///Corporate

BRAVADO APPOINTS DEANE MARCUS TO GENERAL MANAGER IN THE U.S.

New York, New York, September 27, 2010 - Bravado, the world's leading global music merchandising company, has appointed Deane Marcus to General Manager of the company’s U.S. operations, it was announced today by Tom Bennett, Chief Executive Officer of Bravado and to whom Mr. Marcus will report.

"We’re delighted that Deane has joined the Bravado family" stated Mr. Bennett. "The breadth of his experience and track record of success will be invaluable as we continue to expand and diversify our great company."

"It speaks volumes that in such challenging economic times for both the music and retail industries, Bravado has emerged as a jewel in Universal Music Group’s portfolio of music labels and companies," added Mr. Marcus. "I’m very excited to join the company as they continue to redefine music merchandising and raise the bar for the rest of the industry."

Most recently, Mr. Marcus worked at Sony Music Entertainment, initially as Senior Vice President of Operations for the Zomba Label Group (including Jive, LaFace, Volcano and Verity Records), where he was responsible for operations, business development, finance and administration. He was later promoted to Executive Vice President of New Ventures for the RCA/JIVE Label Group (encompassing Jive, Zomba, RCA and J Records). In this role, Mr. Marcus was responsible for developing RCA/JIVE’s 360 rights’ businesses, launching and overseeing the group’s merchandising, music publishing and film & television activities.

Prior to joining Sony, he was Senior Vice President, Strategic Planning & Business Development for Warner Music Group from 1994 to 2003. Mr. Marcus’ extensive background also includes positions in investment banking at Alpine Capital Group and Mabon Securities Corp. He has also founded his own real estate company and worked in various financial positions for CBS Inc. and CBS Records Group.

About Bravado

Bravado, the only global, 360° full service merchandise company, develops and markets high-quality licensed merchandise to a world-wide audience. The company works closely with new & established entertainment clients, creating innovative products carefully tailored to each artist or brand. Product is sold on live tours, via selected retail outlets and through web-based stores. Bravado also licenses rights to an extensive network of third party licensees around the world. The company maintains offices in London, Los Angeles, New York, Berlin, Paris, Madrid, Stockholm, Tokyo and Sydney. Now under the Universal Music Group umbrella, Bravado is able to leverage a global sales and distribution network from the world's largest record company, as well as the group's significant marketing strength. In addition to Michael Jackson, Bravado artists include The Rolling Stones, Lady Gaga, Justin Bieber, Beyonce, Paul McCartney, Kanye West, No Doubt, Nickelback, Katy Perry, Elton John, Guns 'N Roses, Metallica, Led Zeppelin, Green Day and The Killers, among many others.

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