Peak Entertainment Licenses North American Rights to 'The Wumblers' to 4Kids Entertainment

Peak Entertainment Licenses North American Rights to 'The Wumblers' to 4Kids Entertainment

NEW YORK, March 28 /PRNewswire-FirstCall/ -- Peak Entertainment Holdings, Inc., (BULLETIN BOARD: PKEH) , a fully integrated multimedia company dedicated to quality children's television entertainment, character licensing and consumer products, announced today that it has signed an agreement, licensing to 4Kids Entertainment, Inc. (NYSE:KDE) the North American television broadcast, home video and merchandising rights to the new concept, The Wumblers.

The Wumblers is an animated television series produced by Peak Entertainment featuring a sweet natured, whimsical collection of characters living in a world similar to our own. The stories are based on three basic concepts -- mutual respect, fairness and acceptance -- and are built around the natural development and common experiences of young children. (For details and pictures, see http://www.peakentertainment.co.uk/wumblers.htm .)

"We are delighted to be working with 4Kids Entertainment. The Company's market expertise and successful track record in children's entertainment provides an exciting opportunity," Phil Ogden, Managing Director of Peak Entertainment, commented.

About Peak Entertainment

Peak Entertainment Holdings Inc. (BULLETIN BOARD: PKEH) is a fully integrated multimedia company dedicated to quality children's television entertainment, character licensing and consumer products. The Company's unique, fully integrated business model, which includes concept creation and branding, production of entertainment programs, character licensing, and manufacturing and distribution of toys and related consumer products, gives it maximum quality control and speed-to-market while developing total brand equity. Peak's properties include Monster Quest, The Wumblers, Little Big Feet, Tattoo, Countin' Sheep, Muffin the Mule and Snailsbury's Tails. For more information please visit the Company's website at http://www.peakentertainment.net/

About 4Kids Entertainment

Headquartered in New York City with international offices in London, 4Kids Entertainment, Inc. (NYSE:KDE) is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; product development; television, film, music and home video production and distribution; media buying and planning; and Web site development. For further information, please visit the Company's Web site at http://www.4kidsentertainment.com/.

Contacts: Phil Ogden Managing Director Peak Entertainment Holdings Inc. + 44 1629 814555 p.ogden@peakentertainment.co.uk

Safe Harbor Statement

The foregoing, as well as other statements made by Peak, may contain forward-looking statements regarding Peak. The words and phrases "expect", "estimate", "anticipate", "believe" and similar expressions identify forward- looking statements. Such statements reflect, when made, the Company's current views, beliefs and expectations with respect to current events and financial performance, and are and will be, as the case may be, subject to significant risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of its financing arrangements; the Company's ability to obtain additional financing; the ability of the Company to obtain trade credit, and shipments and terms with vendors and service providers for current orders; the Company's ability to maintain contracts that are critical to its operations; potential adverse developments with respect to the Company's liquidity or results of operations; the ability to fund and execute its business plan; the ability to attract, retain and compensate key executives and associates; and the ability of the Company to attract and retain customers, as well as those discussed or identified from time to time in the Company's public filings with the Securities and Exchange Commission. Peak assumes no obligation to update or revise any forward-looking statements set forth in this news release, which speaks as of the date specified.

Source: Peak Entertainment Holdings, Inc.

CONTACT: Phil Ogden, Managing Director of Peak Entertainment Holdings Inc., +44-1629-814555, p.ogden@peakentertainment.co.uk

Web site: http://www.peakentertainment.co.uk/ http://www.peakentertainment.net/ http://www.peakentertainment.co.uk/wumblers.htm http://www.4kidsentertainment.com/

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