MARVEL EXTENDS STOCK REPURCHASE PROGRAM

CHAOS! & DEVIL'S DUE???

press release:

EVIL COMES HOME TO DEVIL’S DUE
Chaos’s Evil Ernie takes on Cassie and Vlad in HACK/SLASH vs. EVIL ERNIE


Chicago, IL -- May 9, 2005 -- The most deadly, powerful, metal-loving killer of all---Evil Ernie---comes to Hack/Slash this June from Devil’s Due Publishing. It was only a matter of time before the legendary Evil Ernie found out about Cassie Hack, the not-to-be-intimidated slasher killer who’s taken on deranged lunch ladies, crazed catholic schoolgirls and even homicidal comic book fans. But how can Cassie and Vlad defeat a killer who can raise the dead and unleash arcane energies? HACK/SLASH vs. EVIL ERNIE tells the tale of horror, death, mayhem and…love.



The $4.95, 48-page one-shot is written by Tim Seeley, with art by Aadi Salman (whose previous credits include Silent Hill: Dying Inside); Seeley provides the cover.



“When we had the chance to team up with characters from Chaos!, how could we refuse?” said Josh Blaylock, president of DDP. “Tim came up with a great story and we not only think fans of Hack/Slash and Evil Ernie will enjoy the read, but readers who’ve never experienced either book will find something new to love.”



The acclaimed Hack/Slash series has showcased the exploits of Cassie Hack and Vlad in the one-shots “Euthanized”, “Girls Gone Dead”, and “Comic Book Carnage”. Those titles and HACK/SLASH vs. EVIL ERNIE are each available from comic book shops everywhere.



Devil's Due. Reminding everyone that pop culture IS our culture.



ABOUT DEVIL'S DUE PUBLISHING (DDP)

Devil's Due Publishing was formed in 1999 as both a commercial art studio and a small press comic book publisher. DDP's first breakout success was 2001's revamp of G.I. JOE, returning the long-lost 1980s characters to comics. Fans bought over 100,000 copies per month, immediately propelling G.I. JOE to the top of the charts. Today, DDP's lineup includes Army of Darkness, Street Fighter, Hack/Slash and the Aftermath universe, a new imprint featuring super-powered heroes in titles like Defex, Breakdown, Blade of Kumori and Infantry.



ABOUT CHAOS! COMICS
Chaos! Comics was the leading horror comic book publisher of the 1990s. In 2005, Chaos! Comics is resurrected under new ownership. Chaos! Comics is dedicated to bringing the best in horror and supernatural stories to the comic book industry.

MARVEL EXTENDS STOCK REPURCHASE PROGRAM

press release:
Marvel Enterprises, Inc., a global entertainment and licensing company, announced today that its Board of Directors has authorized an additional $150 million to be utilized in Marvel's common stock repurchase program and extended that program to June 30, 2006.

As of May 10, 2005, Marvel had approximately $13 million remaining under its initial $100 million stock repurchase authorization. Giving effect to today's authorization, Marvel now has a total of approximately $163 million authorized for share repurchases. Marvel currently has cash and short-term investments in excess of $200 million.

Morton E. Handel, Chairman of Marvel's Board of Directors, commented, "Marvel's strong cash position and our expectations for continued strength in our business and our annual cash flows are the attractive byproducts of our unique, risk-averse, business model. Given these factors, Marvel's Board of Directors continues to believe that share repurchases represent an excellent use of capital that should enhance shareholder value over the long term. Accordingly, the Board felt it should act ahead of the completion of our initial $100 million repurchase authorization so that Marvel would be able to continue to pursue repurchase transactions as market conditions permit."

Pursuant to the authorization, Marvel may purchase shares from time to time in the open market or through privately negotiated transactions. Marvel has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares to be purchased will depend on the performance of Marvel's stock price and market conditions.

Marvel's Chief Executive Officer, Vice Chairman and largest stockholder, Isaac Perlmutter, has agreed to continue not to sell any of his shares of Marvel stock while the expanded repurchase program is in effect. Mr. Perlmutter had previously agreed, when the initial $100 million stock repurchase program was authorized in July, 2004, not to sell any of his shares of Marvel stock until that initial authorization was completed.