Elkridge, MD (February 3, 2005) - Palisades Toys is pleased to announce that they have partnered with Inkworks and Fox Licensing & Merchandising to produce a limited edition Buffy the Vampire Slayer™ PALz figure. The PALz - "Harsh Light of Day" Spike™ - will only be available to those collectors who find the special PALz redemption card in Inkworks' upcoming "Spike: The Complete Story" trading card set.

The third episode in the fourth season of Buffy the Vampire Slayer, "The Harsh Light of Day" was memorable because it marked Spike's return to Sunnydale, to find the fabled Gem of Amara; but more importantly (to some fans, anyway) it was the first opportunity to get a glimpse of a shirtless Spike.

Palisades celebrates "William the Bloody" with this limited edition "shirtless" Spike PALz figure, which is being produced in extremely low quantities, and will never be made available via retail or wholesale outlets. Redemption cards for the special "shirtless" Spike figure will be inserted into packs of Spike: The Complete Story at a rate of one per case. (1 Card - Inserted approximately 1:432 packs).

The "Harsh Light of Day" Spike PALz figure will not be available for distribution until Mid-March, but collectors who acquire the Redemption Card may send it in at any time, and the PALz will be shipped when they become available.

For more information on Inkworks, visit www.inkworks.com. For more information on Palisades Toys, visit www.PalisadesToys.com.

ABOUT PALISADES TOYS

Palisades Entertainment, LLC ("Palisades Toys") designs, manufactures, and markets a variety of collectable toy products worldwide through sales to retailers and directly to consumers. Palisades Toys believes its products are among the most highly detailed and collectable action figures, PolyStone statues, PolyStone mini busts in the world. Formed in 1994, Palisades' products are sold throughout the world at various retail outlets including Toys "R" Us, KB Toys, Target, Electronics Boutique, Tower Records, Media Play, Sam Goody, Suncoast Video, Amazon.com and a variety of domestic and international comic shops and specialty retailer stores. Palisades Toys' current product portfolio includes The Muppets, Sesame Street, Adult Swim, Alien, Predator, Transformers, G.I. Joe, Ren & Stimpy, Army of Darkness, The X-Files, and others. Further information on this and all other Palisades Toys products is available via our company website at: www.PalisadesToys.com.

ABOUT BUFFY

BUFFY THE VAMPIRE SLAYER, which concluded its seventh and final season in May, 2003, is an action-packed thriller/comedy created by Joss Whedon. Sarah Michelle Gellar stars as Buffy, a quick-witted heroine whose birthright as the Slayer, the Chosen One of her generation with the ability to hunt and destroy vampires, conflicts with her desire to lead a normal life. Armed with a wooden stake, martial arts skills and the help of her friends, Buffy battles against evil and protects the world from total destruction.

BUFFY THE VAMPIRE SLAYER, was produced by Mutant Enemy, Inc., Kuzui Enterprises, and Sandollar Productions, in association with Twentieth Century Fox Television.

ABOUT FOX LICENSING & MERCHANDISING

A recognized industry leader, Twentieth Century Fox Licensing and Merchandising licenses and markets properties worldwide on behalf of Twentieth Century Fox Film Corporation, Twentieth Television and Fox Broadcasting Company, as well as third party lines. The division is aligned with Twentieth Century Fox Television, one of the top suppliers of primetime entertainment programming to the broadcast networks.