BREAKING NEWS: RAVEN MOON FILES ITS 10-QSB WITH THE SEC

Company Reports 90% Reduction in Net Loss from Q1 of 2007 to Q1 2008 as Completed Production Activities Lead to Focus on Entertainment Library Commercialization

ORLANDO, FL, May 28, 2008—(OTCBB: (RMOEE) Raven Moon Entertainment, Inc. announced today that it has filed its 10-QSB with the SEC. The significant transactions include:
· 2008 Quarter 1 net loss reduction of 90% from 2007 Quarter 1
· Production costs decreased by 81% as projects were completed
· Debt reduced by $3 million for past production costs
· Overall debt level reduced by 32%

“We reported when filing the 2007 10-KSB that this is a truly exciting time that we’ve struggled to get to - Now that the production activities for many projects have been completed, the Company can now focus on worldwide distribution and increased broadcast coverage as the market for the Gina D’s Kids Club episodes, DVDs, CD’s and other products continue to mature. We continue to believe that the market for commercialization of the entire Entertainment Library remains virtually untouched. We have reduced to a much smaller number of outstanding common shares in the float, and with anticipated revenues and controlled expenses, the company’s share price could turn around and bring value to the remaining public shareholders this year” stated Joey DiFrancesco CEO of Raven Moon Entertainment, Inc.

The company is currently planning a Special 24 Hour July Forth Birthday Download Gift Promotion with radio stations throughout the United States. If your radio station wants to participate contact Carlos Torres at (407) 774-4462.

To hear a FREE excerpt of the new “YOUNG AMERICA” single or to buy a download of it or other GINA D® songs for only $0.99 go to www.YoungAmericaMusicUSA.com
For information about Raven Moon Entertainment, Inc. and Gina D’s Kids Club go to www.ravenmoon.net and www.ginadskidsclub.com
Safe Harbor Statement
This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company’s products, increased levels of competition, product and technological changes, the company’s dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company’s federal filings, annual reports, offering memorandum, or prospectus. Specifications are subject to change without notice. Raven Moon Entertainment assumes no obligation to update any forward-looking statements.

Contact: Carlos Torres: (407) 774-4462