Scholastic is releasing more than 100 CD-ROM games, including the popular Clifford The Big Red Dog(TM) and I SPY brands to be available to Exent's customers. The deal will also allow Exent's customers to offer content from several third-party publishers that Scholastic distributes under its brand.

"By working with Exent, Scholastic now has access to new digital channels that can leverage our catalog of quality educational games," said Deborah Forte, President of Scholastic Entertainment. "We believe online software distribution will help parents gain more convenient access to a broader variety of content, catering to both educational and entertainment needs."

"We view the partnership with Scholastic as an important step in broadening the market for online software distribution beyond computer games and the hard-core gamer," said Zvi Levgoren, CEO, Exent. "Service providers will now be able to provide a compelling offering to a wider audience and enjoy even greater churn reduction, per-user revenues, and an enhanced value proposition for broadband."

About Scholastic Entertainment

Scholastic Entertainment (SE) is the entertainment and media division of Scholastic Inc., the global children's publishing and media company. A proven leader in the children's entertainment landscape, SE ranks as one of the foremost producers of quality, family-oriented television programming, feature films, videos, and web sites, and an award-winning licensor and marketer of children's properties worldwide, SE's production credits include such popular television series as the top-rated Clifford The Big Red Dog® (PBS KIDS®), the spin-off of this hit TV series, Clifford's Puppy Days(TM) (PBS KIDS®), and the Emmy-winning series I SPY (HBO Family) and Scholastic's The Magic School Bus® (TLC), as well as Dear America®, The Royal Diaries(TM), Animorphs® and Goosebumps®. This fall, SE will introduce the highly anticipated animated series Maya & Miguel(TM) (PBS KIDS®). In the feature film arena, SE has produced the critically-acclaimed movies The Baby-sitters Club, The Indian in the Cupboard, Tuck Everlasting, The Mighty and is currently adapting the best-selling Philip Pullman trilogy, His Dark Materials, for the big screen with New Line Cinema and recently released Clifford's Really Big Movie with Warner Bros. Additionally, SE serves as the exclusive licensing, merchandising and promotional representative for such prominent franchises as Schoolhouse Rock(TM) and Home Movies(TM). The company also develops and markets a line of branded toys -- PLAY! Scholastic ® -- with Toys 'R' Us which won the 2002 LIMA award for best brand/corporate license and is introducing a line of school supplies to be distributed by Mead this year. In 2003, Clifford The Big Red Dog was recognized as LIMA's Best Character License of the Year. For more information, visit Scholastic's Webby award-winning web site at scholastic.com.

About Exent Technologies

Exent is the market leader in technology and service solutions for secure digital delivery of gaming and application software for service providers seeking to digitally distribute, manage and monetize a digital, on-demand games and applications service. Exent delivers products and solutions that support software publishers, broadband service providers, consumer portals, retailers and others.

Exent technology enables all standard business models -- purchases, subscriptions, rentals, try-before-you-buy -- for applications of any size. Exent Digital Rights Management solution dramatically lowers software piracy and ensures enforcement of licensing restrictions. Exent's EXEtender(TM)-based products and services are currently in commercial use by Comcast, Bell Canada, RCN, Atari-On-Demand, Deutsche Telekom, Telefonica, KPN, Telenet, Telenor, Fujitsu, Swisscom and other leading service providers worldwide.

Major shareholders of Exent include Time Warner Ventures, Comcast Interactive, Concord Ventures and New Enterprise Associates. The company has offices in Bethesda, Maryland and Tel-Aviv, Israel. For more information, please visit http://www.exent.com.