POW! Entertainment and Celebrities In Action Join Forces to Produce Animation Projects for Direct-To-DVD

POW! Entertainment and Celebrities In Action Join Forces to Produce Animation Projects for Direct-To-DVD LOS ANGELES, Dec. 14 /PRNewswire-FirstCall/ -- Stan Lee and his company, POW! Entertainment, Inc. (Pink Sheets: POWN) will join forces with Celebrities In Action, Inc. ("CIA") in a joint venture to co-produce and co-develop an animated series. The parties have agreed to negotiate a multi-faceted development, production, and distribution joint venture to produce animated programming and merchandise based on the premise of well-known celebrities in competition against characters from other worlds. (Logo: http://www.newscom.com/cgi-bin/prnh/20041006/LAW030LOGO) The project is to include animated direct-to-DVD's, feature films, video games, apparel and publishing, as well as other consumer products. Stan Lee says, "After having invented countless fictional characters over the years, what a kick it is to be tackling a project as original and unique as creating new personas and storylines for actual, world famous celebrities. And what a challenge! Imagine making superheroes of people who are already superheroes! This I'm gonna enjoy!" Gill Champion says, "As sports, music, movies, TV, DVD's etc. converge, what better way to animate these celebrities than through the eyes and imagination of Stan Lee. We look at this opportunity as a long term business utilizing both traditional methods and additional opportunities provided by new media." POW! (Purveyors of Wonder) Entertainment, Inc. is founded by legendary comic book icon Stan Lee, together with Gill Champion and Arthur Lieberman. Stan Lee, creator and inventor of the modern superhero will head the artistic and creative aspects of the animated project. A prolific author, Lee revolutionized the comic book industry by creating compelling characters who, despite extraordinary powers and talents, are none the less plagued by the same doubts and difficulties experienced by ordinary people. Some of his most enduring characters, like Spider-Man (R), The Hulk (R), and X-Men (R) have been spun off into television programs and feature films that have grossed hundreds of millions of dollars at the box office. He is also credited with co-creating Dare Devil, Silver Surfer and hundreds of other characters. Stan Lee is a global icon whose body of work is enjoyed by every generation on the continent, with his name on over 2 Billion books and comic books. Stan Medley and Chris Nassif of CIA will head business development and talent management along with Lara Bloom who will handle celebrity relations. POW and CIA are scheduled to commence production in early spring 2005. Chris Nassif, CEO of Diverse Talent Group (the 12th largest talent agency in Los Angeles) and consultant to CIA stated, "We look forward to working with the legendary Stan Lee and our celebrities on this project. Actually this is more than just a project. It is the creation of a virtual universe. As we are planning right now, Stan will be creating approximately 25 characters (based on our celebrity clientele) for our beginning story, with each character having the additional possibility of a spin-off and stories of its own. The proposed joint venture plans on developing animations, music, live action movies, video and other games, toys, clotheslines, and other merchandising for the central story and any of our spin-offs. I know many of the personalities we have talked to are totally excited about the prospect of working with Stan Lee. It is amazing, even the biggest celebrities consider it an honor and privilege to have such an icon as Stan Lee create a character based on their persona. I guess it is comparable to having your portrait done by Rembrandt or Monet." POW! Entertainment Inc, (Pink Sheets: POWN) currently has over 30 projects "in development". The term "in development" can include all the activities required between the inception of the idea, which includes writing and production for a project through to its ultimate distribution; examples are Hef's SuperBunnies, Stripperella, Who Wants to Be a Superhero?, and Superhero Christmas. Celebrities In Action, Inc., is a vertically integrated entertainment company that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on animated celebrities. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041006/LAW030LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: POW! Entertainment CONTACT: Gill Champion of POW! Entertainment, Inc., +1-310-275-9933, gchampion@powentertainment.com ------- Profile: International Entertainment