DQE Announces Co-production Deals for Peter Pan in Cannes

HYDERABAD, India, October 4, 2010 - DQ Entertainment, a global animation, gaming and live action
entertainment production and distribution company, is pleased to announce the
signing of a new co-production agreement for its iconic property "The New
Adventures of Peter Pan", in a 3D stereoscopic animated CGI format. The TV
series will consist of 26 x 30 minute episodes.

DQE is producing "The New Adventures of Peter Pan" as a 3D stereoscopic
production with Method Animation (France), and has concluded a deal with ZDF
Group (Germany) ("ZDF") to co-produce the series. ZDF will be full
co-producers on the project, with the right to appoint executive producers
with full editorial rights and distribution rights across German speaking
countries for Europe (excluding Italy and Turkey) UK, Ireland, South Africa
and Latin America.

France Televisions have broadcasting rights for France and French
speaking territories and have confirmed being on board this series in
association with Method Animation (France). France Television's 1st
commissioner of animation in Europe is working on adaptation of international
IP's for more than 20 years and has produced some of the most exciting
international franchises (Garfield, Gaston Lagafffe, Tintin, Lucky Luke,
Marsupilami).

"The New Adventures of Peter Pan" is being produced at a global budget of
approximately EUR10 million in high-end 3D stereoscopic CGI, and is
anticipated to be broadcast by the beginning of 2012.

Other major partners who have recently confirmed their participation on
this production are De Agostini (Italy) and ATV (Turkey) as co-producers of
the series. While De Agostini, the leading Italian film, television and media
conglomerate, will hold exclusive Pay TV, video on demand and licensing and
merchandising distribution rights for Italy and Italian speaking countries,
broadcaster ATV will hold broadcast rights for Turkey.

Tapaas Chakravarti, Chairman & CEO of DQE Group, commented:

"The production of Peter Pan is in line with our strategic business plan
to work globally with knowledgeable and powerful business partners to produce
high quality branded IP to attract audiences and generate multiple revenue
streams for licensing, publishing and merchandising. We are confident that
Peter, Wendy and the mischievous and endearing Tinker Bell will capture
hearts around the world."

Alexander Coridass, President and CEO of ZDF Enterprises, said:

"We at ZDF Enterprises are proud to be part of an enthusiastic team of
experienced co-production partners who all have the same goal: creating
programs that touch the hearts, minds and souls of worldwide audiences. "The
New Adventures of Peter Pan" is yet another example of an historic model that
is filled with new life using modern, breathtaking production technologies
and innovative ideas from international partners working jointly together."

Said Julien Borde, Head of Children and Youth Programs, France
Televisions - "We are delighted to join Method Animation and DQ Entertainment
in the development of Peter Pan. France Televisions 1st commissioner of
animation in Europe is working on adaptation of international IP's for more
than 20 years and has produced some of the most exciting international
franchises (Garfield, Gaston Lagafffe, Tintin,Lucky Luke, Marsupilami…). It
is a great honor for us to be part of such a challenging and motivating
project. With the passion of Method and DQ artists, we are sure the first
animated series version of Peter Pan will be consistent with the original
universe and bring emotions and fun to a all new generation of kids."

Aton Soumache, Chairman & CEO of Method Animation, said: "We are truly
happy to join hands with DQE and major renowned partners on this world-famous
property. Our creative teams endeavored to bring magic and fantasy to this
modern version of Neverland. 3D-CGI stereoscopic animation will definitely
make our audience feel like they are flying alongside Peter Pan and his
friends. This high-quality program associated with cutting-edge technology
marks a milestone in our relationship with DQE."

Erdi Zencirli , Head of Programming Acquisitions ATV, said : "As one of
the major players in the Turkish media scene "Turkuvaz Media Group", national
prime channel "ATV" and rising star of Turkish kids media "Minika", we are
committed to and delighted to be a coproducer on "Peter Pan", one of the
precious jewels of children's classics…"

Massimo Bruno, Channel Manager DeAKids, said: "We are honoured to be part
of this important project that will bring back to the new generations a
publishing and animation masterpiece like Peter Pan in a new and actual style
with great animation and high technology thanks to all of the partner
involved in the project. For De Agostini, this is a important step in the
kids tv market to create a library owner and to exploit it in many
merchandising projects and ancillary rights."

Description:

The New Adventures of Peter Pan is a 3D stereoscopic TV series
for ages 6 to 10, featuring Peter Pan, his best friend Tinkerbell and new
generation Wendy, her brothers John and Michael and their dog Newfie in
Neverland and beyond. Neverland is defined by wild imaginations and big
adventures ruled by the boy who never grew up. This 26 X 22"
fantasy-action-adventure series set in the timeless and magical world of
Neverland and 21st century London will have Peter and his friends taking on
Peter's long time foe, Captain Hook, and his pirates and all other
unimaginable evils in a never ending battle to save Neverland in a fantasy
adventure 3D HD TV series.

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 3500 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

You Tube Channel: www.youtube.com/user/DQEnt

    Further Information:

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

    DQ Entertainment International           Tel: +91-40-2355-3726/27
    P R VISHNU
    vishnu@dqentertainment.com

Further Information: DQ Entertainment International: Sumedha Saraogi, sumedha at dqentertainment.com, Tel: +91-40-2355-3726/27; DQ Entertainment International: P R VISHNU, vishnu at dqentertainment.com, Tel: +91-40-2355-3726/27