ORLANDO, FL--(Marketwired - May 14, 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, strenuously disavows any association with an alleged email campaign that highlighted shares of Red Giant, as reported in a press release by a private investor.
Red Giant has not participated, financed, or benefited from any bulk email campaign and was not aware of its activity or implementation. Red Giant strictly adheres to all rules of communication and has to date never paid or participated in any bulk email communication.
"We have been informed that Red Giant was the subject of a previous email campaign without our knowledge or consent," stated Red Giant Entertainment CEO, Benny Powell. "Since we had no knowledge of the reported campaign, we have no knowledge of the validity of the materials used or if the mailings were spam or not. We can assert definitively that Red Giant nor its principals paid for such an endeavor, nor were we consulted as to the message contents. Our filings will show no payments to any of the alleged promoters. Moreover, to date, Red Giant, nor any of its affiliates has sold a share of its stock or paid for any stock promotion whatsoever."
"We call on the individual investor bringing forth this claim to immediately remove Red Giant Entertainment from his claim and to publicly apologize for our inclusion in his multi-ticker tagged press release," said Powell. "Had he contacted us prior to his reckless accusation he would have discovered our complete lack of involvement in the matter."
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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
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions) should be considered to be forward-looking statements. Further, the safe harbor provisions of said Act may not apply to an issuer that issues penny stock. 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 informational 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.