Raven Moon Entertainment, Inc. (OTC Bulletin Board:
RVMO) announced that DTCC will be receiving the new 40% discounted
warrants that will be distributed to all of their broker participants
later this week so shareholders can begin exercising them beginning
May 25, 2006.
The record date for the warrants was May 19, 2006. Shareholders of record as of that date received one warrant for every one share held and were thus eligible to exercise 40 shares of common restricted stock for each warrant. Each share can be exercised at a 40% discount of the closing bid price on the day they write their check to the company. Common shares purchased as a result of exercising warrants will be restricted for one year and all transaction accepted by the company are final and irrevocable.
IMPORTANT INSTRUCTIONS TO SHAREHOLDERS AND BROKERS:
If your account is with a broker, have the broker send a letter verifying the number of shares you owned in your account as of May 19, 2006 to: Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750. Indicate the number of warrants you would like to exercise at a 40% discount of the closing bid on the day you write your check and make it payable to Raven Moon Entertainment, Inc. The broker verification letter and check must be received by Raven Moon between May 25, 2006 and July 25, 2006.
Brokers exercising on instructions from their clients should fill out the purchase page on the physical warrant received from DTCC, sign with a medallion guarantee and send it with instructions and the check for the number of warrants exercised at a 40% discount to that day's closing bid price to: Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750.
Shareholders or brokers who need further information on how to exercise these warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email: carol.merry@fahlgren.com.
"We will be distributing the warrants to the broker participants once we receive instructions from DTCC later this week so shareholders can begin exercising them through their brokers before they expire in July," stated Joey DiFrancesco Chairman and CEO of Raven Moon. "We are grateful that our shareholders have responded so positively to the warrant programs because it gives them an opportunity to increase their position in the company at a discount price while also helping the company to continue to execute its business plan."
See the new Flaw-Less Designs Ms. Bzz Swim & Go TM Swimsuits at www.ravenmoon.net . See Gina D's new movie trailer at www.ginadskidsclub.com.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third- party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
The record date for the warrants was May 19, 2006. Shareholders of record as of that date received one warrant for every one share held and were thus eligible to exercise 40 shares of common restricted stock for each warrant. Each share can be exercised at a 40% discount of the closing bid price on the day they write their check to the company. Common shares purchased as a result of exercising warrants will be restricted for one year and all transaction accepted by the company are final and irrevocable.
IMPORTANT INSTRUCTIONS TO SHAREHOLDERS AND BROKERS:
If your account is with a broker, have the broker send a letter verifying the number of shares you owned in your account as of May 19, 2006 to: Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750. Indicate the number of warrants you would like to exercise at a 40% discount of the closing bid on the day you write your check and make it payable to Raven Moon Entertainment, Inc. The broker verification letter and check must be received by Raven Moon between May 25, 2006 and July 25, 2006.
Brokers exercising on instructions from their clients should fill out the purchase page on the physical warrant received from DTCC, sign with a medallion guarantee and send it with instructions and the check for the number of warrants exercised at a 40% discount to that day's closing bid price to: Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750.
Shareholders or brokers who need further information on how to exercise these warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email: carol.merry@fahlgren.com.
"We will be distributing the warrants to the broker participants once we receive instructions from DTCC later this week so shareholders can begin exercising them through their brokers before they expire in July," stated Joey DiFrancesco Chairman and CEO of Raven Moon. "We are grateful that our shareholders have responded so positively to the warrant programs because it gives them an opportunity to increase their position in the company at a discount price while also helping the company to continue to execute its business plan."
See the new Flaw-Less Designs Ms. Bzz Swim & Go TM Swimsuits at www.ravenmoon.net . See Gina D's new movie trailer at www.ginadskidsclub.com.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third- party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.