Mainframe Entertainment, Inc.

Mainframe Entertainment, Inc.

August 01, 2006 18:00 ET

Mainframe Entertainment Announces Director Resignations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 1, 2006) - Mainframe Entertainment, Inc. ("Mainframe") (TSX:MFE), Canada's leading computer generated (CG) animation production company, today announced that due to the completion of the sale by IDT Entertainment ("IDT") of its 62% interest in Mainframe to RNK Capital Limited Partnership, a subsidiary of Rainmaker Income Fund ("Rainmaker") (TSX:RNK.UN) on July 31, 2006, Mainframe has accepted the resignations of Stephen Brown, Morris Berger, Marcelo Fischer and John Hyde, as Directors of Mainframe. Rainmaker has not yet provided nominees to Mainframe to replace the vacancies created by the resignations of the IDT nominees.

About Mainframe

Mainframe Entertainment, Inc. is the industry leader in computer generated animation for television and direct-to-video/DVD family entertainment. Mainframe has produced over 269 half hours of CG animated television as well as 16 CG animated direct-to-video/DVD feature films and three CG animated television specials. Mainframe's CG animation expertise is also being used in the production of theatrical feature films, interactive games and commercials. Established in 1993, Mainframe continues to grow its library of proprietary productions, and has received many prestigious awards for its work on such international brands as "Barbie"(winner of VSDA Award for Children's title of the Year), "Hot Wheels", "Spider-Man", "Casper" and "Popeye". The Company is recognized as a CG animation pioneer having developed the groundbreaking internationally distributed television series "ReBoot". Mainframe clients include Sony, Mattel, Lions Gate Home Entertainment, Electronic Arts (Canada) and MTV. Mainframe's majority shareholder, IDT Corporation, is a NYSE-listed multinational telecommunications and entertainment company.

About Rainmaker

Rainmaker is an unincorporated open-ended limited purpose trust located in Vancouver, British Columbia. Rainmaker indirectly owns three operating limited partnerships. Rainmaker Limited Partnership is one of North America's leading film and video post production organizations, providing superior service, using innovative technology and world-class talent to design, build and shape content for film, television and new media productions. EP Canada Limited Partnership is a leading provider of payroll services for the film and television industry across Canada. Canada Film Capital Limited Partnership provides tax credit administration services and financing of tax credits through factoring for film and television productions across Canada.

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