Mr. Sabatino joins Toymax from the accounting firm of BDO Seidman, LLP where he was an audit partner with over thirteen years of public accounting experience with Securities and Exchange Commission filings in a variety of industries including manufacturing, distribution and retail.

Commenting on the announcement, Steven Lebensfeld, CEO of Toymax, said, "Michael joins us after serving as the audit partner on our account at BDO Seidman. In that capacity, Michael developed an integral knowledge of our Company and its businesses. In addition, Michael has extensive knowledge of the retail and credit environment. He brings a valuable new perspective to the management team."

About Toymax

Toymax (www.Toymax.com) is a children's consumer products company that creates, designs and markets innovative and technologically advanced toys and leisure products. Toymax products promote fun and creative play, and are available under several brands: Toymax� toys, such as R.A.D.(TM) Robot, Mighty Mo's(TM) vehicles, Laser Challenge(TM) gear, Creepy Crawlers� Bug Maker(TM) and the award winning TMX RC(TM) Dragonfly(TM) (radio controlled vehicle; Funnoodle� pool and water toys and accessories; Go Fly a Kite� kites, lawn and home decor; Candy Planet(TM) candy products; and Monogram International gift, novelty and souvenir products. Toymax is headquartered in Plainview, N.Y. and its products are available at retailers worldwide.