DQE and Nickelodeon India Announce Their First Local Animation Production

HYDERABAD, India, August 5, 2010 - DQE, a leading animation, gaming, live action entertainment production
and distribution company, today announces that the Group has signed a co
finance and production agreement with Nick India, India's fastest growing
kids channel and a part of Viacom 18 Media Pvt Ltd, to produce a local
animated series for children.

The series will begin with 26 high definition half hour episodes. As a
part of this deal, Nickelodeon has provided content for this upcoming series,
while DQE is executing the production for global distribution and licensing.
DQ Entertainment will co-finance this high-end television series along with
Nickelodeon, Viacom18.

The series titled "Keymon Ache" is based on the everyday life of an
ordinary 9-year old boy and his set of magical toy friends. Targeted at kids
aged 5+ and to families alike, the series promises to be full of fun with
endearing characters to relate to. The series is expected to be completed by
middle of 2011.

Post the success of 'Little Krishna' last year which was an acquired
property, Nick India is extremely excited about the launch of its first local
animation production.

Nick India will have rights to the property in the region of south Asia
including India; while DQE will hold exclusive rights for the rest of the
world. The series has the potential to go beyond television onto multiple
platforms such as audio visual, home video, merchandising, sub-licensing,
publishing and digital including streaming, download on internet and mobile
amongst others.

Said Tapaas Chakravarti, Chairman and CEO of DQ Entertainment,
"The kids' entertainment space in India has tremendous untapped potential and
we are delighted to be partnering with Viacom18-Nickelodeon on this unique
and fun-filled series. This project has the potential to extend beyond Indian
TV audiences as we target multiple media and distribution platforms and
engage with children globally. We hope to have many more such interesting
concepts from Nickelodeon to offer to viewers in the future."

Nina Elavia Jaipuria, Senior Vice President & General Manager, Nick
India, commented: "We are very happy to partner with DQE. They have produced
many shows for Nickelodeon International, like 'Tak & the Power of Juju' and
'Penguins of Madagascar' in the past. This is a unique partnership between a
broadcaster and a production house; and together we hope to create endearing
characters and a show that promises to capture the hearts of our young
viewers."

About DQE:

DQE is one of the leading producers of animation, visual
effects, game art and live action entertainment content for the global media
and entertainment industry. DQE has produced/co-produced and distributed
iconic brands such as Iron Man - the first 3D animated TV series, Twisted
Whiskers, Mikido, Casper, Pinky & Perky, second season of Large Family, third
season of Mickey Mouse Club House, First and Second Season of Madagascar TV
Series and Fanboy & Chum-chum for Nickelodeon, USA and is now co-producing
properties like The Little Prince and Little Nick with major international
broadcasters and producers. DQE has a library of over 400 hours of
international programs for distribution and licensing globally for TV, home
entertainment, merchandising and publishing.

DQE's home grown production in Hi-end 3D, 'The Jungle Book'
is in production as a 52 episode animated series and a 60 minute TV feature
in co-production with international majors including TF1 and Moonscoop ,
France, ZDF Group, Germany and is to be released world-wide in 2010.
Toomai-The Elephant Boy which is a live action TV series is in development in
co-operation with international broadcasters, while several Indian IPs like
Mysteries & Feluda, Omkar, Balkand I, II and III with International
Broadcasters have had a successful run.

DQE is also developing a series of animated short films for
television in collaboration with French production companies Method Animation
and MK2. DQE, Method Animation and MK2 announced the production and worldwide
distribution and exploitation of an animated version of 104 six-minute
episodes inspired by the legendary film icon Charlie Chaplin's Hollywood
films.

DQE has received several international awards including an
EMMY for Tutenstein TV series, 11 Emmy nominations, The UK Broadcast Awards
2010, Sichuan TV Festival International "Gold Panda" Awards, Cartoons on the
Bay awards, The E & Y Entrepreneur of the Year - 2009 India Award and many
others.

DQE's production facilities are based in Hyderabad and Kolkata
and it has international sales representatives in Los Angeles, Paris and
Tokyo. With a workforce of approx 3,500 permanent employees DQE has a global
client - partner base of over 90 producers, distributors, broadcasters and
licensors including Walt Disney Group, Universal Pictures, Nickelodeon
Animation Studios Inc., Electronic Arts, Marvel Comics, American Greetings, ,
BBC Group, M6/ France TV Group / TF-1 - leading broadcasting and Distribution
groups from France, ZDF TV and ZDF Enterprises - leading Distributors/
broadcaster and global distributor from Germany, ABC Australia, Al Jazeera -
Arabic nations, Disney Channels - Asia, Cartoon Network Group and many more
world-wide.

Company Web Site: www.dqentertainment.com

    Contact
    DQ Entertainment International
    Tel: +91-40-2355-3726/27 or
    Sumedha Saraogi
    sumedha@dqentertainment.com

Contact: DQ Entertainment International, Tel: +91-40-2355-3726/27 or Sumedha Saraogi, sumedha at dqentertainment.com