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Management Changes at RC/Ertl

GLEN ELLYN, Ill., Jan. 30 -- Racing Champions Ertl today announced two management team appointments. Greg Miller, who joined the Company in 2001, has been promoted to Vice President of Marketing, and Jeff Jones has joined the Company as Director of New Products and Technology.

Miller, who holds an M.B.A. from the University of Baltimore, had been Managing Director at Racing Champions Ertl and has broad experience in preschool toys and licensed products. Prior to joining the Company he had been Business Team Leader at Little Tikes, Vice President of Marketing for Hasbro's Playskool Division and had also worked for Today's Kids and American Greetings in various licensing and toy management positions.

Known as a leader in the development of toys which enhance a child's imaginative experiences, Jones was Senior Vice President, R&D, for Tiger Electronics before joining Racing Champions Ertl, and had also worked for Hasbro. While with Tiger he was active in the development of many new products including Furby, Furby Babies, interactive Gizmo, interactive E.T., and cyber pets Poo-Chi, Meow-Chi, and i-Cybie. He is a graduate of Clark University with degrees in psychology and business.

"It gives us a great deal of pleasure to announce these new appointments," said Curt Stoelting, CEO of Racing Champions Ertl. "Both Greg and Jeff are strong leaders who bring a wealth of knowledge and experience to Racing Champions Ertl." Peter Henseler, President of Racing Champions Ertl added, "Our Company and our management team have been strengthened by these appointments. We're confident that Greg and Jeff will play major roles in our continuing growth."

Racing Champions Ertl (http://www.rcertl.com) is a leading producer and marketer of innovative collectibles and toys targeted at males of all ages. The Company's diverse product offerings include scaled die-cast replicas of John Deere agricultural equipment and NASCAR stock cars, other licensed vehicle replicas, pre-teen toys, sports trading cards, racing apparel and souvenirs, and collectible figures. These products are sold under the Company's market-focused brand names, including Racing Champions(R), Ertl(R), Ertl Collectibles(R), American Muscle(TM), AMT(R), W. Britain(R), Press Pass(R), and JoyRide Studios(TM). The Company reinforces its brands and enhances the authenticity of its products by linking them with highly recognized licensed properties including NASCAR, NHRA, John Deere, Harley-Davidson, Case, Polaris, Honda, Caterpillar, Ford, GM, Chrysler, Texaco, Universal Studios, Warner Brothers, Hit Entertainment, Nintendo, Sega, and Electronic Arts. The Company's products are marketed through multiple channels of distribution, including mass retailers and specialty and hobby wholesalers and retailers, OEM dealers, and to corporate accounts for promotional purposes. The Company sells through more than 20,000 retail outlets located in North America, Europe, and Asia Pacific.

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