National Lampoon, Inc. (NLN), the most widely recognized brand in comedy, today announced that it has acquired the assets of Comedy Express, Inc., a multi-platform comedy media company. Under terms of the agreement, Comedy Express, which features content from well-known and emerging comic talent across broadband, wireless, and television, will become part of National Lampoon’s broad young adult distribution platforms. This platform includes the National Lampoon College Network, which reaches nearly one in four of all 18 to 24 year old college students in America today.

“Comedy Express did a great job of recognizing emerging comedic talent, with unique, original voices and points of view, along with building multiple distribution points,” said Daniel Laikin, Chief Executive Officer of National Lampoon. “This deal will enable National Lampoon to ‘adopt’ Comedy Express’ comedians and content, as well as harness its distribution relationships and experience in staging nationwide comedy events.”

In the past two years Comedy Express has launched its broadband TV channel, comedyexpresstv.com, which has been part of the National Lampoon Humor Network, and produced comedy events across the country, which have been packaged for DVD release. Events included last year’s highly successful nationwide College Comedy X Tour.

“We’re very excited to be aligning Comedy Express with National Lampoon, the number one brand in comedy,” said Lisa Jones Johnson, Chief Executive Officer, Comedy Express, Inc. “The synergies between the companies will create tremendous opportunities for National Lampoon.”

About National Lampoon

National Lampoon, Inc. (NLN) has been a dominant force in the US comedy world for almost 40 years, and is currently active in a broad array of media and entertainment segments. These include feature films, television programming, online and interactive entertainment, home video, audio, 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: National Lampoon Films, which includes production along with theatrical and video distribution of feature films; College Marketing Division; and National Lampoon Networks, providing humor content through a number of platforms. These include its National Lampoon College TV network, the National Lampoon Humor Network - the most trafficked humor sites on the web, Toga TV.com - the company’s broadband channel, the Drunk University Network, and the National Lampoon Video Network, which includes channels on YouTube, AOL, Yahoo, Joost, and a number of digital video platforms across the Internet. These are all anchored by the award winning comedy website www.nationallampoon.com