Bandai Entertainment Responds to ANNCast Comments

In response to Mr. Sherman's comments and how they were interpreted, Bandai Entertainment has no plans to close down. We actually had a very good year in 2009 and good results in the first quarter of 2010. We have new titles to announce soon and we will be exhibiting at Anime Expo, Otakon, and New York Anime Festival this year. Mr. Sherman's speculations about the state of the anime industry are interesting, but not accurate as it pertains to Bandai Entertainment, except in regard to the point that he was actually trying to make that if the market trend continues where there is little support for dubbed anime products, we may unfortunately discontinue creating dubs and focus on sub-only releases. Hopefully this does not happen. We continue to be grateful to the fans that support our business.

From Ken Iyadomi, President of Bandai Entertainment.