Stan Lee's POW! Entertainment Joins Forces With Ricco Capital Holdings and Panda Media Partners to Form Magic Storm Entertainment

Stan Lee's POW! Entertainment Joins Forces With Ricco Capital Holdings and Panda Media Partners to Form Magic Storm Entertainment

New Film Financing Partnership To Create Films and Content for Global Markets

LOS ANGELES, June 28, 2011 /PRNewswire/ -- Ricco Capital Holdings, a Hong-Kong-based merger and acquisition boutique, and Panda Media Partners, a joint venture of Fidelis Entertainment and Stan Lee's POW! Entertainment (OTCQB: POWN), have joined forces to create Magic Storm Entertainment, a film financing partnership to develop and produce a new franchise of Stan Lee's superheroes for the global marketplace, including China.

Magic Storm Entertainment will develop film projects that leverage Stan Lee's global legacy, with new entertainment content that is positioned to appeal to Asian markets and broader global audiences. Details of the first film project will be released later this summer.

Magic Storm Entertainment will be based in Los Angeles. Fidelis Entertainment's Eric Mika has been appointed CEO. Eric will oversee all future entertainment business development opportunities for Ricco Capital. Magic Storm Entertainment is represented by James Thoma, Reed Smith, LLP.

Stan Lee, chief creative officer of POW! Entertainment and co-creator of Spider-Man(TM), Iron Man(TM), X-Men(TM), Hulk(TM) and hundreds of other superhero comic book characters, said, "I have been eagerly awaiting this great opportunity, a chance to combine the best of American superhero epics with the best of Chinese and Asian classical film-making for a motion picture that would be excitedly received worldwide."

Gill Champion, CEO of POW!, exclaimed, "We are delighted with this partnership that Fidelis has brought to POW! from China. Together we will seek to produce universally appealing films and franchises that provide a powerful platform for our brands to reach a growing consumer audience throughout China and Asia, as well as the rest of the world. Our first project will be announced in the very near future."

"Stan Lee is a global icon whose characters and brands have generated more than $6 billion US at the global box office and sparked vast international toy, video game and merchandise sales," said Wu Siu Chung, chairman of Ricco Capital Holdings. "Magic Storm Entertainment will leverage that appeal with Ricco Capital's development fund."

"We are delighted that Ricco Capital emerged as partners who fully understand the business value of Stan Lee's comic book characters and his larger brand, specific to China," said Eric Mika, chief executive officer of Fidelis Entertainment. "Stan Lee's work has always been ground-breaking, and his new characters and stories will be even more relevant to film audiences in China and beyond. Magic Storm Entertainment will not only enable these stories to reach Stan's global fan base, but also provide a market entry platform for global brands into China and Chinese brands to the West."

About Ricco Capital

Ricco Capital (Holdings) Limited, a merger and acquisition boutique with an equity investment portfolio, was established in 2007 to capture attractive business opportunities created by the amazing economic growth of China. Ricco's mandate is to create investment opportunities for its clients and/or its own portfolio from a spectrum of industries including energy, mining, real estate, financial services, education and entertainment. Ricco's strength lies in its ability to link private and state-owned Chinese enterprises with their peers around the world to create innovative acquisition or co-investment opportunities. Ricco's comprehensive understanding of international economies and its extensive business connections in China, Europe and North America place the Company in a strong position to source and execute business leads with a multi-culture tint. Directors of Ricco Capital include Wu Siu Chung, Chairman; Eduard Will, Vice Chairman; and Victor Chen, CEO. All three have solid backgrounds in banking, finance and/or private equity investment.

About POW! Entertainment www.powentertainment.com

POW! Entertainment, Inc. (OTCQB: POWN), a multi-media and entertainment company, was founded by noted comic book and entertainment figure Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman. POW!'s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW! is capitalizing on this combined expertise, specializing in creating and developing both the legacy and digital media components of the entertainment industry. This includes animation and live-action feature films, plus television, DVDs, multi-media, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment's top echelon, including studios and networks in the creation, licensing and distribution of new POW! character franchises.

About Fidelis Entertainment LLC www.fidelisglobal.com

Formed in 2010 to develop entertainment financing opportunities that focus on globally appealing entertainment products with strong base appeal to the Pan Asian marketplace and mainland China, the Fidelis mandate is to leverage the fastest growing entertainment audience in the world by providing brands with platforms to reach and engage those audiences. Fidelis Partners include: Eric Mika, CEO; former Publisher of the Hollywood Reporter and Vice President of Nielsen Entertainment Group; Gerry Byrne, Managing Partner, Black Ocean and Founder/Partner of Fidelis Global Enterprises; and, Beijing based entertainment Executive, Actress/Producer Shi Lan.

SOURCE POW! Entertainment

POW! Entertainment

CONTACT: Susie Arons, +1-212-843-8033, sarons@rubenstein.com, or Jayna Zelman, +1-212-843-8044, jzelman@rubenstein.com, both of Rubenstein Communications, for POW! Entertainment

Web Site: http://www.powentertainment.com

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