"I am pleased that EMAK's transformational actions have been implemented successfully, and we are now better positioned to return to meaningful profitability and sustained growth," Jim Holbrook, EMAK's Chief Executive Officer, wrote in his letter to shareholders. "I still see much work ahead for the leadership team and all employees at EMAK, but we're on the right path to build a truly great family of marketing agencies."

The timely posting of audited financials is in keeping with management's desire to remain transparent to investors and to support the trading of EMAK's common stock. Separately, EMAK will commence the mailing of its 2009 proxy materials in preparation for its annual meeting which will be held on Tuesday, June 9, 2009 at the Company's headquarters in Los Angeles at 10:00 a.m. Pacific Time.

Investors are advised that the Company will be mailing hard copies of the proxy materials only and will not include the 2008 audited financial statements in order to save costs and reduce waste. Shareholders may request a hard copy of the 2008 audited financials by contacting Investor Relations via e-mail at investors@emak.com, by phone at (323) 932-4300, or by writing to the Company at the address below.

EMAK Worldwide, Inc.
Attn: Investor Relations
6330 San Vicente Boulevard
Los Angeles, CA 90048

About EMAK Worldwide, Inc.

EMAK Worldwide, Inc. is the parent company of a family of marketing services agencies including Equity Marketing, Logistix, Neighbor and Upshot. Its agencies are experts in "consumer activation" by offering strategy-based marketing programs that directly impact consumer behavior. The agencies provide strategic planning and research, consumer insight development, entertainment marketing, design and manufacturing of custom promotional products, kids marketing, event marketing, shopper marketing and environmental branding. The Company's blue-chip clients include Burger King Corporation, Kellogg, Kohl's, Kraft, Macy's, Miller Brewing Company, Procter & Gamble and Safeway, among others. Headquartered in Los Angeles, EMAK has offices in Chicago and Hong Kong. More information about EMAK Worldwide is available on the Company's website at www.emak.com.

Certain expectations and projections regarding the future performance of EMAK Worldwide, Inc. discussed in this news release are forward-looking and are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These expectations and projections are based on currently available competitive, financial and economic data along with the Company's operating plans and are subject to future events and uncertainties. Management cautions the reader that the following factors, among others, could cause the Company's actual consolidated results of operations and financial position in 2009 and thereafter to differ significantly from those expressed in forward-looking statements: the Company's dependence on a single customer; the significant quarter-to-quarter variability in the Company's revenues and net income; the Company's dependence on the popularity of licensed entertainment properties and the ability to license, develop and market new products; the Company's dependence on foreign manufacturers; the Company's need for additional working capital; the negative results of litigation, governmental proceedings or environmental matters; and the potential negative impact of past or future acquisitions. The Company undertakes no obligation to publicly release the results of any revisions to forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The risks highlighted herein should not be assumed to be the only items that could affect the future performance of the Company

SOURCE: EMAK Worldwide, Inc.

EMAK Worldwide, Inc.
Media and investor inquiries:
Michael Sanders
SVP and Chief Financial Officer
323-932-4324