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Press release from Business Wire

JAKKS Pacific Announces Appointment of Jack McGrath as Chief Operating Officer

Wednesday, August 24, 2011

JAKKS Pacific Announces Appointment of Jack McGrath as Chief Operating Officer06:30 EDT Wednesday, August 24, 2011 MALIBU, Calif. (Business Wire) -- Leading U.S. toymaker, JAKKS Pacific, Inc. (Nasdaq:JAKK) today announced the appointment of Jack McGrath as Chief Operating Officer. “Jack has demonstrated leadership throughout his years with the Company, and his high level of experience and business acumen makes him the perfect choice to be our COO,” said Stephen Berman, President and Chief Executive Officer of JAKKS Pacific. “He has immersed himself in all aspects of the Company's operations, has built and maintained strong relationships with our licensors, and has been instrumental in integrating the operations of the businesses during his dozen years with the Company. Jack demonstrated ability to execute the strategic vision of management and the Board, and has been a key to our success in growing the Company through acquisitions, strong licensed properties and our ability to create home-grown products.” Mr. McGrath, a 15-year veteran of the toy industry, joined JAKKS Pacific in 1999 as Vice President of Marketing and Product Development, and advanced to Senior Vice President of Operations in 2000 and then Executive Vice President of Operations in 2008. About JAKKS Pacific, Inc. JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer and marketer of toys and consumer products, with a wide range of products that feature some of the most popular brands and children's toy licenses in the world. JAKKS' diverse portfolio includes Action Figures, Electronics, Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture, Vehicles, Plush, Art Activity Kits, Seasonal Products, Infant/Pre-School, Construction Toys and Pet Toys sold under various proprietary brands including JAKKS Pacific®, Creative Designs International™, Road Champs®, Funnoodle®, JAKKS Pets™, Plug It In & Play TV Games™, Kids Only!™, Tollytots® and Disguise™. JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Disney®, Nickelodeon®, Warner Bros.®, Ultimate Fighting Championship®, Hello Kitty®, Graco®, Cabbage Patch Kids® and Pokémon®. www.jakks.com This press release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release. © 2011 JAKKS Pacific, Inc. All rights reserved. JAKKS Pacific, Inc.Anne-Marie Feliciano, 310-455-6245anne-marief@jakks.net