National Lampoon Agrees to Multi Picture Distribution Deal with Australia's Force...

National Lampoon Agrees to Multi Picture Distribution Deal with Australia's Force Entertainment

LOS ANGELES--(Business Wire)--National Lampoon, Inc. (AMEX:NLN), the most widely recognized
brand in comedy, today announced that it has entered into a multi
picture distribution deal with Force Entertainment, headquartered in
Melbourne, Australia. The announcement was made today by Tom Daniels,
president of worldwide distribution, National Lampoon.

Under the terms of the deal, Force Entertainment will receive
Australian distribution rights to four National Lampoon movies. Films
include, "National Lampoon's Bag Boy", the first title produced and
financed in-house by National Lampoon in the company's history, and
the other original productions, "National Lampoon's Ratko", and
"National Lampoon's 301." Force Entertainment will receive theatrical,
home video, and broadcast distribution rights to all four movies.

National Lampoon has recently signed multi-picture distribution
deals for Germany, Spain, Italy, and Eastern Europe with Beta Film,
Canada with Equinoxe, and the Middle East with Front Row Film
Entertainment.

"This deal continues to solidify our revenue growth going into
this year and beyond. As we continue to enter into additional
partnerships, we are building a consistent revenue stream from
territories around the world. This also continues to build our
National Lampoon international brand presence," said Daniels. "I am
delighted to be partnering with Force to provide National Lampoon
content to our fans in Australia."

"National Lampoon's Bagboy", "National Lampoon's Ratko", and
"National Lampoon's 301" are the first features produced and financed
in-house by National Lampoon in the company's 35 plus year history.
All three films will be released theatrically through National Lampoon
Releasing, while the company is open to broader distribution
partnerships with major studios. National Lampoon recently announced a
significant partnership with Comedy Central for the first broadcast
television window rights for all three pictures.

National Lampoon will release up to twelve titles per year
comprised of four original movies and up to eight acquisitions.
Distribution will be handled independently by National Lampoon, with
some titles having broader distribution in partnership with major
studios. Recent and upcoming theatrical releases from National Lampoon
include "National Lampoon presents The Beach Party At The Threshold Of
Hell" and Les Claypool's directorial debut "National Lampoon Presents
Electric Apricot: Quest For Festeroo" released November 9, 2007,
"National Lampoon's Jakes Booty Call", to be released in February, and
"National Lampoon's Bagboy" slated for theatrical release early 2008.

About National Lampoon

National Lampoon, Inc. (AMEX:NLN) has been a dominant force in the
US comedy world for almost 40 years, and is currently active in a
broad array of media and entertainment segments. These include feature
films, television programming, online and interactive entertainment,
home video, audio, and book publishing. The Company also owns
interests in all major National Lampoon properties, including National
Lampoon's Animal House, the National Lampoon Vacation series and
National Lampoon's Van Wilder. National Lampoon reaches nearly one in
four of all 18 to 24 year old college students in America today. The
Company has three core operating divisions: National Lampoon Films,
which includes production along with theatrical and video distribution
of feature films; College Marketing Division; and National Lampoon
Networks, providing humor content through a number of platforms. These
include its National Lampoon College TV network, the National Lampoon
Humor Network - the most trafficked humor sites on the web, Toga
TV.com - the company's broadband channel, and the new National Lampoon
Video Network, which includes channels on YouTube, AOL, Yahoo, Joost,
and a number of digital video platforms across the Internet. These are
all anchored by the award winning comedy website
www.nationallampoon.com

National Lampoon
Press:
Alastair Duncan
310-300-0950 x223
aduncan@LCOonline.com
or
Dawn Miller
310-300-0950 x231
dmiller@LCOonline.com
or
IR Contact:
Howard Gostfrand or David Sasso
305-918-7000
info@amcapventures.com
www.amcapventures.com

Copyright Business Wire 2008