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Article Excerpt M2 PRESSWIRE-30 June 2008-Stockwire.com: OTCBB:PDOS) Platinum Studios, Inc. just released some important news.(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:30062008
OTCBB:PDOS) Platinum Studios, Inc. - Platinum Studios Announces It Is in Negotiations to Acquire WOWIO, LLC
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(OTCBB:PDOS) Platinum Studios, Inc.
Monday June 30, 6:00 am ET
LOS ANGELES-Platinum Studios, Inc. , 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, recently announced that it is in negotiations to acquire WOWIO, LLC, a leading online source for downloading digital books and comics. This acquisition would continue the expansion of Platinum Studios? global digital media distribution strategy.
Commenting on the attractiveness of WOWIO to Platinum Studios, Brian Altounian, Platinum?s President and COO, said, ?WOWIO?s commitment to its motto, ?free books + free minds,? has driven the WOWIO team to create a national digital publishing distribution network, both in the comics and traditional publishing world, that brings together creators, publishers and sponsors in a way that allows authors and publishers to be paid, while providing readers access to free books. We feel that WOWIO?s unique business model has positioned them to be at the forefront of change in the publishing world during this challenging time...
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