Palladium Communications Changes Name to Peak Entertainment Holdings, Inc.

Entertainment Editors/Business Editors

NEW YORK--(BUSINESS WIRE)--May 20, 2003

Palladium Communications has changed its name and will be trading as Peak Entertainment Holdings, Inc. (OTC BB:PKEH), according to Wilf Shorrocks, CEO and Co-Founder of the company.

Peak

"Changing our name to Peak Entertainment better reflects the direction the company is headed," said Mr. Shorrocks. "Our products and properties have been remarkably successful in the UK. We expect that the exciting entertainment opportunities we provide, together with new partners and expanded capabilities, will lift our introduction into the North American market to new heights," he added.

Recently, Palladium Communications acquired the company and has officially changed the company's name to Peak Entertainment.

Peak Entertainment Holdings, Inc. delivers a 'concept to consumer' character solution to brand marketing by strategically diversifying across platforms while retaining control of the lead product categories of entertainment, licensing and manufacturing. Its activities include production of television entertainment, character licensing, and consumer product development (including manufacturing and distribution). Among its properties are Kewpie, Mini Flora, Monster in My Pocket, and the highly successful plush collectible Countin' Sheep.

About Peak Entertainment Holdings, Inc., (www.peakentertainment.co.uk)

Peak Entertainment creates, develops and invests in intellectual property rights within a fully integrated business model dedicated to high-quality entertainment. Peak Entertainment is guided by the simplest of philosophies, "create the very best entertainment and the rest will follow."