Corgi International Limited Closes Merger With Master Replicas Inc.

Corgi International Limited (Nasdaq GM: CRGID) today announced that the merger with Master Replicas Inc. has closed. Michael Cookson and Jennifer Klatt of Master Replicas Inc. have been named CEO and CFO, respectively, of Corgi.

Cookson commented, “The new Corgi combines three high quality brand names (Corgi Classics, Master Replicas, and Cards Inc.) into a single entity that expands the depth of its licenses, its collectible categories and its range of products.”

The new Corgi now holds licenses for many of the highest grossing film franchises of all time including Batman, Disney Classics, Harry Potter, James Bond, Lord of the Rings, Pirates of the Caribbean, Star Trek, Star Wars, Superman, and others.

The company will be developing unique, collectible products under three brands. New products will begin arriving at retail in the spring of 2007 for Harry Potter, Pirates of the Caribbean, Star Wars 30th Anniversary, and Transformers and in the fall of 2007, for The Golden Compass.

Corgi Classics will focus on collectible die cast vehicles and figurines, Master Replicas will continue to develop and produce movie prop replicas and high end collectibles, and a third brand will develop licensed products for the gift and toy channels.