Rainmaker Entertainment Announces Financial Results for the 2nd Quarter of 2014

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 28, 2014) - Rainmaker Entertainment Inc. (TSX VENTURE:RNK) today announced its results for the three and six months ended June 30, 2014. Rainmaker reported a loss of $587,813 ($0.03 per share) for the second quarter of 2014 compared with a loss of $582,939 ($0.03 per share) for the second quarter of 2013. For the six months ended June 30, 2014 Rainmaker reported a loss of $1.23 million ($0.07 per share) compared with a loss of $1.28 million ($0.07 per share) for the six months ended June 30, 2013.

		three months ended						six months ended
$thousands, except per share amounts		30-Jun-14			30-Jun-13			30-Jun-14			30-Jun-13
Revenue			2,256			1,970			4,083			4,213
Loss from operations			(588	)		(692	)		(1,385	)		(1,386	)
Deferred income tax recovery			0			109			110			109
Net Loss and total comprehensive loss			(588	)		(583	)		(1,275	)		(1,277	)
Loss per share
	- basic and diluted	$	(0.03	)	$	(0.03	)	$	(0.07	)	$	(0.07	)

The Company's revenue improved in the second quarter of 2014 due to the commencement of Rainmaker's latest service production, Bob the Builder. Comparatively, in the six months ended June 30, 2013, Rainmaker posted higher revenues, which included contributions from Escape from Planet Earth, the Company's first feature film, which was released theatrically in Q1 2013.