Press Release

Navarre Corporation Announces Expanded License Agreement Between Encore and Riverdeep

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Posted 11 November 2008 @ 04:00 pm ET

MINNEAPOLIS, Nov. 11 /PRNewswire-FirstCall/ -- Navarre Corporation(Nasdaq: NAVR) announced today that Encore, its wholly-owned subsidiary, hasexpanded its agreement with Riverdeep providing it with the exclusivepublishing rights in North American for the Broderbund(R) line of products inthe retail, direct-to-consumer and OEM channels. Products include suchcategory-leading brands as The Print Shop(R), PrintMaster(R) and Mavis BeaconTeaches Typing(R). In connection with the deal, Encore will operate allonline sales and marketing activities at http://www.Broderbund.com. Previousto this agreement, Encore had exclusively distributed these titles in the U.Sand Canadian retail channel.

Under the terms of the expanded agreement, Encore will manage thedevelopment and marketing of new products within the Broderbund family ofbrands in the North American retail, direct-to-consumer and OEM channels.Riverdeep will continue to focus on sales of these and other products directlyto schools and in the international markets.

Cal Morrell, President of Encore commented, "We are extremely pleased withthe performance of these brands under our current relationship and areconfident that the expansion of Encore's sales activities into thedirect-to-consumer channel will add an increasingly important revenue streamfor the Company."

David Bass, Vice President, Consumer and General Manager of Riverdeepstated, "It has become increasingly clear that the coordination of developmentand marketing efforts across these channels is an important component inbuilding the future of these brands in today's digital world." Bass continued,"Given Encore's success over the last five years in marketing and brandmanagement in the retail channel, Encore is uniquely positioned to achievethat goal."

About Encore

Based in Los Angeles, CA, Encore(R) is a wholly-owned subsidiary ofNavarre Corporation, and a leading retail software publisher. As a result ofstrategic licensing agreements, the company publishes a broad range ofaward-winning utility, entertainment, education and productivity softwaretitles. Publishing brands include Hoyle, Marine Aquarium, Family Tree Maker,3D Home Architect, Advantage, Wheel of Fortune and Jeopardy!; as well as theRiverdeep family of brands including The Print Shop, PrintMaster and MavisBeacon. Many of these products and others are available athttp://www.broderbund.com.

About Navarre Corporation

Navarre(R) Corporation (Nasdaq: NAVR) is a publisher and distributor ofphysical and digital home entertainment and multimedia products, including PCsoftware, DVD video, video games and accessories. Navarre develops, licensesand publishes home entertainment and multimedia content through its Encore,BCI, and FUNimation subsidiaries and has established distributionrelationships with customers across a wide spectrum of retail channels.Navarre was founded in 1983 and is headquartered in New Hope, Minnesota.Additional information regarding Navarre can be found athttp://www.navarre.com.

About Riverdeep

San Francisco-based Riverdeep Inc., A Limited Liability Company, is partof the Houghton Mifflin Harcourt family of companies. Under Broderbund andThe Learning Company brands, Riverdeep is a leading publisher of interactiveproducts focusing on education and personal productivity for the consumer andschool markets. In addition to the Broderbund brands, Riverdeep's richportfolio of interactive award-winning products feature such well-known brandsas Reader Rabbit,(R) "Where in the World is Carmen Sandiego(R)," "OregonTrail(R)" and Kid Pix(R). For more information, call toll free 888-242-6747 orvisit http://www.learningcompany.com.

About Houghton Mifflin Harcourt

Boston-based Houghton Mifflin Harcourt Publishing Company is a globaleducation company and the world's largest publisher of educational materialsfor pre-K-12 schools. The Company publishes a comprehensive set ofbest-in-class educational solutions, ranging from research-based textbookprograms to instructional technology to standards-based assessments forstudents and educators. The Company also publishes an extensive line ofreference works and award-winning literature for adults and young readers.With origins dating back to 1832, Houghton Mifflin Harcourt combines itstradition of excellence with a commitment to innovation. To learn more aboutHoughton Mifflin Harcourt, visit http://www.hmhpub.com.

SOURCE Navarre Corporation


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