DQE Signs French Co Production Deal for 'Little Nick'

Global Budget of Approximately EUR7.7 Million

HYDERABAD, India, January 17, 2011 - DQE, the animation, gaming, live action entertainment
production and distribution company, today announces that it has entered into
a co-production agreement for the second series of the animation of Le Petit
Nicolas with M6 Studios (France), a well known TV broadcaster and producer.

The second season of Le Petit Nicolas (lovingly known as
"Little Nick") comprises 52 episodes of 13 minutes each at a global budget of
approximately EUR7.7 million . The series will be developed in high-end CGI
and production is scheduled to start in 2011. DQE has the exclusive right to
sell and distribute the TV and video rights pertaining to the series in Asian
territories in Hindi, English and all local languages. DQE will also
distribute the series (both seasons) in all English speaking countries
worldwide.

Little Nick was created by Rene Goscinny, also the creator of
Asterix and illustrated by Jean-Jacques Sempe. This iconic French cartoon was
first published in 1959, since when it has sold over 10 million copies in
more than 30 countries. The first series of Le Petit Nicolas which was co
produced by DQE is expected to premiere in the Indian subcontinent shortly
and has already aired in France and on ZDF, Germany with excellent viewer
numbers.

Tapaas Chakravarti, Chairman & CEO of DQE commented:

"I am confident that our collaboration with M6 Studio and its
TV Channel for the co-production of the second season of this iconic
property, 'Le Petit Nicolas' will again be hugely successful after the very
successful run of the first season worldwide. This deal reaffirms the quality
and dedication of DQE's work and the confidence that our partners have in us.
The first season, also co-produced by DQE has aired in France as well as
Germany and has received an excellent response from viewers. Soon audiences
in the sub continent will be able to view it on a leading childrens network
in this region."

Thomas Valentin, President of M6 Studios commented:

"M6 Studios is very proud of the relationship which has been
successfully developed on the production of Little Nick with DQE, and also
the other companies involved in the production, Method Animation and
Luxanimation."

About DQE

DQE is one of the leading producers of animation, visual
effects, game art and entertainment content for the Indian as well as global
media and entertainment industry with a workforce of over 3,500 permanent
employees and a global client-partner base of over 90 producers,
distributors, broadcasters and licensors including Walt Disney Television
Animation, Nickelodeon Animation Studios Inc., Electronic Arts, Marvel
Comics, American Greetings, NBC-Universal, BBC Group, M6/France TV/TF-1
Broadcasting groups from France, ZDF Germany and many more worldwide.

DQE has produced/co-produced and distributed iconic brands
such as Iron Man - the 3D animated TV series, Twisted Whiskers, Mikido,
Casper, Pinky & Perky,Large Family,Mickey Mouse Clubhouse and is now
producing properties like Little Prince and Little Nicolas. DQE has a library
of over 600 hours of international programs for distribution. DQE is also
developing and producing 'The Jungle Book' as a 52 episode animated series
and a 60 minute TV feature, Toomai-The Elephant Boy which is a live action TV
series as well as Indian IPs which are in production like Mysteries of
Feluda, and Omkar. DQE's production facilities are based in Hyderabad, Mumbai
and Kolkata and it has international sales representatives in Los Angeles,
Paris and London.

    Contact:

    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

    Company website: www.dqentertainment.com

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