Los Angeles, CA (December 10, 2002) � TOKYOPOP®, the leading U.S. manga publisher and a burgeoning international entertainment force, has hired Steve Galloway to fill the newly created position of Executive Director of Development. With an impressive background that includes posts at Nelvana, Universal Music Group and Pioneer Laser Entertainment, Galloway offers TOKYOPOP a wealth of leadership and development expertise.

As Executive Director of Development, Galloway will help develop and sell TOKYOPOP's intellectual properties into domestic film and TV media in order to generate additional revenue streams, build brand recognition and position TOKYOPOP in Hollywood as an effective partner for broadcast projects. He will report directly to the company's Chairman, Founder & CEO Stuart Levy.

"Steve is a highly respected development executive who brings a wonderful track record of experience and success to his new role with TOKYOPOP," said John Parker, President & COO. "As our company positions its first property on television, he will play an integral part in managing that process, as well as developing future opportunities for our continued expansion into broadcast and film."

Galloway joins TOKYOPOP not only at a time of unprecedented growth for the company, but in a marketplace that is exploding with imported anime programming. TOKYOPOP has just announced the upcoming television debut of Reign: The Conqueror, which has been picked up by Cartoon Network for an early 2003 run on its popular "Adult Swim" programming block.

"I am very excited to be joining TOKYOPOP," Galloway comments. "This is a very cool company with a tremendous capacity for bringing both publishing and programming opportunities to the domestic market."

TOKYOPOP®, founded in 1996, is the leading North American publisher of manga, the fastest growing category in the publishing business. With exclusive rights to hundreds of book, video and music products, the company has become a media convergence leader. TOKYOPOP has millions of books in print and publishes several hit properties based on popular Cartoon Network and Kids! WB programs. TOKYOPOP titles include Sailor Moon, Gundam Wing, Initial D, Reign: The Conqueror and Cowboy Bebop, among others. With rapidly growing U.S. demand for its properties, TOKYOPOP is actively expanding into television, film and licensed goods. For more information, visit www.TOKYOPOP.com.