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Platinum Studios Secures an Additional $10 Million Financing Commitment

Platinum Studios Secures an Additional $10 Million Financing Commitment From Dutchess Opportunity Fund II, LP; Platinum Studios to Increase Comic Character Development for Film, TV and Downloads and Initiate Its First Coordinated Investor and Public Relat (November 16, 2011)

LOS ANGELES, CA -- (Marketwire) -- 11/16/11 -- Platinum Studios, Inc. (OTCBB: PDOS), an entertainment company that controls an international library of more than 5,000 comic book characters which it adapts, produces and licenses for all forms of media, announced today that it has entered into an Investment Agreement for a $10,000,000 equity line facility ("ELF") with Dutchess Opportunity Fund II, LP.

"The Company had great success accessing funds from the first ELF we completed with Dutchess and we wanted to extend that facility in order to continue to draw funds from the ELF as it has proven to be an efficient and flexible structure for the company," said Scott Mitchell Rosenberg, Platinum Studios CEO.

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 ELF, 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.

Douglas Leighton, Managing Director of Dutchess, stated, "We believe in management's efforts to grow the company and the extension of the ELF provides that option for management to choose the right times to access capital. Regardless of the ever-tightening capital markets, Dutchess continues to finance the growth of promising companies such as Platinum Studios."


Awareness for Platinum Studios' properties has increased significantly due in part to the film "Cowboys & Aliens," based on the New York Times Best Selling graphic novel, which Rosenberg produced alongside Steven Spielberg, Brian Grazer, Ron Howard, Alex Kurtzman, and Roberto Orci.

Projects currently being developed include "Unique" at Disney (with "Harry Potter" producer David Heyman); "Vice" (with producer Andrew Lazar and Top Cow Productions (Wanted)); "Blood Nation" (with producer Alexandra Milchan); and, "Nightfall" (with William Stuart, executive producer of "The Rock").

Platinum is also developing "MetaDocs" for television (with Syfy, FremantleMedia and Landscape Entertainment) and also working on "Gray Legion" with Robert W. Cort (producer of "Three Men and a Baby," "Runaway Bride," "Mr. Holland's Opus").

A more detailed description of the Dutchess agreement is set forth in the Company's Form S-1 just filed with the SEC, which should be reviewed carefully in conjunction with this news release.

About Platinum Studios
Platinum Studios, Inc. (OTCBB: PDOS) is a leader in fantastic media and entertainment. Platinum controls a vast international library of comic book storylines and characters adapting them for print, film, digital online and mobile, and physical fan merchandise. Platinum Studios -- Comic Fueling Media EVERYWHERE! For more information, visit www.platinumstudios.com.

Platinum Studios -- Comics Fueling Media EVERYWHERE!
Platinum Studios web site: http://www.platinumstudios.com
Become a Fan of Facebook at: http://www.facebook.com/PlatinumStudios
Platinum Studios Safe Harbor Statement: http://www.platinumstudios.com/about/legal/safe-harbor

About Dutchess Capital
Dutchess Capital was founded in 2000. Since then, Dutchess has been a market leader and innovator in providing ELFs and other unique financing structures for publicly-traded companies.

Dutchess has transacted over $2 billion in ELF commitments globally. Dutchess has over 10 years of experience assisting companies throughout the process, as well as the financial wherewithal to fund the company throughout the entire commitment.

Dutchess sources worldwide investment opportunities, with offices in Boston, New York, London, Seoul and Beijing.

For more information, visit:
Dutchess Capital
www.dutchesscapital.com
+1-617-301-4701


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