RVEN Reven Housing REIT Inc

Raven Moon Entertainment, Inc. (OTCBB: RVEN) (OTCBB: RVENE) announced today that it has filed its annual 10-KSB with the SEC and its temporary trading symbol RVENE will return to RVEN on Tuesday April 22, 2008. Here are the significant transactions and highlights of the filing: Net loss reduction by 43% from the prior year Initial year of branding and marketing revenue amounting to $1,020,850 Production costs decreased by 41% as projects were completed Debt reduced by $3 million for past production costs Overall debt level reduced by 44% Subsequent events reported announcing an additional debt reduction of $2 million and treasury stock acquisitions of 9 billion shares during 2008 �This is a truly exciting time that we�ve struggled to get to - Now that the production activities for all projects have been completed, and a new 20% gross revenue license is in place, the company�s licensee�s will focus on worldwide distribution and sales for the Gina D�s Kids Club� brand of DVDs, CD�s and other products WITH NO COST TO RAVEN MOON ENTERTAINMENT, INC. It is anticipated that except for SEC required audit and related filing fees, there will be no salaries or other expenses for Raven Moon Entertainment in 2008. With a smaller number of outstanding common shares in the float, anticipated revenues and no expenses, the company�s share price could turn around and bring value to the public shareholders this year,� stated Joey DiFrancesco, CEO of Raven Moon Entertainment, Inc. To hear a FREE excerpt of the new �YOUNG AMERICA� single or to buy a download of it or other GINA D� songs for only $0.99 go to www.YoungAmericaMusicUSA.com. For information about Raven Moon Entertainment, Inc. and Gina D�s Kids Club go to www.ravenmoon.net and www.ginadskidsclub.com. Safe Harbor Statement This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company�s products, increased levels of competition, product and technological changes, the company�s dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company�s federal filings, annual reports, offering memorandum, or prospectus. Specifications are subject to change without notice. Raven Moon Entertainment assumes no obligation to update any forward-looking statements.