March 2010

A note from the Chairman & CEO...

Universal Pictures, who will be handling domestic theatrical distribution for Cowboys & Aliens, sent out an announcement with the film's release date of July 29, 2011!  How exciting is that??  All that said, this is Hollywood and we still don't have an official "green light," which must be had by the partnering studios before our science fiction action adventure becomes a reality. We're all crossing our fingers for a Summer start of shooting for Cowboys & Aliens. In the meantime, our crack development team here at Platinum is working on all our announced projects and development partnerships, and continuously working to find new story takes on our characters.

- Scott

• "Cowboys & Aliens" Signs James Bond Star
  Daniel Craig will play the gunslinger in upcoming Jon Favreau picture
• "Dead of Night" leaks Photo, Leads Poll
  Fans vote film to top of AMC poll; rewarded with taste of what's in store
• Drunk Duck Partners with EZPrints
  Platinum's webcomics portal to provide users own merchandising opportunities
• Platinum secures $5M financing commitment
  Dutchess Equity will finance company with equity line of credit

"Cowboys & Aliens" Signs James Bond Star

Daniel Craig will play the lead role in Platinum Studios' upcoming film "Cowboys & Aliens." Craig's addition to the cast comes just days after Robert Downey Jr., who had previously been attached, opted out of the project. Craig joins forces with some of Hollywood's biggest power players involved in the film, including director Jon Favreau ("Iron Man"), writers Alex Kurtzman & Roberto Orci ("Star Trek" and "Transformers"), and producers Brian Grazer, Steven Spielberg and Platinum Studios Chairman & CEO Scott Rosenberg.

Craig's previous work includes the most recent James Bond films "Casino Royale" and "Quantum of Solace," action comedy "Layer Cake," war epics "Defiance" and "Munich," and the American period picture "Road to Perdition," in which he starred alongside Paul Newman and Tom Hanks.

"Daniel Craig circles 'Cowboys'" Daily Variety

"Dead of Night" Leaks Photo, Leads Poll

Platinum Studios is proud to have locked picture on its vampire-werewolf-zombie mystery "Dead of Night." This step takes the producers into the final stages of the production process, as they oversee visual effects, sound mixing, and scoring of the final film.

The milestone came just days after "Dead of Night" placed first in an AMC online poll for most anticipated comic book movie of 2010. With 53% of the vote, "Dead of Night" placed above highly publicized films "Iron Man 2" and "Kick-Ass."

The poll results came with a surprise treat for fans of the original comic, the beloved Italian detective fumetto "Dylan Dog." The movie's official blog released a photo taken from the set for "Dead of Night," the details of which wowed fans, who noted Dylan's signature clarinet, Scotland Yard mug, and perpetually unfinished model ship. Fans can expect more exclusive photos as the film nears completion.

"Dead of Night" locks picture The Official Dead of Night Production Blog

"Iron Man" and "Scott Pilgrim" Lead the Comic Book Movie Charge in 2010 AMCtv.com

Drunk Duck Partners with EZPrints

Platinum Studios' webcomics portal DrunkDuck.com has partnered with ezprints, a provider of personalized product and related technology solutions, to create a revolutionary merchandise creation and fulfillment program.

This new program will allow users of DrunkDuck.com to choose art from the site, design their own products, and order merchandise from a storefront integrated directly into the popular webcomics portal. Comic creators on the site will be able to earn money from merchandising their creations on the same website that they are currently publishing their work.  Artists and creators who opt in will be earning money from every sale related to their work.

According to PMA Marketing Research, custom products and services, like those offered through this new program on DrunkDuck.com, represent the fastest growing category in the $89.6 billion photo imaging industry.

Platinum Studios Partners With ezprints Yahoo! Finance

Drunk Duck website www.drunkduck.com

ezprints website www.ezprints.com

Platinum secures $5M financing commitment

Platinum Studios has entered into an Investment Agreement for a $5,000,000 equity line of credit with Dutchess Opportunity Fund II, LP.

During the 36-month term of the Agreement, the Company has the option to sell shares of its common stock to Dutchess issued under the equity line, at per share prices to be determined based on market prices in accordance with an agreed-upon formula. Platinum Studios will control the timing and amount of any sales of shares sold to Dutchess.

“We are excited to work with Platinum Studios, one of the few remaining independent multi-universe comic book character libraries. The announcement last summer of Disney’s $4 billion acquisition of Marvel Entertainment was the latest step in the consolidation of these collections into major studios.  With the emergence of comic book-based entertainment as the cornerstone of major entertainment franchises around the world, we are excited to participate in the Company’s growth,” stated Jessica Geran, Director of Corporate Finance at Dutchess.

A more detailed description of the Dutchess agreement is included in the Company's recently filed Form S-1.

Platinum Studios Secures $5 Million Financing Commitment Yahoo! Finance

Stay tuned for more from exciting news from Platinum Studios!

Contact Platinum Studios:

Public Relations
Randy Greenberg
(310)807-8100

Licensing
Dan Forcey
(310)807-8100

Business Development
Brian Altounian
(310)807-8100

Investor Relations
Thomas Becker
(702)478-7363

Platinum Studios Safe Harbor Statement

Matters discussed in this newsletter 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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