Gale Anne Hurd’s Valhalla Motion Pictures, Platinum Studios and Top Cow Productions Have Attached Jenna Dewan & Luke Goss to “Magdalena”

LOS ANGELES--(BUSINESS WIRE)--Gale Anne Hurd’s Valhalla Motion Pictures, producer of Marvel Studios’ summer hit 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, and Top Cow Productions, an entertainment company specializing in building intellectual properties through comic book and graphic novel publication like Universal’s summer box office hit “Wanted,” have attached Jenna Dewan and Luke Goss to star in the feature film “Magdalena” based on Top Cow’s comic book character “Magdalena,” which is currently in development.

Jenna Dewan is set to play Patience, a young woman who discovers that she is a part of the lineage of female warriors descended from Mary Magdalene. Patience must accept her destiny in time to save the world from a supernatural evil. Dewan’s other film credits include her breakout role in “Step Up,” “Take the Lead,” “The Grudge 2” and “Love Lies Bleeding.”

Luke Goss is set to play Kristof, an agent sent by the ultra secret organization that has been the guardian of the lineage of Magdalena. Goss co-stars in the blockbuster film “Hellboy II: The Golden Army” from director Guillermo Del Torro and the upcoming science fiction thriller “Tekken” based on the popular video and arcade game. Goss was part of the multi-platinum-selling British band BROS. and wrote a bestselling autobiography on his experiences with the group.

Gale Anne Hurd and Platinum Studios’ Chairman and CEO Scott Mitchell Rosenberg are set to produce. Gary Ventimiglia, President of Production at Valhalla Motion Pictures, who was instrumental in bringing Dewan and Goss to the project, is set to executive produce. Top Cow’s CEO Marc Silvestri (“Witchblade,” “Darkness”) would serve as executive producer as would former Universal Pictures senior executive Randy Greenberg of The Greenberg Group, who helped negotiate the deal. Matt Hawkins, President of Top Cow Productions, is set to co-produce.

Gale Anne Hurd and Valhalla Motion Pictures most recently produced the blockbuster feature The Incredible Hulk for Marvel Studios. Valhalla is continually developing a broad range of projects, including Marvel’s Punisher: War Zone for Lionsgate and Sony Pictures Entertainment which stars Ray Stevenson and is scheduled for release on December 5, 2008. Hurd has produced more than two dozen feature films that have generated billions of dollars of revenue. Her other credits include The Terminator, Aliens, Armageddon, Aeon Flux, The Punisher, Terminator 2: Judgment Day and Terminator 3: Rise of The Machines among others.

Platinum Studios’ film and TV division has various other properties in development at major film studios, including “Atlantis Rising” at DreamWorks with Kurtzman/Orci (“Transformers”) set to produce, “Cowboys and Aliens” also at DreamWorks with Kurtzman/Orci partnering with Universal Pictures and Imagine Entertainment, and “Unique” at Walt Disney Pictures.

Valhalla and Platinum Studios are currently co-developing 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 2009.

Top Cow has turned Wanted, an award-winning series created by Mark Millar and JG Jones and published by Top Cow from 2003-2005, into a major motion picture that was released on June 27, 2008 by Universal Pictures. The film stars Angelina Jolie, James McAvoy, and Morgan Freeman and was directed by Timur Bekmambetov.

About Platinum Studios, Inc.

Platinum Studios (OTCBB: PDOS) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile/wireless, gaming, and merchandising. Platinum Studios’ library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as www.DrunkDuck.com, a webcomics community. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms. Platinum Studios - Comics Fueling Media EVERYWHERE!

To learn more about the company and to sign up for our newsletter, please visit our website at http://www.platinumstudios.com/news/index.php

Platinum Studios Safe Harbor Statement

Matters discussed in this press release 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.