JAKKS Pacific Inc. Signs Licensing Agreements With MOSH Bikes and BMX Riders

Business Wire, Feb 9, 2000

Business Editors &Retail Writers

MALIBU, Calif.--(BUSINESS WIRE)--Feb. 9, 2000

JAKKS Pacific Inc. (Nasdaq:JAKK) today announced that it has signed licensing agreements with MOSH Bikes and top BMX riders Jerry Bagley, Mike Ardelean and Mike Aitken.

JAKKS Pacific will develop -- under its Road Champs(R) BXS brand

-- collectible die-cast bikes and vehicles, mini bike part accessories, bike playsets and bikes with gear accessories that are replicas of the MOSH bikes used by Bagley, Ardelean and Aitken.

Also featured will be likenesses of the three riders, as well as trick sticks(TM) (allowing kids to emulate the stunts of the pros) that incorporate replicas of their helmets.

Jerry Bagley, the unofficial team leader, is one of today's brightest trail and stunt dirt-jumping stars. Bagley solidified his place among BMX royalty this past year placing fourth at the ESPN Summer X-Games while also winning numerous regional and state titles.

Mike Ardelean is the newest member of the MOSH team. Widely considered among the foremost influential and innovative street riders, Ardelean is a three-time X-Games finalist and one of the sport's most popular BMX stunt riders.

At 16, Mike Aitken is the youngest member of the MOSH team, but he does not lack experience! Having been riding for the last five years, Aitken is equally at home riding street, skateparks and at the trails. He was recently voted &uot;The Best Rider Award&uot; on the SNAP Magazine East Coast Tour.

&uot;MOSH is excited to be part of the Road Champs(R) BXS brand for finger bikes and team action figures,&uot; stated Sam Arellano, MOSH BMX brand manager. &uot;We anticipate endless hours of fun with the Road Champs(R) BXS brand MOSH replicas and look forward to future Road Champs(R) BXS brand products featuring the MOSH name.&uot;

MOSH Bikes' products includes dirt/street, freestyle and racing bicycles. Additional information may be found by visiting www.moshbikes.com.

JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products, including: action figures and accessories featuring licensed characters, principally from the World Wrestling Federation(R); Flying Colors(R) molded plastic activity sets, clay compound playsets and lunch boxes; Road Champs(R) die-cast collectible and toy vehicles and Remco(R) toy vehicles and role-play toys and accessories; Child Guidance(R) infant and preschool electronic toys, toy foam puzzle mats and blocks, and activity sets and outdoor products; and fashion and mini dolls and related accessories.

&uot;Safe Harbor&uot; Statement under the Private Securities Litigation Reform Act of 1995: This news 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.