JAKKS Pacific's President and COO, Stephen Berman, commented, "We view the asset acquisition as a wonderful opportunity to extend and diversify the Company's product lines. The acquisition of these assets should result in added shelf space for our increasingly diversified product lines, and should increase our sales and profitability in the year 2003 and beyond. We also believe we have the skill and experience to integrate the Trendmaster assets quickly and effectively as we have demonstrated we can do with previously acquired brands and product lines."

Mr. Berman concluded: "The Storm(TM), a leading water gun and outdoor products line, and the wide array of seasonal toy products for Halloween, Christmas and Easter, strengthen our holiday offerings. With the addition of The Storm(TM) to JAKKS junior sports line of outdoor products, to our Go Fly a Kite(TM) windforms and kites, and to our Funnoodle(TM) pool floats, two brands and product lines acquired through the recent Toymax acquisition, we believe we can increase and strengthen our spring and summer product categories to become a more significant and year-round source of supply to our customers. We intend to carefully monitor the future profitability of the acquired product lines, ultimately eliminating certain SKU's while maximizing our marketing efforts on the stronger and more profitable ones."

JAKKS Pacific, Inc. is a multi-brand company that designs and markets a broad range of toys and leisure products. The product categories include: Action Figures, Arts & Crafts Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush and Dolls. The products are sold under various brand names including Flying Colors®, Road Champs®, Remco®, Child Guidance®, Pentech®, Toymax®, Funnoodle®, Laser Challenge(TM) and Go Fly a Kite(TM). The Company also participates in a joint venture with THQ Inc. that has exclusive worldwide rights to publish and market World Wrestling Entertainment(TM) video games. For further information, visit www.jakkspacific.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein.