Live-Action, CGI Feature Film Targeted for the Big Screen in 2009

HONG KONG -- Mar. 7, 2007 -- Wowwee Ltd. today announced that they have joined forces with Arad Productions to bring Robosapien to the big screen. The feature film, which will combine live-action and CGI is targeted for release in 2009.

With worldwide sales of more that 4 million units, Robosapien is the most popular entertainment robot in the world, and has become the standard by which all other Robots are measured. A beloved icon, Robosapien and his Wowwee Robotics "family" are currently featured premiums in McDonald's® Happy Meal® and Mighty Kids Meal® program.

"We are thrilled to be working with Avi Arad," said Richard Yanofsky, president of Wowwee Group. "He is the ideal person to successfully translate Robosapien's lifelike characteristics and endearing personality into a compelling and entertaining story. Watching Arad bring Robosapien to life will be a dream come true."

"The toy industry is my first love," said Arad. "And Robosapien has intrigued me since he was introduced. He has all the right elements to make a family feature film with the ability to touch people on an emotional level."

The former CEO and Chairman of Marvel Studios, Avi Arad, toy industry legend and a self proclaimed comic book fanatic, has been the driving force behind the enormously successful resurgence of movies based on comic book characters.

Arad is the producer of Spider-Man 2 and Spider-Man 3; X-Men: The Last Stand; Ghost Rider; The Hulk; Daredevil; The Punisher; Elektra; and Fantastic Four. He is the executive producer of Spider-Man; X-Men and X2: X-Men United; Blade, Blade II and Blade: Trinity.

Arad is currently working on Bratz: The Movie (2007), a live-action film based on MGA's popular doll line, Bratz.

Wowwee Ltd. is a privately-owned, Hong Kong based company with a worldwide sales and distribution network. The Company is the recognized leader in the manufacturing of innovative hi-tech consumer robotic and entertainment products. For more information and to see the latest Wowwee products please visit http://www.wowwee.com.