JAKKS Pacific Partners with SKECHERS to Launch Twinkle Toes Toys and Other Products Inspired by the Global Lifestyle Footwear

Leading U.S. toy manufacturer JAKKS Pacific, Inc. JAKK announced a long-term licensing agreement with SKECHERS USA, Inc. SKX, a global leader in the performance and lifestyle footwear industry, to manufacture, distribute and market a line of toys and products inspired by the SKECHERS lifestyle and entertainment brand, and the Twinkle Toes children's footwear brand. The agreement encompasses multiple product categories including collectibles, dress-up and role play, JAKKS' miWorld™ line of miniature play environments, and a line of SKECHERS Twinkle Toes themed Cabbage Patch Kids®, which will launch in June. Under the agreement, JAKKS will launch a miWorld SKECHERS playset, allowing girls to build and design their very own SKECHERS mini replica store, and play in ways that are authentic to the lifestyle footwear brand. The SKECHERS playset will be compatible with the miWorld Mall DreamPlay app, which utilizes patented iD recognition technology to bring the miWorld playsets to life on smartphone and tablet devices. Unique augmented reality experiences brought to life by the app allows girls to interact with their miWorld avatar and their physical miWorld playset on their device screen through “hotspots” showcased in the app. Girls can unlock interactive games, content-rich experiences and animation on their smart phone or tablet device. JAKKS is also producing a line of Twinkle Toes Cabbage Patch Kids featuring miniature replicas of the real life Twinkle Toes footwear, including light up versions. In addition, some Twinkle Toes Cabbage Patch Kids will wear Twinkle Toes apparel and backpacks. “SKECHERS, especially the Twinkle Toes brand, has become one of the leading brands with girls today,” said Stephen Berman, CEO and Co-Founder, JAKKS Pacific, Inc. “This long-term strategic partnership with SKECHERS will give JAKKS the opportunity to leverage this top girls brand across a variety of toy lines, including miWorld and Cabbage Patch Kids. Our products will allow kids to play with the Twinkle Toes brand in new ways, including with our DreamPlay app to bring the physical miWorld playsets to life on tablets and smart devices.” Berman added, “In addition, we will look to maximize the Twinkle Toes brand and its fun light-up feature across a new dress-up, role play and toy line launching in Fall 2015.” “Partnering with the nation's third largest toy manufacturer provides us a unique opportunity to extend the reach of SKECHERS and our exceptionally popular Twinkle Toes footwear,” added Michael Greenberg, president of SKECHERS. “Not only is Twinkle Toes one of the leading kids' footwear lines in the U.S., the brand also carries a high Q Score and is recognized by a majority of pre-teen girls. This strategic partnership with JAKKS Pacific allows us to further engage girls in new ways through amazing products and fun experiences.” “The opportunity to feature our Cabbage Patch Kids wearing the popular SKECHERS' Twinkle Toes shoes is truly unique,” said Colleen Gilday, consultant on the Cabbage Patch Kid brand. “Twinkle Toes Cabbage Patch Kids are just like Mom's Cabbage Patch Kids but with the contemporary SKECHERS fashions that kids today adore.” JAKKS expects to launch its Twinkle Toes Cabbage Patch Kids products in June 2014 and its SKECHERS-licensed miWorld play sets in Fall 2014 at retailers nationwide. About SKECHERS USA, Inc. SKECHERS USA, Inc. SKX, based in Manhattan Beach, California, designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company's international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit skechers.com, and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA). About Original Appalachian Artworks Original Appalachian Artworks, Inc. (OAA) owner of the Cabbage Patch Kids brand, was founded in 1978 by Cabbage Patch Kids creator Xavier Roberts. It is a privately held corporation located in Cleveland, Georgia. Headquarters to the world famous Cabbage Patch Kids brand, the new BabyLand General® Hospital, a 70,000 sq. ft., Southern Style home is located in a rural, mountain community north of Atlanta. Daily welcoming the family of 128 million ‘Kids worldwide, BabyLand General also houses the Official Online Adoption Center. Investing in the future of the artist's hometown and its people, OAA also manages a wide range of other projects, while continuing to deliver for over 35 years, the hand-stitched, one-of-a-kind, soft-sculpture art, once again called Little People from the Cabbage Patch. www.cabbagepatchkids.com * @cpkusa * Cabbage Patch Kids Fan Page. About JAKKS Pacific, Inc. JAKKS Pacific, Inc. JAKK is a leading designer and marketer of toys and consumer products with a wide range of products that feature popular brands and children's toy licenses. JAKKS' diverse portfolio includes Action Figures, Electronics, Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture, Vehicles, Plush, Art Activity Kits, Seasonal Products, Infant/Pre-School, Construction Toys, Ride-On Vehicles, Wagons, Inflatable Environments and Tents, Impulse Toys and Pet Products sold under various proprietary brands including JAKKS Pacific®, Road Champs®, Funnoodle®, JAKKS Pets™, Plug It In & Play TV Games™, Kids Only!®, Tollytots®, Disguise®, Moose Mountain® and Maui®. JAKKS is also the creator of the underlying Monsuno® property and toy line. JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Nickelodeon®, Warner Bros.®, DC Comics, Saban's Power Rangers® and Cabbage Patch Kids®. DreamPlay Toys, LLC is a joint venture between JAKKS Pacific, Inc. and NantWorks LLC to develop, market and sell toys and related consumer products incorporating NantWorks' proprietary iD™ recognition technology. www.jakks.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 and SKECHERS' businesses based partly on assumptions made by their respective 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 with respect to JAKKS, 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. Factors that might cause or contribute to such differences with respect to SKECHERS include international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; entry into the highly competitive performance footwear market; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers, decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in SKECHERS' annual report on Form 10-K for the year ended December 31, 2013 and its quarterly report on Form 10-Q for the three months ended March 31, 2014. The risks included here are not exhaustive. SKECHERS operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The forward-looking statements contained herein speak only as of the date on which they are made, and neither JAKKS or SKECHERS undertakes any obligation to update any of them to reflect events or circumstances after the date of this release.