Navarre Corporation Announces Exclusive Distribution Agreement With Destineer

Navarre Corporation Announces Exclusive Distribution Agreement With Destineer

MINNEAPOLIS, Oct. 4 /PRNewswire-FirstCall/ -- Navarre Corporation (NASDAQ:NAVR), a publisher and distributor of a broad range of physical and digital home entertainment and multimedia products, today announced that its Navarre Distribution Services division has signed an exclusive distribution agreement to distribute four new console games based on FUNimation's ever popular Fullmetal Alchemist series published by Destineer for the Nintendo DS and Sony PSP platforms.

The first of these new releases, "Fullmetal Alchemist: Dual Sympathy" is scheduled to be in stores in October, 2006, with a retail price of $29.99.

Eric Paulson, Chairman and Chief Executive Officer, Navarre, commented, "This exclusive distribution agreement expands our close relationship with Destineer. Their track record of developing top-tier console games coupled with FUNimation's fast-growing Fullmetal Alchemist brand will benefit Navarre, FUNimation and Destineer." Paulson continues, "This agreement also demonstrates one of the strategic benefits of the FUNimation acquisition which has provided us the leverage to license our anime content to developers who then distribute their content through our distribution services business unit."

About Navarre Corporation

Navarre Corporation (NASDAQ:NAVR) is a publisher and distributor of physical and digital home entertainment and multimedia products, including PC software, CD audio, DVD and VHS video, video games and accessories. Since its founding in 1983, the company has established distribution relationships with customers across a wide spectrum of retail channels which includes mass merchants, discount, wholesale club, office and music superstores, military and e-tailers nationwide. The company currently provides its products to over 19,000 retail and distribution center locations throughout the United States and Canada. Navarre has expanded its business to include the licensing and publishing of home entertainment and multimedia content, primarily through the acquisitions of Encore Software, BCI, and FUNimation. For more information, please visit the company's web site at http://www.navarre.com/ .

First Call Analyst:
FCMN Contact: cfelber@navarre.com

Source: Navarre Corporation

CONTACT: Haug Scharnowski, VP Corporate Relations of Navarre
Corporation, +1-763-535-8333, hscharnowski@navarre.com

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

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