FUNimation Promotes Industry Veteran to Lead Sales Department

Fort Worth, TX - August 11, 2005 - To continue the growth and success of the company, FUNimation Entertainment, a wholly-owned subsidiary of Navarre Corporation (NAVR) and one of the nation's leading brand management and entertainment companies, today announced the promotion of Larry Griffin from Senior National Sales Manager to Director of Home Video Sales.

"Larry has been an integral part in developing the great sales team at FUNimation and establishing the company as one of the top companies in the home entertainment industry," explained Ward Thomas, Senior Vice President of Sales and Operations at FUNimation. "His leadership and experience will help us continue our growth and the further development of FUNimation in the industry."

Griffin has over 20 years of experience in the video and audio industry including wholesale, retail, studio and distribution. "FUNimation is in a great spot in the home entertainment industry. I am excited to be in a position to help the company continue its growth and development."

As Director of Home Video Sales, Griffin will be charged with overseeing FUNimation's Home Video Sales Department as well as help widen distribution and increase revenue. Griffin will also assist Thomas with the integration efforts into the Navarre Corporation. Griffin explains that the integration into the Navarre structure will allow FUNimation to capitalize on efficiencies provided by Navarre's distribution practices.

About FUNimation Entertainment
FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation (NASDAQ: NAVR), is a brand management company and one of the nation's leading independent home video entertainment companies. The company has a proven formula for launching and advancing brands, and manages a full spectrum of rights with its brands including broadcasting, licensing, production, internet, and home video sales and distribution. For images, or more information on FUNimation or any of its properties, contact Jeff Dronen at 817-788-0627, ext. 251 or [email protected]

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