Spin Master Ltd.

Spin Master Ltd.

November 10, 2006 09:55 ET

Canadian Toy Company, Spin Master Ltd., Pledges $1.7 Million Dollars and Partners With Millennium Promise to Fight Poverty, Hunger and Disease in African Village of 5,000

TORONTO, ONTARIO--(CCNMatthews - Nov. 10, 2006) -

Editors note: A photo for this release will be available on the CP picture wire via CCNMatthews.

Canadian Toy company, Spin Master Ltd. announced today that they will partner with Millennium Promise, the organization founded by world leading economist Dr. Jeffrey Sachs, in their efforts to combat global hunger, poverty and disease. Spin Master pledged $1.7 million dollars to join the fight to eradicate extreme poverty by supporting a Millennium Village.

Spin Master's sponsorship, through Millennium Promise, ensures that one village in Africa will have the financial resources necessary to improve the health, social and infrastructural difficulties facing their community. Drastic improvements in the standard of living will be achieved by empowering the local population and providing them with the means to better care for each other and themselves - today, tomorrow and for generations to come.

"Our entire team at Spin Master was truly inspired by Jeffrey Sachs' vision and the impact we could have on the lives of people living in desperate conditions by supporting a Millennium Village," says Ronnen Harary, Chairman and Co-CEO, Spin Master Ltd., "We are committed to the idea that there will come a point in the near future when no person will be forced to live without food, clean water or basic necessities. Spin Master is excited and proud to partner with an international organization that is so clearly driven by the goal of ending global poverty."

"Spin Master is demonstrating true leadership in how major corporations can get involved in the fight against extreme poverty," said Professor Jeffrey Sachs, founder of Millennium Promise Alliance. "If we are to end poverty in our lifetime, it will take a global effort from all parts of society including the business sector. Spin Master's pledge is an investment in saving lives and ensuring one of the poorest villages on earth has the opportunity to thrive under sustained growth."

Spin Master and Millennium Promise believe that extreme poverty can and must be ended in our generation; together they are confident that their partnership will prove to be one amongst many very important steps towards this monumental achievement.

About Spin Master Ltd.

Spin Master™ Ltd. is a multi-category children's entertainment company that, since 1994, has been designing, developing, manufacturing and marketing consumer products for children around the world. Spin Master™ is ranked among the top 10 North American toy manufacturers and is a dominant leader in the children's entertainment industry. Spin Master™ is comprised of such best-selling brands as Air Hogs®™, Aquadoodle™, Bella Dancerella, Moon Sand, Bounce 'Round™ and 7-11™ Slurpee Maker. Most recently Spin Master™ Ltd. has entered the market of children's room decor. The Marshmallow™ brand consists of licensed and non-licensed children's furniture. Spin Master™ employs over 300 people with offices in Toronto, New York, Los Angeles, Paris, London, Hong Kong and China. For more information, please visit www.spinmaster.com.

About Millennium Promise

The Millennium Promise Alliance's mission is to build a movement to end extreme poverty by partnering with all parts of society including individuals, businesses, charitable organizations, faith-based groups and governments. Our generation has the unprecedented opportunity to end extreme poverty throughout the world by 2025. Achieving the Millennium Development Goals -- the world's time-bound targets for addressing extreme poverty in its many dimensions -- by 2015 will be a crucial step along the way. Millennium Promise is our generation's commitment to ourselves, our fellow citizens in other parts of the world, and to our children, in the quest for a more peaceful and prosperous world. www.millenniumpromise.org.

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