LOS ANGELES, July 2, 2008 - Platinum Studios, Inc. (OTCBB: PDOS), 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, today announced the Top 50 contestants, as well as the first wave of prizes, for this year's The Comic Book Challenge™ (www.comicbookchallenge.com), Platinum Studios' international contest for aspiring comic book writers and artists. Prizes from Fandango, Genius Products, Inc. (OTCBB:GNPI), Planetwide Media's MashOn.com, Corel and Wacom will be awarded to the Top 50 entrants selected in this year's contest. The complete list of the Top 50 can be found on The Comic Book Challenge website.

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LOS ANGELES--(BUSINESS WIRE)--Platinum Studios, Inc. (OTCBB:PDOS), 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, today 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.

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Robert Downey Jr. is in negotiations to star in DreamWorks/Universal's "Cowboys & Aliens," a pulpy mix of the sci-fi and Western genres that could serve as a potential 2010 tentpole.

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LOS ANGELES - (Business Wire) Platinum Studios, Inc. (OTCBB:PDOS), 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 and Vanguard Animation, the film production entity created by the producer of the Shrek franchise, announced the creation of a new comic book imprint called Vanguard Comics. Vanguard Animation is 30% owned by Starz Media, LLC, which in turn is a wholly owned subsidiary of Liberty Media Corporation that is attributed to Liberty Capital Corp (NASDAQ:LCAPA)(NASDAQ:LCAPB).

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Internet investment analyst Roland Perry has begun covering Platinum Studios in his popular online newsletter, "Hollywood Stock Review Online." Here's an excerpt from the latest newsletter, featuring the news on our recently-announced deal with Valhalla Motion Pictures:

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LOS ANGELES, June 3, 2008 - Gale Anne Hurd's Valhalla Motion Pictures, producer of Marvel Studios' (NYSE: MVL) Summer release The Incredible Hulk and Platinum Studios, Inc. (OTCBB: PDOS), 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, today announced a deal to co-develop and produce a feature film based on the soon-to-be-published action thriller comic book Final Orbit. The graphic novel is slated for release by Platinum Studios Comics in early 2009.

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DJ Coffman has announced he is putting HERO BY NIGHT on hiatus for now.

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Platinum Studios, Inc. announced today exciting changes to its annual contest, The Comic Book Challenge, which will transform it into a fully digital competition. In previous years, the Top 50 entrants had to make their way to San Diego, CA during one of the busiest and most expensive times of the year in order to pitch their concept live to a panel of judges. Now, from the convenience of their own home, each Top 50 entrant will be able to create a four-minute video pitch which he/she will submit online for judging. The panel of celebrity judges will then review the video pitch and original entry of each Top 50 entrant and choose the Top 10 entrants based on these submissions. The Top 50 entrants will be given one full month to create their own, unique video pitch.

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