JAKKS' new bank line will be available for future acquisitions and working capital.

"We appreciate the big vote of confidence from the banking community in JAKKS Pacific that this agreement represents, which we believe is especially significant in light of recent shifts in our economy," said Stephen Berman, president and chief operating officer, JAKKS Pacific. "The new bank line, in addition to our current available cash and marketable securities, provides us with greater resources to continue to execute on our business strategies."

JAKKS Pacific Inc. (Nasdaq:JAKK - news) is a multibrand toy company that designs, develops, produces and markets toys and related products under various brand names (including Flying Colors�, Road Champs�, Remco�, Child Guidance�, Color Club� and Pentech�) in multiple product categories, including: Wheels; Action Figures; Crafts/Activities/Stationery; Infant/Pre-School; Writing Instruments; Plush; and Dolls. The company also participates in a joint venture with THQ that has exclusive worldwide rights to publish and market World Wrestling Federation� video games. Additional information is available at www.jakkspacific.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements. Such statements reflect the current views of the company with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein.