COSMIC GIGGLES TO DEBUT LIGHT-UP PRINCESS ACCESSORIES

Light-Up Accessories are Sure to De "Light" Young Princesses Everywhere

For Immediate Release:

COSMIC GIGGLES
TO DEBUT
LIGHT-UP PRINCESS ACCESSORIES

Light-Up Accessories Are Sure to De Light" Young Princesses Everywhere

Malibu, CA -- March 7, 2003 -- Cosmic Giggles announced today the companys plans to release new additions to its totally cool, totally high tech line of light-up jewelry and accessories collection. Cosmic Giggles Light-Up Princess Accessories, Light-Up Princess Gift Set and Light Up Magical Hair Strands feature everything princesses in training need to look glamorous and regal and will make their royal debut at retail in Fall 2003.

The perfect pretend play accessories for any little princess, Cosmic Giggles dazzling light-up Princess Wands, Tiaras and Shoes feature sparkling, light-up gems" that are sure to be a royal hit!

Cosmic Giggles Light-Up Princess Wand
A necessary tool for any young royal, a princess need only press the button to activate and then wave her wand to create a magical, sparkly light show right at her fingertips. (MSRP $3.99)

Light-Up Princess Tiara
A regal accessory befitting even the teeniest member of the royal court, this dazzling tiara is trimmed in marabou and ribbon accents. A simple tap on the tiaras switch will set a spectacular array of gem-colored twinkling lights. (MSRP $3.99)

Light-Up Princess Wand, Tiara & Shoes Gift Set
A must have dress-up collection for every princess in training, this special gift set includes a Light-Up Princess Wand, Tiara and a pair of one-size fits all shoes that magically light-up with every step your favorite princess takes. (MSRP $12.99)

Magical Light-Up Hair Strands
The perfect accessory to create a bold fashion statement that is sure to turn heads everywhere, Magical Light-Up Hair Strands lets tween and teen fashionistas create stunning light-up hairstyles! Featuring brilliant light-up fiber optic hair strands, young girls can simply place the glitter headband on their head and finger-comb its fiber optic strands into their hair to create a stunning do." The strands magically disappear -- resulting in an eye-catching light-up hair illusion. (MSRP $7.99)

The perfect gifts for any occasion, Cosmic Giggles Princess Accessories will make their debut at retail stores nationwide, including FAO Schwarz, KB Toys, and Wal-Mart in Fall 2003.

About Malibu Toys
Established in 2001 and headquartered in Malibu, California, Malibu Toys, Inc. develops, manufacturers and markets fashion savvy accessories that utilize state-of-the-art, patented technology and cater to the trend-conscious girls between the ages of six and 16. Its premiere line, Cosmic Giggles features an array of products including Light-Up Press-On Nails, Light-Up Fashion Accessories, Light-Up Jewelry and Light-Up Cell Phone Accessories. Malibu Toys is the exclusive marketing, sales and distribution agent of Asia-based OTIC TECHTIME, a manufacturer of innovative toys and electronic accessories.

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Press Contacts:
Steven Style or Lauren Panaro
The Steven Style Group
New York City
t) 212-465-1290
f) 212-465-1299
email: stevens@stylegroup.com or laurenp@stylegroup.com