MGM And Compedia Partner To Develop Pink Panther Interactive Games

FOR IMMEDIATE RELEASE

Los Angeles, California (August 16, 2007)– This fall, Compedia, an industry leader in the international edutainment games market, will bring in some fun with the launch of a new line of the Pink Panther interactive games. Through the deal with MGM, Compedia will develop educational games for the CD-Rom format starring "the Pink Panther” touching subjects like the environment, preservation, and astronomy.

The Pink Panther interactive line will feature high quality graphics and animation, engaging activities and charming songs to make the learning experience more fun.

"With millions of CD ROMs sold in over 40 markets, we are confident that we will have good sales results with the new Pink Panther line of products. The games will allow kids in many countries to play our user friendly, high quality games and enjoy the fun of learning with the Pink Panther," said Mr. Shai Newman, CEO of Compedia. "Compedia is delighted to cooperate with MGM to bring quality family-friendly games to the market"

About the Pink Panther

The Pink Panther is a large and valuable fictitious diamond which is the center of the first film in the movie series. It bears that name because the flaw at its center, when viewed closely, is said to resemble a leaping pink panther.

The Pink Panther cartoon character is the main character ina series of animated short films. The character originally appeared in the opening and closing credit sequences of the 1963 live-action feature film The Pink Panther. The popularity of the character spawned a series of animated short films, and the character would appear in the opening sequence of every film in The Pink Panther series (except A Shot in the Dark). As of February 2007, the cartoons can be viewed on Cartoon Network's Boomerang.

About Metro-Goldwyn-Mayer Studios Inc.

Metro-Goldwyn-Mayer Studios Inc. is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,000 titles. Operating units include MGM Studios Inc., MGM Pictures Inc., United Artists Films Inc., MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., MGMHome Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 110 countries. For more information, visit www.mgm.com.

About Compedia

Established in 1988, Compedia Ltd. is one of the leading international publishers and developers of educational interactive content for the multi-platform global market. Compedia has over 18 years of experience in developing and publishing of interactive content, including projects for Microsoft-TV and Nintendo. The company is active in the retail market (interactive DVDs and CD ROMs), Educational Bids, Interactive TV channels and Broadband educational channels. Compedia’s products are sold in 40 countries and in 32 languages. For more information on Compedia: www.compedia-usa.com or marketing@compedia-usa.com

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Contacts: Compedia

Nir Bendov

Ph: +1 (416) 273-3618

nbendov@compedia-usa.com


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