and other information with the Securities and Exchange Commission. This press release should be read in conjunction with all of the reports that the Company has previously filed with the Securities and Exchange Commission for financial and other information about it. The references to the websites http://redgiantentertainment.com and www.facebook.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Contact Information

  • Company Contact:
    Red Giant Entertainment Inc.
    877-904-7334

    Investor Relations Contact:
    Kurt Divich
    Integrity Media Inc.
    Email Contact
    www.IntegrityIR.com
    (702) 396-1000