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Red Giant Entertainment, Inc. (REDG) Files Unaudited Q2, Six-Month Results

|Includes: Red Giant Entertainment Inc. (REDG)

Red Giant Entertainment, a company specializing in Intellectual Property (NYSE:IP) development for multiple media platforms and transmedia propagation, has filed its unaudited results for the second quarter of 2013 and highlighted various performances for the three and six month-periods ended February 28, 2013.

Net income for the six months ended February 28, 2013, was $30,399, an increase of 597 percent compared to earnings of $4,364 reported in the comparable six months of 2012.

Gross Profit for the six-month period increased to $84,620 from $9,708 reported in the comparable period of 2012.

Second-quarter revenues increased 631 percent to $59, 591 compared to revenues of $8,154 reported for the second quarter of 2012.

Gross Profit for the quarter increased 613 percent to $26,157 compared to $3,669 reported in the comparable quarter of the year prior.

"We are very pleased with Red Giant's continued path of profitability," Red Giant Entertainment CEO Benny Powell stated in the press release. "It is a testament to our conservative approach to expenditure and a strong and diversified catalog of Intellectual Property that continues to produce revenue today and tomorrow. With a growth enabling financing now in place we hope to increase our profitability and to deliver value to our shareholders."

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