New York, N.Y. (May 25, 2005) � 4Kids Entertainment, Inc. has reached a distribution agreement with FUNimation Entertainment for the U.S. video rights to hit animated series WINX CLUB.

The WINX CLUB series continues to build a strong audience Saturday mornings on 4Kids TV. Winx Club is #1 in its time period among broadcast networks based on Girls 6-11 for the weekend ending May 14, 2005.*

The series offers a modern day twist on the timeless clash between good and evil, featuring five bewitching, beautiful teen girls with a passion for fashion and a flair for magic!

"After witnessing the strong broadcast and growing merchandise success of the WINX CLUB, we are excited to be working with 4Kids Entertainment to bring this delightful and empowering new girls' property to the home video market," said Gen Fukunaga, president and CEO of FUNimation Entertainment.

The five members of the WINX CLUB � Bloom, Stella, Flora, Tecna and Musa � are different types of fairies. Each carries powers that are closely related to the element of their nature - Stella of the Winx Club draws her energy from the sun and moon, while Flora of the Winx Club is a nature fairy, deriving her strength from plants and flowers.

While the job of battling the forces of evil is hard work, the WINX CLUB friends certainly know how to do it in style!

The WINX CLUB is produced by Rainbow S.rl., a leading Italian animation company, and adapted for the U.S. by 4Kids Entertainment.

"The quality animation, compelling story lines and colorful characters make for a captivating series that young girls are drawn to," said Joe Lyons, Director of Home Media Entertainment at 4Kids Entertainment. "We are confident that FUNimation Entertainment will enjoy a terrific sell through success with the WINX CLUB property."

FUNimation Entertainment has scheduled the release of WINX CLUB for July 12, 2005. The DVD will be available at major mass retailers nationwide and includes a free WINX CLUB collectible game card by Upper Deck as a bonus and sneak peeks of the WINX CLUB comic book and Magical Fairy Game as DVD extras.

*SOURCE: Nielsen, NTI May 2005

About FUNimation Entertainment
FUNimation Entertainment, a 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 entertainment brands including broadcasting, licensing, production, internet, and home video sales and distribution.

About 4Kids Entertainment
Headquartered in New York City with international offices in London, 4Kids Entertainment, Inc. (NYSE: KDE) is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; television, film, music and home video production and distribution; media planning and buying; product development; and Web site development. For further information, please visit the Company's Web site at www.4KidsEntertainment.com.

About Rainbow S.r.l.
Rainbow S.r.l. is a leading European animation producer with an award-winning team including animation directors, scriptwriters, story-editors, senior 2D&3D animators, special effects operators plus a fully dedicated sales and licensing department. Do visit the Rainbow S.r.l. website for further information: www.rbw.com.

Images are � 2003 Rainbow Srl. All rights reserved.