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FUNimation Entertainment Awarded Rights to Titles Previously Held by AD Vision

Sojitz's ARM Corporation Transfers Rights to More Than 30 Titles

FLOWER MOUND, TX, July 4, 2008 -- FUNimation Entertainment, a wholly owned subsidiary of the Navarre Corporation, and the ARM Corporation, announced today their agreement to transfer ARM's interest in select series to FUNimationFUNimation Entertainment will distribute and release these DVD titles in North America and other territories around the world.

Under the terms of the deal, FUNimation Entertainment obtains varied rights to these titles including home video, broadcast, digital and merchandise to such international successes as "Devil May Cry" and "Guyver: The Bioboosted Armor TV". The complete list of acquired titles follows below:

* 009-1
* Ah! My Goddess: Flights of Fancy
* Air Gear
* Air movie
* Air TV
* Blade of the Phantom Master
* Comic Party Revolution
* Coyote Ragtime Show
* Devil May Cry
* Guyver: The Bioboosted Armor TV
* Jing, King of Bandits: Seventh Heaven
* Jinki:Extend
* Kanon
* Kyoshiro to Towa no Sora
* Le Chevalier D'Eon
* Magikano
* Moeyo Ken TV
* Moonlight Mile
* Murder Princess
* Nerima Daikon Brothers
* Pani Poni Dash!
* Project Blue Earth SOS
* Pumpkin Scissors
* Red Garden
* Sgt. Keroro 1st & 2nd
* Tokyo Majin
* UFO Princess Valkyrie
* Utawarerumono
* Venus Versus Virus
* The Wallflower
* Welcome to the NHK
* Xenosaga

“We are very enthusiastic about these titles,” said Gen Fukunaga, president and CEO of FUNimation Entertainment. “Not only are these excellent series, but they also fuel FUNimation's major initiatives in social networking, the FUNimation Channel and internet VOD.  These new titles cement FUNimation as the leading anime provider for television broadcast and legitimate online content.  These shows allow us to increasingly provide the best anime to our fans on their own terms.”

FUNimation Entertainment will begin releasing ARM titles later this year.

About FUNimation Entertainment
FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation, is the leading company for Japanese animation in the United States. FUNimation is known for acquiring top-rated anime series from Japan and for being the market share leader for home video sales of anime in the United States. The company 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.

About Navarre Corporation

The Navarre Corporation is a publisher and distributor of physical and digital home entertainment and multimedia products, including PC software, DVD video, video games and accessories. Additional information is available at <http://www.navarre.com>.

About ARM Corporation
The ARM Corporation, a wholly-owned subsidiary of Japanese Contents Investment LPC (JCI) and formed by the Sojitz Corporation and other partners, was established to support the overseas licensing and distribution of Japanese anime.

Sojitz is engaged in the investment of content creation, with a focus on Japanese animation, and its export and sale in overseas markets. The company currently handles over 100 anime titles in more than 30 markets worldwide.

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