JAKKS Pacific, Inc. Awarded "Vendor of the Year” by Wal-Mart

JAKKS Pacific, Inc. (Nasdaq: JAKK) announced today that the Company received the Wal-Mart "Vendor of the Year Award” for the second time. Wal-Mart, one of the nation’s largest retailers, recognized JAKKS, and its Creative Designs International™ (CDI) and Play Along divisions, as its most valued toy partners for 2008.

"We accept the "Vendor of the Year Award” from Wal-Mart with a deep sense of pride and honor,” said Stephen Berman, Co-Chief Executive Officer and President, JAKKS Pacific. "We truly believe that the many years of partnership between JAKKS, its CDI and Play Along divisions, and Wal-Mart have been instrumental in the success of both companies in bringing innovative products to children around the world. We have an exciting roster of value-driven products and exclusive programs for loyal Wal-Mart customers slated for this year and beyond.”

Berman continued, "The Wal-Mart "Vendor of the Year Award” is about excellence in all areas of business and we strive to exemplify all the qualities that are key to making our business a success - professionalism in service, on-time shipping, and consistently high quality products. We look forward to working with Wal-Mart for many years to come.”

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer and marketer of toys and consumer products, with a wide range of products that feature some of the most popular children's toy licenses in the world. JAKKS’ diverse portfolio includes Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories, sold under various proprietary brands including JAKKS Pacific®, Child Guidance®, Color Workshop®, Creative Designs International™, Disguise™, EyeClops®, Flying Colors®, Funnoodle®, Girl Gourmet™, Go Fly a Kite®, JAKKS Pets™, Kids Only®, Pentech®, Play Along®, Plug It In & Play TV Games™, Road Champs® and Tollytots®. JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Cabbage Patch Kids, Disney, Graco®, Nickelodeon, Ultimate Fighting Championship, Warner Bros., World Wrestling Entertainment. JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games. For further information, visit www.jakks.com.

This press release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.

© 2009 JAKKS Pacific, Inc.