Sales for the first quarter have already been tracking well ahead of plan at all of the National Retailers across the country. With the greatly anticipated Sony Spider-Man Movie release scheduled for May 3, 2002, retailers are forecasting a complete sellout.

The Action Figure line is comprised of characters and play sets inspired from the Spider-Man Movie. The Action Figure line includes 6" and 12" replicas of the characters from the movie. Retail price points range from $8.99 to $49.99.

Ian Bradley, President and CEO of Grand commented, "We are very pleased with the support that we have received from all major retailers on Spider-Man action figures and accessories. The retail commitment has been demonstrated through the advertising plans and through strong retail presence with dedicated shops in place to coincide with the movie release. We are anxiously anticipating the release of a big hit of the season."

Marvel Comics' Spider-Man debuted in the 1962 comic book release Amazing Fantasy #15 by Stan Lee and Steve Ditko.

With a library of over 4,700 proprietary characters, Marvel Enterprises, Inc. is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused in four divisions: entertainment (Marvel Studios), licensing, toys (Toy Biz) and comic book publishing. Marvel facilitates the creation of entertainment projects, including feature films, television and dvd/home video, based on its characters and also licenses its characters for use in a wide range of consumer products and services including video and computer games, apparel, collectibles, snack foods and promotions. Marvel's characters and plot lines are created by its comic book division which continues to maintain a leadership position in the U.S. and worldwide while also serving as an invaluable source of intellectual property. For additional information visit the Marvel Web site at http://www.marvel.com

Founded in 1960, Grand Toys International, Inc. is a premier licensee and distributor of a wide variety of toys and ancillary items in Canada and since January 1999, a supplier of proprietary products in the United States.

This news release contains certain forward-looking statements and potential benefits from the Company's acquisition strategy, which are within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to risk and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, but are not limited to, those related to business conditions and the financial strength of the retail industry, particularly for toy and toy-related products; the level of consumer spending for such products; the effect of currency translations; the ability of the Company to successfully obtain its products from suppliers; and the success of advertising, marketing and promotional campaigns.