National Lampoon Inks VOD Deal with Reel Time

LOS ANGELES--(BUSINESS WIRE)--National Lampoon (AMEX:NLN) today announced that ReelTime Rentals, Inc. (Pink Sheets:RLTR) has acquired the rights to current and future National Lampoon distribution titles. The multi-picture deal features such movies as “National Lampoon Presents Electric Apricot: Quest for Festeroo,” “National Lampoon Presents Jake’s Booty Call” and “National Lampoon Presents One, Two, Many”. The movies will be offered on ReelTime.com.

“Bringing National Lampoon’s rich library to ReelTime.com further attracts several of the key demographics that RLTR is targeting, including the young male sector”

"We are delighted to expand National Lampoon’s foray into the internet VOD marketplace space by partnering with ReelTime.com for the distribution of our titles in the US,” said Tom Daniels, President of Worldwide Distribution for National Lampoon. “Having ReelTime Network as VOD partner gives Lampoon fans another convenient platform on which to watch our movies, and ensures our titles will be seen throughout America."

“Bringing National Lampoon’s rich library to ReelTime.com further attracts several of the key demographics that RLTR is targeting, including the young male sector” said Dave Craddick, Business Development Manager of ReelTime. “It is ReelTime’s intent to leverage the experience that this partnership brings to further our footprint in the VOD marketplace.”

National Lampoon will release up to twelve titles per year comprised of four original movies and up to eight acquisitions. Distribution will be handled independently by National Lampoon, with some titles having broader distribution in partnership with major studios. Upcoming releases from National Lampoon include RoboDoc, Dirty Movie and Barstarz slated for release in 2009.

About ReelTime Rentals, Inc.:

ReelTime Rentals’ mission is to deliver diverse programming, for rental or by subscription, over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the first DVD quality "Point, Click, and Watch" user experience available on the World Wide Web. ReelTime is providing the public the next generation of online viewing technology, designed with the built in capacity for unlimited growth. ReelTime Rentals can be found on the internet at www.reeltime.com.

About National Lampoon

National Lampoon, Inc. (AMEX:NLN) has been a dominant force in the US comedy world for almost 40 years, and is currently active in a broad array of media and entertainment segments. These include feature films, television programming, online and interactive entertainment, home video, audio, and book publishing. The Company also owns interests in all major National Lampoon properties, including National Lampoon’s Animal House, the National Lampoon Vacation series and National Lampoon’s Van Wilder. National Lampoon reaches nearly one in four of all 18 to 24 year old college students in America today. The Company has three core operating divisions: National Lampoon Films, which includes production along with theatrical and video distribution of feature films; College Marketing Division; and National Lampoon Networks, providing humor content through a number of platforms. These include its National Lampoon College TV network, the National Lampoon Humor Network - the most trafficked humor sites on the web, Toga TV.com - the company’s broadband channel, the Drunk University Network, the new ZAZ Network, and the National Lampoon Video Network, which includes channels on YouTube, AOL, Yahoo, Joost, and a number of digital video platforms across the Internet. These are all anchored by the award winning comedy website www.nationallampoon.com.