WOWIO Acquires DrunkDuck from Platinum Studios

by Jeff

WOWIO_logo_from_site WOWIO Acquires DrunkDuck from Platinum StudiosMedia Release — WOWIO, Inc., an established market leader with an online destination (www.wowio.com) that provides access to rich digital media content and eBooks, today announced the acquisition of leading webcomics community DrunkDuck from Platinum Studios. Following last week’s acquisition of social networking site WEvolt, the acquisition of DrunkDuck will expand WOWIO’s existing library of content available for viewing, as well as broaden the site’s user base through its 95,000 community members.

“We have been exploring ways to enhance our consumer experience with additional and relevant content,” said Brian Altounian, CEO and President of WOWIO. “This acquisition provides advertisers with additional avenues to brand an even broader range of content and publishers with a new and growing digital distribution platform.”

DrunkDuck maintains one of the leading webcomics communities, where creators are able to post comics and interact with their fans daily on forums to discuss the latest news, releases, content and even collaborate on ideas. WOWIO purchased DrunkDuck from Platinum Studios (OTCBB:PDOS), an entertainment company that controls a large international library of comic book characters. Platinum continues to focus on film and television projects such as the just-completed, self-financed DYLAN DOG: DEAD OF NIGHT film and the upcoming COWBOYS & ALIENS feature film project with DreamWorks, Imagine Entertainment and Universal, set to begin production this month. The graphic novel of COWBOYS & ALIENS is currently available for free download on WOWIO.

“DrunkDuck’s primary goal has always been to provide the community with the content and tools they need to create the stories they want to tell,” said Scott Rosenberg, Platinum Studios’ Chairman and CEO. “WOWIO shared our original vision and will now provide a platform to continue to grow the community and strengthen the DrunkDuck brand. We couldn’t have asked for a better opportunity and are thrilled that DrunkDuck is now going to be an official part of the WOWIO family.”

“The DrunkDuck site, community and existing library of content will remain unchanged,” added Altounian. “Fans, publishers and advertisers will be pleased to know that it will be business as usual for DrunkDuck as well as WOWIO, and with our recent integration plans with WEvolt, we are unifying known entities and melding them into one superior comic and eBook destination.”

About WOWIO

WOWIO is an online destination that provides users with the opportunity to share and consume digital media content, such as eComics and eBooks, while providing revenue generating opportunities for creators and publishers through advertising and merchandising programs. WOWIO, Inc. is an Alliance Acquisitions, Inc. portfolio company headquartered in Los Angeles, California.

About DrunkDuck

DrunkDuck is a website that provides free hosting services for webcomic creators. Founded in 2002 by Dylan Squires, it has evolved into one of the largest online webcomic communities with over 24,000 comic strips and stories. In addition to free hosting, DrunkDuck also provides free message boards and forums, tutorials, games, and a variety of customization tools for its members, as well as a user rating system that allows for feedback and ranking of its webcomics.

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 Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC.

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