FUNimation Develops Syndicated Anime Programming Block Distributed by OlympuSAT

CoLours TV Network First Broadcaster to Pick Up the Block

FORT WORTH, Texas, March 23 - FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation (Nasdaq: NAVR - News), and a brand management company and one of the nation's leading independent home video entertainment companies, announced today that it has developed a two-hour anime block for syndication. The block is composed of high quality anime programming from the FUNimation Channel. CoLours TV Network, available as part of DISH Network's basic satellite TV package, is the first broadcaster that will be carrying this block.

"We are very excited to be working with OlympuSAT and the CoLours TV Network," said Gen Fukunaga, president and CEO of FUNimation Entertainment. "Part of our strategy is to use syndication to rapidly reach wider audiences and give them a taste of the top rated anime programming available from FUNimation."

"We are excited to be distributing the FUNimation Channel and offering this block for Syndication given the high demand for anime. FUNimation is the proven leader in anime, with a portfolio of proven ratings hits and unique top quality productions," explained Tom Mohler, president of OlympuSAT.

CoLours TV Network will run FUNimation's syndicated anime block seven days a week from 10:00 p.m. to 12:00 midnight ET (7:00 p.m. to 9:00 p.m. PT). "The CoLours TV Network is a perfect location for our syndicated anime block. It provides viewers across the nation a place they can find our great shows every night all week long," explains Fukunaga.

FUNimation's two-hour anime block is distributed by OlympuSAT and available to broadcasters nationwide. The anime programming on the block is from FUNimation, the company that also brings you the FUNimation Channel, which is a 24-hour digital network featuring programming of top-rated anime brands from Japan.

About Navarre Corporation

Navarre Corporation (Nasdaq: NAVR - News) is a publisher and distributor of a broad range of home entertainment and multimedia products, including PC software, CD audio, DVD and VHS video, video games and accessories. Since its founding in 1983, the company has established distribution relationships with customers across a wide spectrum of retail channels which includes mass merchants, discount, wholesale club, office and music superstores, military and e-tailers nationwide. The company currently provides its products to over 18,000 retail and distribution center locations throughout the United States and Canada. Navarre has recently expanded its business to include the licensing and publishing of home entertainment and multimedia content, primarily through the acquisitions of Encore Software, Inc., BCI Eclipse Company, LLC, FUNimation Productions, Ltd. and The FUNimation Store, Ltd. For more information, please visit the company's web site at .

About FUNimation Entertainment

FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation (Nasdaq: NAVR - News), is a brand management company and one of the nation's leading independent home video entertainment companies. The company's most recent initiative is the FUNimation Channel(SM), a new, 24-hour digital network featuring programming from the top anime brands in the United States. FUNimation has a proven formula for launching and advancing brands, and manages a full spectrum of rights for most of its brands including broadcasting, licensing, production, internet, and home video sales and distribution. For images, or more information on FUNimation Entertainment, the FUNimation Channel, or any of FUNimation's properties, contact Jeff Dronen at 817-788-0627, ext. 251 or [email protected] .

About CoLours TV Network

CoLours TV is a 24-hour cable and satellite network offering fresh entertainment and educational programming about urban and ethnically diverse cultures. Owned by Black Star Communications, a non-profit corporation, CoLours TV is currently in 12 million US cable and satellite households. More information is available is .

About OlympuSAT

OlympuSAT, Inc. distributes independently owned and operated digital networks on individual transponder platforms and currently represents more than twenty diverse channels through their Hispanic and Faith & Families Packs. A turnkey service provider, OlympuSAT facilitates technical related services for the transponder and uplink along with affiliate sales services. Additional services provided to networks include, as needed, master control, advertising sales and traffic and billing services. The OlympuSAT suites are distributed via Intelsat Americas 13. An affiliate of Ocean Communications, OlympuSAT is based in West Palm Beach Florida, serving homes nationwide.

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