Toonz Starts its New Distribution Arm

Matt Cooperstein to Lead Distribution Arm to Facilitate World-wide Distribution of its Properties and Acquire Distribution Rights of Third-party Properties

TRIVANDRUM, India, March 2, 2010 - Indian animation major Toonz Animation India Pvt. Ltd has
opened its new distribution division based in Los Angeles under the
registered name of Toonz Entertainment, USA. Toonz Entertainment will
specialize in the world-wide sales and distribution of, animated feature
films, direct to video content and television series. Toonz initial
distribution slate will consist of Wolverine and X-Men Season 1 and 2, Speed
Racer 2, Speed Racer Classic, Mostly Ghostly 2 and 3, Freefonix apart from
other well known properties.

Toonz has appointed Matt Cooperstein as the Executive Vice
President of Toonz Entertainment, USA who will be overseeing the strategic
and operational functions of the company. Cooperstein has over 20 years of
experience in launching innovative programs and distributing them throughout
the US and world-wide marketplace. He has worked with noted studios such as
ITC Entertainment Group, Polygram Television, Universal Worldwide Television,
IndieArts Entertainment and most recently, Liberation Entertainment.

P. Jayakumar, CEO, Toonz Group commented: "The establishment
of a new distribution arm is in pursuance of our vision to grow as a
full-fledged media house. We would be able to take to the world properties
from our library as well as a portfolio of iconic properties."

Matt Cooperstein, Executive VP, Toonz Entertainment, USA
commented: "I look forward to this challenging opportunity and I am elated to
be part of one of the most respected animation houses in the world. We
already have acquired the rights to highly branded properties and will be
aggressive in adding more titles in the future."

About Toonz Animation

Toonz, a major provider of animation to the top US and
European producers, is South Asia's most admired animation studio and part of
the international business conglomerate, Comcraft Group, based out of Geneva.
Founded in 1999, Toonz's client list includes the biggest names in media and
entertainment like Marvel, Hallmark, Paramount, Disney, BBC and Cartoon
Network. Toonz Animation offers its world-wide clientele end-to-end animation
services including 3D animation, 2D animation (digital and traditional),
Flash, Stop Motion and VFX on a full spectrum of media platforms. The
Animation Magazine has heralded the company as one of the top-ten multimedia
studios in the world. Website: www.toonzanimationindia.com

    Media Contact
    Divas Sadasivan
    divas@toonzanimationindia.com
    Off: +91-471-3042500

Media Contact: Divas Sadasivan, divas at toonzanimationindia.com, Off: +91-471-3042500