FUNimation Acquires “Robotech: The Shadow Chronicles” Feature Film from Harmony Gold 

Fort Worth, TX, August 2, 2006 — FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation and the market share leader for home video sales of Japanese animation in the United States, announced today that it has acquired rights to the feature film “Robotech: The Shadow Chronicles” from Harmony Gold. In the agreement, FUNimation acquired home video, broadcast and theatrical rights to this movie that delivers the continuation that fans have been anticipating for 20 years.

“Robotech is the series that introduced an entire generation to anime,” said Gen Fukunaga, president and CEO of FUNimation. “It captured fans with its tremendous storylines and great storytelling. The Robotech series also ended on a cliffhanger that left fans waiting for 20 years. FUNimation is very excited to be part of the team that will bring expectant fans the ending they have been waiting for in Robotech: The Shadow Chronicles.”

“While I watched over Robotech for the past twenty years, we were met with boundless enthusiasm from fans and companies alike,” explained Frank Agrama, executive producer and CEO of Harmony Gold. “Robotech has a timeless quality that will live on forever. Then when I met this enthusiastic leader named Gen from FUNimation, I knew he had the right energy to help us take it twenty more years into the future.”

Robotech: The Shadow Chronicles, is the latest exciting chapter of the Robotech saga. A heroic cast of returning characters, led by Scott Bernard and Vince Grant, fight to end a decades-long struggle against an enigmatic alien race known as the Invid. However, the mysterious disappearance of the legendary Admiral Hunter will unfold in a treacherous mystery that could tear apart our young heroes and threaten their very survival!

Tommy Yune, director of Robotech: The Shadow Chronicles, explains, “Beneath the mesmerizing science fiction and anime world of Robotech, lies a palette of endearing characters that have become a part of the lives of countless fans. We couldn’t leave their story unfinished. It’s about time for Robotech to open this new chapter and more!”

Featuring the voices of Mark Hamill (Star Wars) and Chase Masterson (Star Trek: Deep Space Nine), the animation of Robotech: The Shadow Chronicles also takes a generational leap into the future through a technological marriage of CG graphics beautifully composited with vibrant anime characters. The heightened production values showcase high-definition video, 5.1 digital surround sound, and an incredible musical score performed by the Prague Philharmonic Orchestra. FUNimation plans to release the Robotech: The Shadow Chronicles DVD on November 21, 2006.

About Harmony Gold:
Harmony Gold has been active in the production, acquisition and distribution of quality programming worldwide since its inception in 1983, producing some of the television industry’s classic and history-making programs. Visit harmonygold.com or robotech.com for additional information.

About FUNimation Entertainment:
FUNimation® Entertainment, a wholly-owned subsidiary of Navarre Corporation (NASDAQ: NAVR), is the leading company for home video sales of Japanese animation in the United States. The company’s most recent initiative is the FUNimation ChannelSM, a new, 24-hour digital network featuring programming from the top anime brands in the United States. 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. For images, or more information on FUNimation or any of its properties, contact Jeff Dronen at 817-788-0627, ext. 251 or jeff.dronen@funimation.com.