dronen@funimation .kidtoonfilms.E Online, which was commercially launched in Korea in January 2005,
has been exported to Japan, Taiwan and the Philippines. The Company's principal product,
Ragnarok Online, is currently commercially offered in 20 markets.O. Ltd.

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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. 251 or jeff.E.O., AGEIA(TM) Technologies ,
Inc."

About GungHo Online Entertainment
GungHo was launched in August 2002 as a provider of online game services.

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FUNimation Films is a monthly initiative that will bring top-rated anime
features and series premiers to movie theatres across the nation.us ); and KidToon Films
( http://www. We believe that
our controlling interest in Trigger Soft and ability to directly supervise its
management will enable us to promptly provide updates and meet the users'
demand for R.E. Trigger Soft has a long
history and valuable know-how in the game industry, as well as a small but
solid development team.


CONTACTS:
In Korea:
Kwan Shik Seo, CFO
Gravity Co.

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com ).S. In Korea, we believe,
due to its console-quality graphics and storylines, the game attracted
significant user attention during the open beta service period and the early
stage of commercialization. The PhysX processor and supporting software
deliver the processing horsepower to calculate real-time interactive worlds.

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"The Bigger Picture's digital distribution network
provides access to theatres throughout the country and is a great fit for
FUNimation Films .
FUNimation also announced the titles that will be featured during April
and May.O.35 million ).E Online,
the second massively multiplayer online role-playing game (MMORPG) that was
introduced by GRAVITY, following its flagship title Ragnarok Online.O. For more information visit http://www. Private Securities Litigation Reform
Act of 1995.com.

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premiere of the Dragon Ball Z
movie Fusion Reborn .
"The theatrical exhibition community has embraced the Bigger Picture's
slate of targeted content, as it provides them with a guaranteed supply of
films with a built-in fan base," says Greg Rutkowski, co-CEO of The Bigger
Picture. In April, FUNimation Films will give fans a chance to preview the
upcoming Basilisk series.funimationfilms.O. Online by
leveraging Gravity's leading brand name , ability to successfully commercialize
games, along with our intimate relationships with our partners in our overseas
markets. GungHo is using the simulation capabilities of AGEIA NovodeX physics
software as a cost-saving alternative to expensive motion-capture and labor-
intensive 3D animation. For more
information visit http://www.

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Sabella Dern Entertainment, Inc. is a property creation and animation
studio that develops, enhances and re-brands global intellectual properties.
In addition to property creation and production, the company has formed
two theatrical distribution subsidiaries specializing in digital exhibition -
The Bigger Picture, a subsidiary releasing targeted content to theatrical
audiences ( http://www.
For more information, please visit http://www .

All forward-looking statements involve risks
and uncertainties, including, but not limited to, the ability to diversify
revenue, ability to collect license fees and royalty payments from overseas
licensees and in a timely manner; ability to acquire, develop, license,
launch, market or operate commercially successful online games; competition
from companies that have greater financial resources; introduction of new
products into the marketplace by competitors; the ability to recruit and
retain quality employees as the Company grows; and economic and political
conditions globally.


AGEIA Media Contact:
Kim Stowe
Reverb Communications, Inc .

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S.

About FUNimation Entertainment
FUNimation(R) Entertainment, a wholly-owned subsidiary of Navarre
Corporation, is a brand management company and one of the nation's leading
independent home video entertainment companies.net .E Online
R.com

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C.sdentertainment.S.S. Gravity
also offers a number of mobile games, which are played using mobile phones and
other mobile devices , participates in the production of a televised animation
series, and licenses the merchandizing of character-related products based on
its online games.

Forward-Looking Statements:
Certain statements in this press release include forward-looking
statements within the meaning of the U.S.com

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S. GungHo games have captured a large and faithful customer base by
offering compelling characters, blending of 2D and 3D elements, and active use
of community elements.
Developers can define these worlds to obey the laws of classical physics, or
create their own physical laws that make their game a unique, hyper-
dimensional experience.

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About Sabella Dern Entertainment , Inc.S. It had been developing
PC based strategic simulation games such as JangBoGo War, ChoongMuGong War,
TweMa Legend and LarcMu, among others, until it developed R.E Online, a
MMORPG, in 2003, which was licensed it to Gravity.S. 314)
ksseo3311@gravity.co.
"Inspire Movement" conveys the essence of GungHo's mission to provide
customers with entertaining and moving experiences based on the key concepts
of "Challenge" and "Creation.

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markets. A database is being created and fans can
search by zip code for the nearest theatre featuring FUNimation Films.O."

About R. Forward -looking statements generally can be identified by the use
of forward-looking terminology, such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," "project" or "continue" or the negative
thereof or other similar words. The forward-looking
statements speak only as of the date of this release and the Company assumes
no duty to update them to reflect new, changing or unanticipated events or
circumstances.

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FUNimation Films initiative to be available in theatres nationwide through
The Bigger Picture distribution program

FORT WORTH, Texas, FUNimation Entertainment, a
wholly-owned subsidiary of Navarre Corporation, announced the development of
FUNimation Films with The Bigger Picture, a subsidiary of Sabella Dern
Entertainment.kr

In the U . AGEIA PhysX simulation offers cost-saving alternative to motion capture and
animation

MOUNTAIN VIEW, Calif.

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Based in Korea, Gravity is a leading developer and distributor of online
games in Japan, Taiwan, Thailand and Korea.
"GungHo was one of the first game companies to anticipate and capitalize
on the broadband boom in Japan, and the strength of their content has earned
them a dominant position in this market," said Andy Keane , vice-president of
marketing at AGEIA Technologies.

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Basilisk is a beautifully crafted ninja-horror -
action series from the acclaimed Studio GONZO.
(Nasdaq: GRVY), a leading developer and distributor of online games, that it
had signed an agreement to acquire a 75% equity interest in Trigger Soft , a
game developer in Korea, which developed R.S.O.E.

About Gravity Co.:
David Pasquale, EVP at The Ruth Group
Tel: +646-536-7006
dpasquale@theruthgroup. "With NovodeX , we keep our costs down, improve our quality, and
ultimately deliver a better experience to our online communities than ever
before.
(408) 879-7466
kim@reverbinc.

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Trinity Blood is
a post-apocalyptic vampire action and conspiracy series that creates a unique
visual palette by combining futuristic fantasy and gothic fashion. For images, or more information on FUNimation Entertainment, the
FUNimation Channel, or any of FUNimation's properties, contact Jeff Dronen at
817-788-0627 , ext.S.

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FUNimation Entertainment and Sabella Dern Entertainment Launch FUNimation Films

Moviegoers will be
treated to a special showing of the Dragon Ball Z feature The Return of
Cooler, followed by the main event: the U. R.O.E Online's services and
updates.S.O.co."
GungHo manages the largest online game community in Japan, while
developing its own content with a range of titles appealing to a variety of
users.

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The program
will launch on March 17, 2006 in select Landmark theatres.

thebiggerpicture.

Gravity to Acquire Controlling Interest in Trigger Soft

Tel: 82-2-516-5438 (Ext. AGEIA PhysX technology is being used to create online
worlds that offer virtually unlimited interactivity.

Online roleplaying games are games played via message board, email, or other electronic medium that do not emulate an actual world within the computer (See Games: Video Games: Roleplaying for these types of games).

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FUNimation Films will be available in Landmark theatres nationwide in the
Atlanta, Austin, Chicago, Dallas, Minneapolis, Seattle, San Diego, San
Francisco, and Washington , D. The company's most recent
initiative is the FUNimation Channel(SM), a new, 24-hour digital network
featuring programming from the top anime brands in the United States.com.
David Yoon, Gravity 's CEO, said, "Trigger Soft developed R. The storyline of R.

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"
The Bigger Picture is a theatrical distribution company specializing in
the digital distribution of films targeted to underserved audiences during
"off-peak" hours. More theatre chains and theatres will
be added each week and fans can find out where they can watch FUNimation Films
in their area on the FUNimation Films website
( http://www.O.S." GungHo has successfully established a stable
revenue base from its online game services, supported by a large subscription
base and its business experience gained from operating the largest online game
community in Japan.

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S.
Online is licensed to and published exclusively by GRAVITY.S. We believe we can maximize our investment in R. Ltd.gravity. "GungHo's adoption of AGEIA PhysX
technologies gives them powerful new tools for maintaining their leadership
and expanding the possibilities of online gaming. Consumer
add-in boards and systems equipped with the AGEIA PhysX processor and games
that take advantage of the technology will be available in late 2005.

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"Anime is a growing entertainment segment in the United States and we want
to give anime fans a place they can go each month to see the top anime titles
in the United States on the big screen," explained Gen Fukunaga, president of
FUNimation Entertainment. While at
MGM, the two helmed successful animated productions for both film and
television.com ), a leader in the distribution of G-rated
matinee movies for kids and families at theatres throughout the country. SEOUL, South Korea, Gravity Co. The purchase price was KRW 1. Online
will have a significant impact on the future success of Requiem and Ragnarok
2, the MMORPGs currently in our pipeline, we felt it was critical to acquire a
controlling interest in Trigger Soft in order to constantly maintain and
manage the brand value of Gravity by reinforcing R., the pioneer in hardware-accelerated physics for games, today announced
that Japanese online game specialist GungHo Online Entertainment is adopting
AGEIA PhysX(TM) technologies for its titles, including the upcoming Rondo
Projects.
"AGEIA's PhysX technologies allow us to replace simple iterations of pre-
defined movements and reactions created with animation with physically-enabled
moving, interactive worlds," said Seiichi Hori, CTO of GungHo Online
Entertainment .

AGEIA seeks to ignite innovation in the games industry by working with
leading developers , publishers, add-in board vendors and console manufacturers
to deliver the next generation of physically immersive entertainment.

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FUNimation Films is another phase in FUNimation's strategy to
grow the anime community and bring quality anime to entertainment audiences
throughout the United States.
The company is led by one of the most respected teams in worldwide animation,
Paul Sabella and Jonathan Dern, former co-heads of MGM Animation., Ltd.E Online is based on
adventures through seven planets .

About Trigger Soft
Trigger Soft Corporation was established in 1995.

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The Bigger Picture's release program provides fans with an
opportunity to enjoy new movies on the big screen on a regular basis. In May, FUNimation Films will
be previewing another GONZO creation known as Trinity Blood.36 billion (approximately
US$1. Online.O.kr.

Japanese Online Game Powerhouse GungHo Supports AGEIA PhysX Technologies

is a fabless semiconductor company and the
pioneer of hardware-accelerated physics for games.ageia.

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"
"Our partnership with FUNimation for new anime in theatres will help bring
anime even more into the mainstream," adds Jonathan Dern, co-CEO of The Bigger
Picture, "while the communal nature of the in-theatre experience is much like
that of a fan convention. Online , an online game
distributed by GRAVITY."
Kwan Shik Seo, Gravity's CFO, added, "As the popularity of R.E.E. We believe that our acquisition of the
controlling interest in Trigger Soft will result in substantial improvement in
the promptness of future updates and the quality of services. Actual results may differ materially from those discussed
in, or implied by, the forward-looking statements .

About AGEIA
AGEIA(TM) Technologies, Inc. Its flagship product, the
PhysX processor , is the world's first dedicated physics processing unit -- a
completely new hardware category.

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