Society for the Promotion of Japanese Animation Announces New Chief

Aug 16th 2007

SOCIETY FOR THE PROMOTION OF JAPANESE ANIMATION ANNOUNCES NEW CHIEF EXECUTIVE OFFICER

Anaheim, California (August 16, 2007) - Society for the Promotion of Japanese Animation (SPJA) Board of Directors announced, in their August 2007 board meeting, that current Chief Financial Officer Ms. Trulee Karahashi has accepted the position of Chief Executive Officer for the organization. More information can be found on the website www.spja.org .

Ms. Karahashi, a University of California Berkeley graduate, has extensive experience in working with the U.S. and Japanese anime and manga industries. In addition, Ms. Karahashi has in-depth knowledge of the organization and long-time experience with the SPJA event - Anime Expo®. "I'm very excited about the opportunity to contribute in a new way to the organization and people that I care so much about - my goal is to assist with the success and growth of the SPJA. It's important that the SPJA continues as a catalyst for growth of the anime, manga, and related industries in the U.S." states Ms. Karahashi.

As Chief Executive Officer, Ms. Karahashi, will oversee day to day activities of the SPJA as well as take an active role in the development of Anime Expo®-the nation's largest anime/manga convention that serves to foster trade, commerce and the interests of the general public and animation/comics industry.

About Society for the Promotion of Japanese Animation
The Society for the Promotion of Japanese Animation (SPJA) is a non-profit organization with a mission to popularize and educate the American public about anime and manga, as well as provide a forum to facilitate communication between professionals and fans. This organization is more popularly known by its entertainment property ­ Anime Expo®. More information can be found at its website (www.spja.org ).

About Anime Expo®
Located in Los Angeles, California - Anime Expo®, the nation¹s largest anime/manga convention, serves to foster trade, commerce and the interests of the general public and animation/ comics industry. This event serves as a key meeting place for the general public to express their interest and explore various aspects of anime/manga, as well as for members of the industry to conduct business. AX 2008 will be held July 3 ­ July 6, 2008 at the Los Angeles Convention Center in Southern California. More information can be found at its website (www.anime-expo.org).

The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. The Company cautions readers of this press release that a number of important factors could cause Anime Expo®/SPJA¹s actual future results to differ materially from those expressed in any such forward-looking statements. Such factors include, without limitation, product delays, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, maintenance of relationships with key personnel, vendors and third-party developers, international economic and political conditions. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in the Company's assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


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