REDG Recent News Red Giant Entertainment Inc.

Highlights include:

 --  Gross Profits. Gross Profit increased from $9,708 during the six 
 
    months ended February 29, 2012 to $84,620 during the six months 
 
    February 28, 2013. The increase of $74,912, or 772% was largely due to 
 
    higher revenues and the continued development of the market for our 
 
    products. 
 
 
 
 
 
--  Income. Our net income for the six months ended February 28, 2013 was 
 
    a net profit of $30,399 compared to a net profit of $4,364 during the 
 
    six months ended February 29, 2012 (an increase of $26,035 or 597%). 
 
    The increase in net income is primarily attributable to the increase 
 
    of sales of our products. 
 
 
 
 
 
--  Revenues. During the three months ended February 28, 2013 revenues 
 
    were $59,591, an increase of $51,437 or 631% from $8,154 for the three 
 
    months ended February 29, 2012. The increase in revenues was a result 
 
    of improvement in the overall market for our products, the continuing 
 
    development of our products and penetration into our market. 
 
 
 
 
 
--  Gross Profits. Gross Profit increased from $3,669 during the three 
 
    months ended February 29, 2012 to $26,157 during the three months 
 
    February 28, 2013. The increase of $22,488, or 613% was largely due to 
 
    higher revenues and the continued development of the market for our 
 
    products. 
 
 
 
 
 
 
 
 

"It is also important to note that for our business, the second quarter is historically the lowest earning quarter from a revenue perspective," adds Powell. "Moreover, while for filing purposes it appears as if we had a net operating loss during this most recent quarter of $7,774, this was due to the arrival of a bill for auditing services for $24,000 just prior to quarter's end. This has since been paid during this current quarter. In reality, when this liability is removed, we realized a net profit of $16,226, which is 1284% increase over the same quarter last year's net profit of $1,264"

Milestones and Notable Events include:

 --  Red Giant Entertainment Inc. Secures $5,000,000 Equity Line for 
 
    Expansion 
 
--  Red Giant's 'SUPERNOVAS' Explodes Onto comiXology 
 
--  Red Giant Makes Active Multi-Million Dollar Printing Deal 
 
--  Red Giant Unveils to Advertisers Plans for Massive Fifty-Two Million 
 
    Circulation Comic Book Line 
 
--  Top Comics Industry Talent Agent Joins Red Giant Entertainment 
 
--  Webcomics Pioneer Chris Crosby Joins Red Giant Entertainment's Board 
 
    of Directors 
 
 
 
 

ABOUT RED GIANT ENTERTAINMENT INC.

Red Giant Entertainment Inc. (OTCQB: REDG) is a Nevada corporation that specializes in Intellectual Property (IP) development for multiple media platforms and transmedia propagation. The cornerstone of this development is based around the more than three dozen online and print graphic novel properties in various stages of production as well as the cast of thousands of characters from those series. These properties have a readership that numbers in the millions globally. Some of these properties are actively in development into other media such as movies, video games, television, novels, toys, apparel, applications, etc. through either direct production or licensing agreements.

For further information visit www.RedGiantEntertainment.com

Forward Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward", "estimates" and similar expressions) should be considered to be forward-looking statements. Further, the safe harbor provisions of said Act may not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, to include acquisition, production, marketing, distribution, competition with related patent, trademark and license issues involving contractual obligations and concessions. The Company does not assume any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. The Company files annual, quarterly and current reports, proxy and informational statements and other information with the Securities and Exchange Commission. This press release should be read in conjunction with all of the reports that the Company has previously filed with the Securities and Exchange Commission for financial and other information about it.

 Investor Relations Contact: 
 
 
 
Kurt Divich 
 
Integrity Media Inc. 
 
 www.IntegrityIR.com   
 
(702) 396-1000  
 
 
 
 
 
 

 CONTACT:           http://www.integrityir.com/   
 
 
 
 

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 SUBJECT CODE:     Media and Entertainment:Art 
 
                  Media and Entertainment:Books and Publishing 
 
                  Media and Entertainment:Information Services 
 
                  Media and Entertainment:Video games 
 
                  Media and Entertainment:Music and Radio 
 
                  Media and Entertainment:Television 
 
                  Media and Entertainment:Movies