Platinum Studios, WOWIO In Acquisition Talks

Tue. July 01, 2008; Posted: 07:59 AM

(financialwire.net via COMTEX) -- RUK | Quote | Chart | News | PowerRating -- June 30, 2008 (FinancialWire) Platinum Studios Inc. (OTCBB: PDOS | Quote | Chart | News | PowerRating) (Current Market Cap. US$32.92 Mil.) 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.

Final deal terms between the parties have not been reached but the companies hope a transaction can be concluded early in the third quarter this year. Other companies trading in Platinum Studios' industry include Reed Elsevier PLC (NYSE: RUK), Meredith Corp. (NYSE: MDP), and Dolan Media Co. (NYSE: DM).

Platinum Studios is an entertainment company that controls an international library of comic book characters. WOWIO opened in August 2006 and serves as a source where readers can legally download copyrighted ebooks from leading publishers for free.

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

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For full details on Dolan Media Company (DM) click here. Dolan Media Company (DM) has Short Term PowerRatings of 2. Details on Dolan Media Company (DM) Short Term PowerRatings is available at This Link.

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