Adam Rifkin Pens, Helms & Plays Early Man in "National Lampoon's Homo Erectus".

LOS ANGELES -- National Lampoon, Inc. (AMEX:NLN), the most widely recognized brand in comedy, today announced it has acquired worldwide rights to Adam Rifkin's Homo Erectus.

The picture, produced in association with National Lampoon, Burnt Orange Productions and the University of Texas Film Institute, will be released this fall as National Lampoon's Homo Erectus.

Written by, starring and directed by Adam Rifkin (Underdog, Mousehunt, Detroit Rock City), the film is scheduled for theatrical release in September 2007. Film also stars Ali Larter (Heroes, Final Destination) as Rifkin's love interest. The cast additionally features Hayes MacArthur (The Game Plan, Atlanta), David Carradine (Kill Bill, Big Stan), Gary Busey (Lost Highway, The Firm) and Talia Shire (Blue Smoke, I Heart Huckabees).

The film was produced by Brad Wyman (Monster, Freeway) and Carolyn Pfeiffer (The Quiet) with Tom Schatz serving as executive producer on the project.

Homo Erectus is a prehistoric comedy that follows the exploits of the hapless Ishbo (RIFKIN), a philosophical caveman who yearns for more out of life than sticks, stones, and raw meat. Larter plays his unrequited love interest who is never impressed with Ishbo's inventions such as the toilet, the spoon, and pants. Even though he is single-handedly striving to advance the human race, Ishbo continually irritates his fellow Neanderthals who write off his absurd gizmos and forward thinking ideas as the ravings of an idiot.

"We are thrilled to be partnering with the likes of Brad and Adam on such a unique and exciting feature for National Lampoon," said Tom Daniels, President of Worldwide Distribution at National Lampoon. "These are the kind of filmmakers that we look forward to being in business with."

"Having National Lampoon's stamp of approval is a lifetime dream come true," Says Rifkin, "One of my favorite movies of all time is National Lampoon's Animal House, Homo Erectus being a part of that legacy of film comedy is an honor beyond words!"

Home Erectus has already garnered praise from the likes of Entertainment Weekly, Cinemablend and IndieWire.

Rifkin recently penned the superhero tent pole Underdog for Disney, previous writing credits include Small Soldiers and Mousehunt. As a director he helmed the critically acclaimed movies The Chase, starring Charlie Sheen, Detroit Rock City and the cult classic Dark Backward. Most recently his film Look was awarded the Grand Jury Prize at CineVegas Film Festival 2007.

Homo Erectus will receive theatrical distribution under National Lampoon Releasing and home video distribution through National Lampoon Home Entertainment.

About National Lampoon

National Lampoon, Inc. (AMEX:NLN) has been a dominant force in the US comedy world for almost 30 years and is currently active in a broad array of media and entertainment segments, including feature films, television programming, online and interactive entertainment, home video, audio CDs 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: Entertainment Division, College Marketing Division, and a distribution arm National Lampoon Networks, providing content traditionally through its College TV network and across new media through multiple in-house digital platforms including the broadband channel Toga TV.com, the National Lampoon video channel on AOL, and the National Lampoon Humor Network - the most trafficked humor sites on the web - along with multiple other outlets housed on its online comedy website www.nationallampoon.com

About Burnt Orange Productions - Burnt Orange Productions, LLC, is a for-profit production company that produces low-budget independent feature films. Launched in 2003, Burnt Orange Productions works in close collaboration with the University of Texas Film Institute (UTFI), a program developed to train students in narrative and digital filmmaking. This unique partnership was established to provide UT students with the opportunity to work alongside industry professionals on independent feature films while gaining specialized hands-on experience in all aspects of filmmaking in an effort to enhance their existing film education.