Alexis signed with Digital Playground in August 2009 and starred in a wealth of features for the company including recent blockbuster "Body Heat" and "Fly Girls."
"My experience with Digital Playground has been invaluable to my personal growth and development and has taught me so much about the industry," Alexis said.
"But with growth comes change and as much as change may inspire trepidation, I have come to realize that it is also what ignites passions and leads to great achievement."
Alexis indicated that it was the best course of action for both parties at the time and noted that she still plans to shoot with Digital Playground as well as others in the future.
"While there are definite advantages to being an exclusive starlet, many things have changed in the past year since I signed with Digital that make it more beneficial to both myself and the company that we alter our relationship in a way that serves both our goals moving forward," she said.
"In this environment, both Digital Playground and I came to the conclusion that our mutual interests are best served in having the opportunity to shoot with one another on a case-by-case basis as opposed to within the confines of terms dictated within a contract created in a substantially different business climate."
Alexis said she is discussing multiple options and is currently booking roles in house while finalizing the details of her new agency affiliations.
She maintains several online properties under the Raven Alexis Productions banner. She's also the 2010 winner of the Fan's Choice for Best New Starlet at the NightMoves Awards and makes her feature dancing debut at Oasis on Oct. 21 in Philadelphia.