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HIT Founder Replaces HIT CEO

Just as HIT Ent. announced its plans to launch a 24-hour digital cable television channel for preschool children with Comcast Corp., PBS and Sesame Workshop, Rob Lawes left his job as HIT ceo. Peter Orton, chairman/founder of HIT has taken over as interim chief executive.

Orton said, Our results announced today and the U.S. channel joint venture demonstrate that our business is in good financial shape. As HIT enters this new stage in its development, it requires a chief executive with different skills to manage the growth of the business. I would like to thank Rob Lawes for his contribution over the years and wish him well in the future.

Established in 1989, HIT Ent. (www.hitentertainment.com) is one of the worlds leading pre-school childrens entertainment producers and rights owners. With operations in the U.S., U.K., Canada, Japan and Germany, the companys activities span television production and distribution, home entertainment, consumer products, publishing and live events. HIT's famous characters include classic global brands such as BOB THE BUILDER, BARNEY, THOMAS & FRIENDS, PINGU, KIPPER and ANGELINA BALLERINA, which are enjoyed by children in more than 150 countries and territories.

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