The Launching of Ox Animation, Inc.

Damascus-Syria, Sep 20, 2010

Ox Animation, Inc., a developer of 3D animation focused on culturally appropriate and socially responsible content, announced today that it has closed a round of funding.  Investors include H.R.H. Princess Rima Bint Abdullah Bin Abdulaziz Al Saud, Fadi Ghandour (president and CEO at Aramex), Abdulsalam Haykal (CEO, Transtek Systems, Haykal Media), Mohammad Samih Al Rijjal (Angel Investor), Ammar Haykal (Managing director, Haykal Media), Imad Rijjal (Angel Investor) and Bassel Ojjeh (Former Senior VP at Yahoo!, President & CEO at nPario)

“the demand for original and culturally focused animation content is high in this region. We are delighted to have this group of investors who will lend their experience and know how in building OX Animation to where it aim to be” Said Amer Abdulghani, President and CEO at Ox Animation, Inc.

Abdulsalam Haykal (CEO, Transtek Systems, Haykal Media) said, "Animation is one of the fastest growing industries internationally. We hope to capture and advance the great potential it has in the Middle East and the Arab World. This is an exciting opportunity to contribute to the talent-based growth, and the emerging knowledge economy."

"Ox Animation is a young but promising leader in the Animation industry, and has an exceptional opportunity to develop a dominant presence in the Middle East and the Arab world as one the most prolific animation studios in our region." Said Samih Al Rijjal, board member of Ox Animation, Inc.

Mr. Samih Al Rijjal and Mr. Bassel Ojjeh will serve on the board of OX Animation.

About Ox Animation, Inc.

Ox Animation, Inc. is a full-service digital animation studio with a primary focus on developing and producing cutting-edge 3D animations for films, television and other productions including comics, online games and web applications. With a mission in mind of being on top of the animation industry in the Middle East and beyond, Ox Animation has been equipped with a highly talented and motivated team of 3D animation professionals and other artists supported by seasoned leadership and management that has enough knowledge and experience to showcase creativity and animation proficiency to address client's needs from concept through execution and completion.

For further information please visit our website: www.oxanimation.com or contact our Communication Officer Ms. Lujein Shannan at: lujein@oxanimation.com