The High-Tech Action-Packed IRON MAN: ARMORED ADVENTURES is Set for a Second Season!

HYDERABAD, India, March 2, 2010 -- DQE, the animation, gaming, live action entertainment Production and Distribution Company, in collaboration with their co-production partners Marvel Animation and Method Animation, are pleased to announce they will co-produce 26 all-new episodes for a second season of the popular animated series Iron Man.

The first season of Iron Man: Armored Adventures debuted in the United States on Nicktoons Network in April 2009 to both critical and audience acclaim, with the hour-long premiere event becoming the highest rated original series premiere in Nicktoons history. While the incredibly successful first season continues to air on broadcasters throughout the world, DQ Entertainment, Marvel Animation and Method Animation have announced they will co-produce 26 all-new episodes for a second season of the popular animated series at a multi million Euro production budget.

Tapaas Chakravarti, Chairman & CEO of DQE said, "This Marvel Super Hero - Iron Man - has emerged as one of the most popular Super Heroes of our time. Season 2 of this animated TV series will take Iron Man fans on a very different visual trip of high action sequences produced in high end CGI. We're extremely proud of this project, and look forward to adding further momentum to our relationship with Marvel Animation and Method Animation."

Aton Soumache, Chairman & CEO of Method Animation stated, "We are very proud to renew our fruitful collaboration with Marvel Animation and DQE for Iron Man: Armored Adventures season 2. These new adventures will provide even more stunning visual effects and entertainment for the delight of all Iron Man fans."

Eric Rollman, President of Marvel Animation stated, "With the premiere season cherished by fans of all ages across the globe, we are thrilled to work with DQE and Method to bring season two of Iron Man: Armored Adventures to our loyal fans. We have a lot more action and excitement."

About Iron Man:

The first season of Iron Man: Armored Adventures was celebrated for its spectacular CGI animation and incredible action with Entertainment Weekly commenting Iron Man: Armored Adventures contains "smart writing and stellar CG butt-kickery". The second season of Iron Man: Armored Adventures will take the action and visual effects to the next level as Marvel Animation continues to tell the story of the exploits of Marvel's high-octane Super Hero, Iron Man. This exciting series introduces young Tony Stark, an heir to the billion-dollar corporation Stark International. After tragedy strikes, the teenage Tony begins using his suit of invincible armor and technical know-how to protect those who would also fall prey to tragedy, corruption and conspiracy! He is a new hero for the digital age, a mechanized knight in ever-evolving, adaptable armor. He is...IRON MAN! Following the worldwide sensation of the Iron Man movie, which generated $585 million worldwide, and the upcoming May release of Iron Man 2, the excitement and awareness of the beloved character is bigger and better than ever.

About DQE

DQE is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. With a workforce of over 2800 permanent employees and a global client - partner base of over 90 producers, distributors, broadcasters and licensors including Walt Disney Television Animation, Nickelodeon Animation Studios Inc., Electronic Arts, Marvel Comics, American Greetings, NBC-Universal, BBC Group, M6/ France TV/ TF-1 Broadcasting groups from France, ZDF Germany and many more world-wide.

DQE has produced/co-produced and distributed iconic brands such as Iron Man - the first 3D animated TV series, Twisted Whiskers, Mikido, Casper, Pinky & Perky, second season of Large Family, third season of Mickey Mouse Clubhouse and is now producing properties like Little Prince and Little Nicolas. DQE has a library of over 350 hours of international programs for distribution.

DQE is also developing and producing 'The Jungle Book' as a 52 episode animated series and a 60 minute TV feature, Toomai-The Elephant Boy which is a live action TV series as well as Indian IPs which are on production like Mysteries of Feluda, and Omkar.

DQE is currently developing, in collaboration with French production companies Method Animation and MK2, animated 104 six-minute episodes for worldwide distribution and exploitation inspired by the legendary film icon Charlie Chaplin's Hollywood films.

DQE has received recognition and awards at several national and international forums. such as the EMMY Award and several nominations at the EMMY awards, The Pulicenella Award at Cartoons on the Bay international festival, Red Herring top 100 Private Companies in Asia 2005, ISO 9001: 2000 certification by M/s. Det Norske Veritas, Netherlands and several others.

DQE's production facilities are based in Hyderabad, Mumbai and Kolkata and it has international sales representatives in Los Angeles, Paris and Tokyo.

About Marvel Entertainment

Marvel Entertainment, LLC, a wholly-owned subsidiary of The Walt Disney Company, is one of the world's most prominent character-based entertainment companies, built on a proven library of over 5,000 characters featured in a variety of media over seventy years. Marvel utilizes its character franchises in licensing, entertainment (via Marvel Studios and Marvel Animation) and publishing (via Marvel Comics). Marvel's strategy is to leverage its franchises in a growing array of opportunities around the world, including feature films, consumer products, toys, video games, animated television, direct-to-DVD and online. For more information visit http://www.marvel.com.

DISCLAIMER:

DQ Entertainment Ltd is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Red Herring Prospectus with Registrar of Companies (ROC), Hyderabad. The Red Herring Prospectus will be available on the website of SEBI at http://www.sebi.gov.in, the website of the Book Running Lead Manager at http://www.sbicaps.com, and the website of the Company at http://www.dqentertainment.com.

This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1993.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled "Risk Factors" of the Red Herring Prospectus, which has been filed with the Registrar of Companies.