LOS ANGELES -- Oct. 25, 2006 -- Marvel Studios, a division of Marvel Entertainment, Inc. and Vancouver based production company, No Equal Entertainment, have entered into an agreement to develop a live-action television series based on Marvel's cult favorite Moon Knight. The announcement was made today by David Maisel of Marvel Entertainment and Larry Sugar of No Equal Entertainment.

First introduced by Marvel Comics in the mid-1970s, Moon Knight remains a true fan favorite as evidenced by the current best-selling comic book series featuring the Super Hero. Moon Knight presents the story of soldier of fortune Marc Spector. After an encounter with the Egyptian god of vengeance and the moon deity Konshu, he became a hero: Moon Knight. The encounter leaves the tormented Spector with even more inner demons to combat. Now as Moon Knight, he hunts criminals in the night, bringing them to justice, and striking fear in the hearts of criminals everywhere. Moon Knight's blend of action, the supernatural, and complex, intriguing characters will serve as the foundation for the live-action series.

"Moon Knight has all the elements for an engaging television series. No Equal Entertainment has a real passion for the project and an amazing vision of how to bring the character and storyline to life that will appeal to action and sci-fi enthusiasts," said Mr Maisel.

The production will be spearheaded by No Equal Entertainment's Sugar. Sugar brings to the project over 35 years experience as a Hollywood executive and producer. His track record includes a wide array of global television series, including: "The Collector," "Romeo," "First Wave," "Dead Man's Gun," and "So Weird."

Mr. Sugar added, "We are delighted to be in business with Marvel Entertainment and believe that Moon Knight will make a compelling and long-lasting television series."

About Marvel Entertainment, Inc.

With a library of over 5,000 characters, Marvel Entertainment, Inc. is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused on utilizing its character franchises in licensing, entertainment, publishing and toys. Areas of emphasis include feature films, DVD/home video, consumer products, video games, action figures and role-playing toys, television and promotions. Rooted in the creative success of over sixty years of comic book publishing, Marvel's strategy is to leverage its character franchises in a growing array of opportunities around the world. More information at http://www.marvel.com.

About No Equal Entertainment, Inc.

Run by the father and son team of Larry and J.B. Sugar, No Equal Entertainment, Inc. is a vertically integrated entertainment company based in Vancouver, B.C. that develops, produces, distributes and markets feature films, television movies, series and mini series worldwide.

(TM) & (C): 2006 Marvel Entertainment, Inc. and subsidiaries, all rights reserved. Super Heroes is a co-owned registered trademark.