POW! Entertainment, Inc. Reports Financial Results for Fiscal Year 2011
March 23 2012 - 2:56PM
Business Wire
POW! Entertainment, Inc. (OTCQB: POWN) (“Company”) reported in
its Form 10-K filed today net income/loss and earnings per share
for the year ended December 31, 2011.
For the year ended December 31, 2011, net income applicable to
common shareholders was $24,628 or $0.00 per diluted share compared
to net loss of $1,112,378 or ($0.01) per diluted share for the year
ended December 31, 2010. Revenue increased by $699,032 or 33.4% for
the year ended December 31, 2011 compared to the year ended
December 31, 2010.
Please refer to the Company’s Form 10-K filed today with the
Securities Exchange Commission for complete details. The Form 10-K
is available on the Company’s website at www.powentertainment.com
and available at the SEC's Internet site at http://www.sec.gov.
About POW! Entertainment
POW! Entertainment, Inc. (OTCQB: POWN), a multi-media and
entertainment company, was founded by noted comic book and
entertainment figure Stan Lee, together with award-winning producer
Gill Champion and intellectual property specialist Arthur
Lieberman. POW!’s principals have extensive backgrounds in the
entertainment industry encompassing the creation, production and
licensing of original intellectual properties, including some of
the most successful entertainment franchises of all time. POW! is
capitalizing on this combined expertise, specializing in creating
and developing both the legacy and digital media components of the
entertainment industry. This includes animation and live-action
feature films, plus television, DVDs, multi-media, merchandising
and related ancillary markets, all of which contribute to global
expansion. POW! partners with other individuals and entities of
entertainment’s upper echelon, including studios and networks in
the creation, licensing and distribution of new POW! character
franchises.