LOS ANGELES, CA - May 8, 2008 - Ashok Amritraj's Hyde Park Entertainment Group, an entertainment company which produces, finances and distributes motion pictures around the world, and Platinum Studios Inc. (OCTBB: PDOS), an entertainment company that controls an international library of more than 5,600 comic book characters which it adapts, produces and licenses for all forms of media, have entered into an agreement for the co-production of the motion picture "Dead of Night" based on the best-selling Italian comic book series, 'Dylan Dog' created by Tiziano Sclavi. Published since 1986 by Sergio Bonelli Editore, the comic series has sold more than 56 million units worldwide and has been translated into 17 languages. The companies' goal is for Dylan Dog to become a franchise with multiple pictures.

Brandon Routh, ('Superman Returns'), is set to star as 'Dylan' - a private investigator who is drawn into the world of the undead.

Kevin Munroe, whose 2007 re-imagining of 'Teenage Mutant Ninja Turtles' resurrected the billion dollar franchise, will direct a script by Joshua Oppenheimer and Thomas Dean Donnelly ('Sahara' and 'Conan The Barbarian').

Hyde Park chairman and CEO, Amritraj will produce alongside Platinum Studios' chairman and CEO, Scott Mitchell Rosenberg, who brought the billon dollar "Men In Black" franchise to Sony. Platinum Studios' Rich Marincic will co-produce and Hyde Park's Patrick Aiello will executive produce. Former Universal Pictures senior executive Randy Greenberg of the Greenberg Group, who helped negotiate the deal with Platinum Studio's General Counsel Helene Pretsky, will executive produce. SAF Comics president, Ervin Rustemagic, will also executive produce.

Hyde Park is currently in production on "Street Fighter", based on the extremely popular video game that is being directed by Andrzej Bartkowiak under Hyde Park's first look co-production deal with 20th Century Fox. Hyde Park also recently released "Premonition" through Sony, "Death Sentence" through Fox and is in post production on Thomas Jane's directorial debut in 3D, "The Dark Country", which he also starred, for Sony's Stage 6. Hyde Park just wrapped the Jesse Metcalfe romantic comedy cross-cultural starrer, "The Other End of the Line", which will be released through MGM.

Other companies in the Hyde Park Entertainment Group include Hyde Park International, Hyde Park Animation, and Hyde Park Asia, each of which have their own projects in various stages of development and production.

Platinum Studios' film and TV division has various other properties in development at major film studios, including "Atlantis Rising" at DreamWorks with Kurtzman/Orci ("Transformers") set to produce, "Cowboys & Aliens" again at DreamWorks with Kurtzman/Orci patnering with Universal Pictures and Imagine Entertainment, and "Unique" at Walt Disney Pictures.

Al Ovadia & Associates has been hired by Platinum Studios and Hyde Park as worldwide agent for merchandising both the Picture and the comic book property. The company's President, Al Ovadia, is the former head of both 20th Century Fox and Sony Pictures Entertainment Consumer Products. Ovadia has managed a number of the entertainment industry's successful merchandising programs including Fox's global launch of The Simpsons, as well as, Columbia Pictures' Spider-Man and Spider-Man 2 feature films.

"I am thrilled to have a chance start a relationship with Hyde Park and to renew one with Scott Rosenberg that dates back to the hugely successful, Men in Black.", said Ovadia. "With only limited previous licensing over Dylan Dog's twenty plus year life, and a fan base in the millions, we are hopeful that classic Dylan Dog and the feature Dead of Night will be big hits, in Italy and around the world".

About Hyde Park Entertainment Group

Ashok Amritraj's Hyde Park Entertainment Group includes Hyde Park International, its foreign sales arm, Hyde Park Animation, an Indian-based animation house, and Hyde Park Asia, which produces, finances and distributes Asian feature films throughout the region. Hyde Park has produced, financed and/or distributed over 100 films around the world including Death Sentence, Dreamer: Inspired by a True Story, Shopgirl, Raising Helen and Bringing Down the House. Hyde Park is currently in production on "Street Fighter" under Hyde Park's first look co-production deal with 20th Century Fox and is in post production on Thomas Jane's directorial debut in 3D, "The Dark Country" for Sony's Stage 6 and just wrapped the Jesse Metcalfe romantic comedy cross-cultural starrer, "The Other End of the Line", which will be released through MGM.

About Platinum Studios, Inc.

Platinum Studios (OTCBB: PDOS) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile / wireless, gaming, and merchandising. Platinum Studios' library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as www.DrunkDuck.com, the industry's preeminent webcomics community. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms. Platinum Studios - Comics Fueling Media EVERYWHERE!