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4KIDS Ent. Names Steven M. Grossman EVP/CEO

Steven M. Grossman will become evp/coo of 4Kids Entertainment Inc. starting Sept. 1, 2005 and will report directly to Alfred R. Kahn, 4Kids chairman/ceo.

Grossman has been a director of 4Kids since 2001 and chairman of the Audit Committee since 2003. He has resigned from 4Kids Audit, Compensation and Nominating and Corporate Governance Committees, but will continue as a director of the company.

Grossman is currently evp/cfo/treasurer of R.A.B. Holdings Inc., a diversified holding company, which owns Millbrook Distribution Services Inc. and the R.A.B. Food Group, Llc. (RAB Food). Millbrook is an independent distributor of specialty foods, health and beauty care products and general merchandise. RAB Food (formerly The B. Manischewitz Co. Llc.) is a manufacturer of processed kosher food products.

Steve Grossman has been a distinguished member of the board of 4Kids and brings enormous drive and management experience to the company, said Kahn. As the business of 4Kids continues to expand and the Sarbanes-Oxley Act reporting and compliance requirements on public companies have become increasingly complex and time consuming, it has become necessary for 4Kids to separate the functions of coo and cfo currently held by Joseph P. Garrity. We are delighted that Steve Grossman will be joining us as coo to bring his considerable operational skills to the management team. Joseph P. Garrity will continue to serve as 4Kids chief financial officer, said Kahn.

I am pleased to be joining 4Kids as coo, said Grossman. As a board member, I have gained valuable experience and insight into the business and operations of the company and I am looking forward to partnering with Al Kahn and the rest of the management team in expanding the scope and reach of the companys brands and assets and in continuing to build shareholder value.

Headquartered in New York City with international offices in London, 4Kids Ent. (www.4Kids.TV) is a global provider of children's entertainment and merchandise licensing. 4Kids -- through its wholly owned subsidiaries -- provides domestic and international merchandise licensing; product development; television, film, music and home video production and distribution; media planning and buying; and website development.