Stan Lee and Ringo Starr Team to Develop New Superhero Franchise

Stan Lee and Ringo Starr Team to Develop New Superhero Franchise

IDT Entertainment Will Finance, Produce and Distribute New Animation, That Will Transform Ringo Starr Into Evil-Battling - Yet Reluctant - Superhero

LOS ANGELES, Jan. 26 /PRNewswire-FirstCall/ -- Stan Lee's POW! Entertainment (Pink Sheets: POWN) has forged a joint venture partnership with Ringo Starr to create and launch an original entertainment franchise. Financed, produced and distributed by IDT Entertainment, the new animation will transform Ringo Starr into an evil-battling, earth-saving (though reluctant) superhero with a great sense of rhythm. IDT Entertainment is a subsidiary of IDT Corporation (NYSE:IDT)(NYSE:IDT.C), an international telecom, entertainment and technology company.

(Logo: http://www.newscom.com/cgi-bin/prnh/20041006/LAW030LOGO )

Legendary comic book creator Stan Lee and his new company Stan Lee's POW! Entertainment will develop the superhero project with Ringo and his entertainment company Rocca Bella for television, home entertainment/DVD, publishing and all categories of licensing and merchandising. Production on the animated series will begin in 2005 with a planned DVD roll-out first quarter of 2006. Executive Producers for POW! Entertainment are Stan Lee and COO, Gill Champion. Executive Producer for Rocca Bella is Marjorie Bach. IDT Entertainment COO, John Hyde will supervise production.

Stan Lee, the creative force responsible for such world-renowned comic book characters as Spiderman, Fantastic Four, the X-Men and The Hulk, will base the superhero on Ringo's famed persona. Ringo will lend his voice to his animated superhero character.

"Ringo is beloved worldwide for his commitment to people and his singular wit. Our Ringo Superhero character will combine these qualities, along with Ringo's secret powers which people generally didn't know about because he has kept them secret, until now," said Stan Lee, who also serves as POW's Chief Creative Officer.

"What a blast this'll be! Ringo Starr is one of the most colorful, creative guys I know. Between the two of us, we've cooked up enough wild ideas for music, humor, action and superhero surprises in our new animated project, featuring the rollicking, ringed and bearded Ringo, to keep the fans happy and excited for years to come," Stan Lee added.

"This is going to be one of the most exciting adventures I've had all day!!!," said Ringo. "What a terrific opportunity to meet and work with the great Stan Lee. I'm so excited to become a 'reluctant superhero'. How great to hang out with Stan and laugh, laugh, laugh, as we're in the first stages of creating this soon to be masterpiece. Adding music to this adventure is something I am also looking forward to. See you in animation land -- soon!"

Steve Brown, Chairman of IDT Entertainment added, "We all feel that Ringo is one of the great personalities of our time. This is a wonderful opportunity and we truly look forward to working with him on this exciting project."

Said Gill Champion, COO POW! Entertainment: "The combination of these two global icons to create a new form of animation utilizing the folklore of Ringo coupled with the Superhero know-how of Stan Lee is a natural. We see this as building a global business that combines great animation, clever story telling, an original musical score, licensing and merchandising, as well as the other ancillary opportunities to support the venture."

Marjorie Bach, executive producer for Rocca Bella, said: "I am excited and honored to work with such extraordinary talent. Ringo is not just a legendary drummer and musician but also an extremely talented artist and storyteller. Stan Lee invented the modern superhero, revived a dying industry and created a mythology. What a team! This animated project will allow us the freedom to create fantasy worlds based on Ringos' superhero character that will delight and inspire everyone, from the children of the 60's to the kids of today."

ABOUT STAN LEE'S POW! ENTERTAINMENT:

Founded by world famous comic book icon Stan Lee together with recognized entertainment and licensing industry veterans Gill Champion and Arthur Lieberman, Stand Lee's POW! (Purveyors of Wonder) Entertainment, Inc. specialize in the development and production of original franchises for animation and live-action feature films, television, DVDs, video games, merchandising and ancillary markets. Stan Lee, the Chief Creative Officer of POW!, is the creator and inventor of the modern superhero. A prolific author, Lee revolutionized the comic book industry by creating compelling characters who, despite extraordinary powers and talents, are nonetheless plagued by the same doubts and difficulties experienced by ordinary people. Some of his most enduring characters, like Spider-Man(R)(a), The Hulk(R)(a), and X-Men(R)(a), have been spun off into television programs and feature films that have grossed hundreds of millions of dollars at the box office.

ABOUT IDT ENTERTAINMENT:

IDT Entertainment is the IDT subsidiary focused on developing, acquiring, producing and distributing computer-generated and traditionally animated productions and other productions for the film, broadcast and direct-to-consumer markets.

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward- looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. (R) (a) These are the registered trademarks and characters of Marvel Characters, Inc.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041006/LAW030LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: POW! Entertainment; Rocca Bella; IDT Entertainment

CONTACT: Gill Champion of POW! Entertainment, +1-310-275-9933,
gchampion@powentertainment.com; or Elizabeth Freund of EF/PR, +1-718-858-3550,
for Rocca Bella; or Larry Dell of IDT Entertainment, +1-973-438-4189; or
Kristi Blicharski of KBpr, +1-310-371-8795, kristi@kbpr.net, for IDT
Entertainment

Web site: http://www.powentertainment.com/


-------
Profile: intent