Kai Celebrates 20th Anniversary of Dragon Ball Z Debut

MINNEAPOLIS, Feb. 25, 2010 (GLOBE NEWSWIRE) -- Navarre Corporation
(Nasdaq:NAVR) today announced that its wholly-owned subsidiary
FUNimation(R) Entertainment and Japanese powerhouse producer Toei
Animation Co., Ltd. have entered into a multi-year agreement for the
U.S. anime leader to distribute the latest chapter of the
genre-establishing Dragon Ball franchise, "Dragon Ball Z Kai."

To celebrate 2009's 20th anniversary of the megahit series Dragon Ball
Z, Toei Animation, Shueisha Inc. and Dragon Ball creator Mr. Akira
Toriyama created "Dragon Ball Z Kai" in which the Dragon Ball Z story
is retold to more closely follow Mr. Toriyama's original tale about a
brave young warrior named Goku.

A project personally overseen by Mr. Toriyama, "Dragon Ball Z Kai" has
been re-edited and re-made using the latest in digital technology,
including a full-HD re-mastering of the original film.

Now featuring updated opening and closing sequences, renewed
soundtracks and a re-recording of the series by key members of the
original voice cast, "Dragon Ball Kai" premiered on Japan's Fuji
Television Network in April 2009 and will be available in the U.S. on
DVD and Blu-ray beginning this Spring.

"Dragon Ball Z Kai has been hotly anticipated in the states," said Gen
Fukunaga, president and CEO of FUNimation Entertainment. "We are
pleased to come together with Toei and offer passionate fans, who have
been waiting for developments in the Dragon Ball universe, the
opportunity to see the new series."

FUNimation Entertainment will begin releasing the series on DVD and
Blu-ray starting with Part One on May 18, 2010.

For more information about Dragon Ball Z Kai, please visit the official
web site at www.dragonballzkai.com.

About Toei Animation Co., Ltd.

With headquarters in Tokyo and sales offices in Los Angeles, Hong Kong,
Shanghai and Paris, Toei Animation (Jasdaq: 4816) ranks amongst the
world's most prolific animation production studios. Toei Animation's
operations include animation development and production, and worldwide
marketing and program licensing. Since its founding in 1956, Toei
Animation has produced more than 9,000 episodes of TV series (189
titles) and 172 long feature films.

About FUNimation Entertainment

FUNimation(R) Entertainment, a wholly-owned subsidiary of Navarre
Corporation, is the leading company for home video sales of Japanese
animation in the United States. FUNimation has a proven formula for
launching and advancing brands, and manages a full spectrum of rights
for most of its brands including broadcasting, licensing, production,
internet, and home video sales and distribution. For more information
about FUNimation Entertainment and its brands, visit
www.funimation.com.

About Navarre Corporation

Navarre(R) Corporation is a publisher and distributer of computer
software, home entertainment media and related products. The company
produces animé video through its FUNimation Entertainment(R)
subsidiary and publishes computer software in its Encore(R) subsidiary.
Navarre Distribution Services provides complete distribution and
third-party logistics (3PL) services to North American retailers and
their suppliers. Navarre was founded in 1983 and is headquartered in
Minneapolis, Minnesota. Additional information can be found at
http://www.navarre.com.

The Navarre Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6839


CONTACT:  FUNimation Entertainment
          Jackie Smith, Senior Public Relations Manager
          972-355-7300, x4843
          Jackie.smith@funimation.com