OFFICIAL PRESS RELEASE

New York, NY - Marvel Enterprises, Inc. (NYSE: MVL) has promoted Joe Quesada to Editor-In-Chief of Marvel Comics. The announcement was made today by Bill Jemas, Marvel's President of Publishing, Licensing & New Media.

Recognized in the industry as one of today's premiere comic book editors and creators, Mr. Quesada is charged with guiding the editorial direction for Marvel's world renowned superhero franchises, including Spider-Man, X-Men, The Fantastic Four and The Hulk. He takes over the reigns after serving as the editor-in-chief of the Marvel Knights imprint for the past two years. During that time, Mr. Quesada turned Marvel Knights into a lightening rod for talent, attracting such well-known writers and artists as Kevin Smith, Bob Gale, Brian Bendis, Grant Morrison, Garth Ennis, Paul Jenkins, Jae Lee and Mark Millar. His editorial accomplishments with Marvel Knights include revitalizing The Punisher and Daredevil series and turning them back into top sellers for the company.

"We are dedicated to fulfilling our mission as the `House of Ideas' and feel that Joe is the perfect visionary to achieve this lofty standard. Joe's accomplishments speak for themselves. He is a creative genius, a gifted recruiter and manager of talent, and has experience in all facets of the comic world. We will be looking to him to bring to our entire line the same level of creativity that has turned Marvel Knights into an award-winning and top-selling imprint," said Mr. Jemas.

Quesada, who currently resides in New York City and in Sparta, NJ, has done work for every major comic book company -- including DC, Dark Horse, Image, Valiant and Topps -- during his award-winning career. Prior to joining Marvel, he helped launch Event Comics whose flagship character Ash - a firefighter who is also a superhero -- was an immediate best-seller and has been optioned to Steven Spielberg's Dreamworks to become an animated feature.

Further underscoring its commitment to the company's core publishing business, Marvel also announced it has created an internal editorial board whose mission will be to develop a unified editorial content direction for all of Marvel Enterprises. Made up of Mr. Quesada, Mr. Jemas and Frank Fochetta, Senior Vice President of Publishing, the editorial board will work closely with Marvel's Chief Creative Officer and Marvel Studios CEO Avi Arad to assess the company's publishing programs on a regular basis. In addition to the main superhero comic lines directed by Mr. Quesada, the board will also evaluate third party publishing opportunities to be overseen by Mr. Fochetta, and new media content initiatives to be spearheaded by Mr. Jemas.

Former Marvel Comics editor-in-chief Bob Harras is expected to remain with the company as an editorial advisor on high-profile special projects.