Corgi International Limited Going Concern Modification.

HONG KONG -- Corgi International Limited (NASDAQ: CRGI) a marketer and manufacturer of die-cast collectible products under its own brand, announced today that its financial statements for the fiscal year ended March 31, 2006 contain a going concern modification.

As noted in the company's report on Form 20-F filed on September 1, 2006, and as required under applicable NASDAQ rules, the company notes that its financial statements for the fiscal year ended March 31, 2006 contain a going concern modification from its independent accounting firm, KPMG. Further information regarding the going concern modification can be found in the company's report on Form 20-F filed with the Securities and Exchange Commission on September 1, 2006.

About Corgi International

Corgi International, based in Hong Kong, sells die-cast collectible products under its own brand. In the U.S., the company is known as Corgi USA. Corgi also produces high quality die-cast and plastic products for multi-national companies that market collectible or gift items worldwide. Corgi has a high-volume manufacturing operation in China and sales offices worldwide. Retailers and consumers interested in more information can call 1-800-800-CORGI, or visit the company's website at: http://www.corgi-international.com.