Krome Studios, DPS Film Roman Partner to Bring Ty the Tasmanian Tiger to Animation

Brisbane, Australia / North Hollywood, CA - July 15, 2004 – Krome Studios, one of the largest independent game development studios in the world, announced today that it has joined forces with DPS Film Roman, an IDT Entertainment Company and the leading animation company known for the hit shows "The Simpsons" and "King of The Hill," to create television and DVD productions featuring the characters from the best-selling videogame "TY the Tasmanian Tiger." The videogame series has sold well in excess of a million units worldwide. IDT Entertainment is a subsidiary of IDT Corporation (NYSE: IDT, IDT.C), a multinational telecom, entertainment and technology company.

"This is an incredible opportunity for the 'TY the Tasmanian Tiger' franchise," said Robert Walsh, chief executive officer of Krome Studios. "The light-hearted humor and mad-cap adventures of the games will be brought to a new medium and wider audience. With DPS Film Roman's experience breathing life into animated stars such as Hank Hill to Homer Simpson, our boomerang-wielding Tasmanian tiger has prestigious company."

"The partnership between Film Roman and Krome Studios shows the true strength of this original IP. "TY the Tasmanian Tiger" and his mates now join the elite few that have made the transition from the interactive entertainment industry to other entertainment mediums," said Walsh.

"We are always looking to work with unique characters with global appeal, and the characters from 'TY the Tasmanian Tiger' are superstars," added DPS Film Roman Chief Executive Officer John Hyde. "It is rare to have videogame characters developed for the pre-teen market that are suitable for the crossover, but when they do, it can be a phenomenon. We see this as an opportunity to grow an established character beyond its gaming fan base."

A character-based action adventure game, "TY the Tasmanian Tiger" takes players through stunning animated 3D environments set in the land down under, with players embodying TY as he overcomes his past to save his family. Krome Studios is currently developing the highly anticipated sequel "TY the Tasmanian Tiger 2: Bush Rescue." It is scheduled for release this fall for the PlayStation2 computer entertainment system, the Xbox video game system from Microsoft, Nintendo GameCubeTM, and Game Boy Advance.

About DPS Film Roman

DPS Film Roman, currently celebrating its 20th anniversary, is the leading independent animation company known for the hit shows "The Simpsons" and "King of The Hill, " as well as Free For All, the first hi-definition animated series produced for air. Film Roman also produces Saturday morning and syndicated kids' animation, including the current top-rated series "X-Men: Evolution." The award-winning studio is also co-producing the 3D series "Tripping the Rift" in association with the Canadian studio CineGroupe. Since its founding in 1984 by Phil Roman, the Company has won nineteen Emmy awards, and delivered several successful animated series to broadcasters worldwide. Among those shows are such well-loved classics as "Garfield and Friends," "Bobby's World," "Felix the Cat," "Mortal Kombat," "C-Bear" and "Jamal and Bruno the Kid." A majority share of DPS Film Roman is owned by IDT Entertainment. Other IDT Entertainment companies are Mainframe Entertainment, Digital Production Solutions (DPS) and Anchor Bay Entertainment.

About Krome Studios

With more than 130 employees, Krome Studios is one of the leading independent developers in the world and the largest game development studio in Australia. Founded in 1999, the studio is best known for the development of their hit game "TY the Tasmanian Tiger," which has sold more than 1.3 million units worldwide and is the best selling game in Australia of all time. Currently in development at Krome Studios is the much anticipated video game, "King Arthur" (to be published by Konami Digital Entertainment - America, division of Konami Digital Entertainment, Inc., and Buena Vista Interactive, a publishing label of Buena Vista Games, Inc.)

Krome Studios has shipped more than a dozen titles, including "Sunny Garcia Surfing," "Championship Surfing," "Extremely Goofy Skateboarding," "Barbie Beach Vacation," "Jimmy Neutron: Jet Fusion" and "TY the Tasmanian Tiger."

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