Battery Packs for Toy Vehicles Recalled by JAKKS Pacific, Inc.

MALIBU, Calif. -- JAKKS Pacific, Inc. (Nasdaq:JAKK), working in voluntary cooperation with the U.S. Consumer Product Safety Commission, today announced a recall of Battery Packs (black-colored) for its Fly Wheels[TM] XPV Xtreme Performance Vehicle[R] toy. (To access color photos of the recalled product, see www.XPV.com)

Not part of the recall are the actual XPV Xtreme Performance vehicle toy itself, the charger, and white or gray Battery Packs. Consumers should stop using the recalled black Battery Packs immediately.

The black Battery Packs are used to power the XPV toy vehicles that shipped in 2006. Approximately 245,000 black Battery Packs were sold, and to date JAKKS Pacific[TM] has received 32 reports of the batteries malfunctioning, which have led to melting or catching fire while charging. Twenty-four were reports of property damage to flooring, seats or walls, and three reports were of minor burns to fingers.

The black Battery Packs were sold at retail either with a charger (item number 73904) for about $29 or packaged together with the radio-controlled XPV toy (item number 73906) for about $79-$89. Item numbers are printed on the product's packaging above the barcode label. The black Battery Packs are marked with "Fly Wheels," "XPV" and "JAKKS Pacific."

To receive a free replacement Battery Pack, contact JAKKS Pacific Consumer Relations toll-free at [phone] between 7:30 a.m. and 4:30 p.m. Pacific time, Monday through Friday, or email the Company at [e-mail] with your name, address, phone number and email address.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ:JAKK) is a multi-brand company that designs and markets a broad range of toys and consumer products. The product categories include: Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories. The products are sold under various brand names including JAKKS Pacific[R], Play Along[R], Flying Colors[R], Creative Designs International[TM], Road Champs[R], Child Guidance[R], Pentech[R], Trendmasters[R], Toymax[R], Funnoodle[R], Go Fly a Kite[R], Color Workshop[R], JPI[TM] and Plug It In & Play TV Games[TM]. JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games. For further information, visit www.jakkspacific.com.

This press release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.

[c]JAKKS Pacific, Inc. All rights reserved.