LOS ANGELES, July 2, 2008 - Platinum Studios, Inc. (OTCBB: 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, today announced the Top 50 contestants, as well as the first wave of prizes, for this year's The Comic Book Challenge™ (www.comicbookchallenge.com), Platinum Studios' international contest for aspiring comic book writers and artists. Prizes from Fandango, Genius Products, Inc. (OTCBB:GNPI), Planetwide Media's MashOn.com, Corel and Wacom will be awarded to the Top 50 entrants selected in this year's contest. The complete list of the Top 50 can be found on The Comic Book Challenge website.

The Top 50 entrants, who include people from as far away as India, Singapore and Argentina, will now submit video pitches which will be judged by a celebrity panel of industry and Hollywood insiders at a secret location in early August. Platinum Studios will sign the winner to a publishing deal, which will include print, online and mobile. In addition, the company will seek opportunities both to develop the property for film and television as well to create a licensing and merchandising program.

"Moving the contest completely online this year opened it up to many more people, truly making this a worldwide event in which anyone can participate," said Scott Mitchell Rosenberg, Chairman and CEO of Platinum Studios. "And the wide geographic diversity of the Top 50 is a testament to that."

"It's well-known that comic fans are among the most passionate moviegoers - so Fandango is excited to be a part of The Comic Book Challenge™," says Fandango Vice President of Marketing Ted Hong. "Fans have told us that the summer's most anticipated films have comic book origins - IRON MAN, THE INCREDIBLE HULK, HELLBOY 2, WANTED and THE DARK KNIGHT. We hope that we are contributing to discovering the next great comic book talent."

"We're very excited and proud, once again, to be sponsors of Platinum Studios' The Comic Book Challenge™ 2008" said Philippe Benoliel, CEO of MashON.com. "The Comic Book Challenge™ brings together the best and brightest comic artists and gives them an opportunity to become the next generation's comic book stars. With our MashON Comic Book Creator, we hope to attract more talent to the vibrant world of comic books by making the creation process accessible to people of all ages and backgrounds and helping them to share their creation."

"Wacom is excited to be a sponsor of this year's The Comic Book Challenge™," said Don Varga, Senior Product Manager for Wacom. "Our Intuos pen tablets and Cintiq interactive pen displays are the tools of choice for many of today's top comic artists and animators, allowing them to creatively sketch, ink and color in a digital format."

The winning entry from last year's The Comic Book Challenge™, Gunplay by Jorge Vega, was released by Platinum Studios Comics as a graphic novel in April 2008 to critical review and fanfare.

Please visit www.comicbookchallenge.com for full details on the Top 50 entrants, the prize packages and all of the updates on The Comic Book Challenge™2008.