NLN National Lampoon,

National Lampoon, Inc. (AMEX:NLN), the most widely recognized brand in comedy, today announced that it has acquired the rights to the feature script �Knights Of The Not So Round Table,� from writer/director J.D. Shapiro. The film is slated to begin production in early 2009, with Shapiro set to direct. The film opens with the claim: �In 524 AD, Arthur Lol Pendragon went to Camelot. One thousand, four hundred and eighty five years later this footage was found. What it reveals is both shocking and more shocking. We have discovered that, out of all the legendary tales told about King Arthur and his knights� not one of them got it right.� In this �true� tale of Arthur, who after pulling Excalibur from the rock, tosses the magnificent sword aside and carries around the rock, proclaiming to be the King of England. Arthur has to save Camelot from the clutches of evil while leading a group of misfit knights to find The Holy Grail. At Arthur�s side is his adulterous wife Gwenarear, his best knight Sir Lancearoundalot, and Merlin, his trusted advisor who gets everything wrong. "We�re very excited to be in business with J.D. Shapiro,� said Daniel Laikin, Chief Executive Officer of National Lampoon. �J.D.'s spoof is not only funny and entertaining but it transcends the genre.� J.D. Shapiro who wrote, �Robin Hood: Men In Tights,� and wrote�and directed the award winning, �We Married Margo� is set to direct. Shapiro is presently developing �Witness Protection� with The Gold Company, and is executive producing a new superhero series he created with Tony Chargin and the legendary Stan Lee (Spiderman, Iron Man, The Hulk). Shapiro has just completed his first book, �The Truth About Men�, which has received interest as a TV series. �The idea for �Knights� has been brewing for a while,� stated Shapiro. �I was influenced by Monty Python and lucky enough to have worked with one of the greats in Mel Brooks. I wanted to make this movie at a place that really understood this kind of comedy, so National Lampoon was the perfect fit.� In addition to �Knights,� National Lampoon plans to release up to four original in-house produced titles per year. Most recently, National Lampoon has released �National Lampoon�s Bagboy,� �National Lampoon�s Homo Erectus,� and will soon release �National Lampoon�s Ratko: The Dictator�s Son.� Currently in post-production, �National Lampoon�s Legend of Awesomest Maximus� will be released in 2009. Additionally, National Lampoon plans to release up to eight acquisition titles per year. Releases to date have included � �Beach Party at the Threshold of Hell,� �Electric Apricot,� �Jake�s Booty Call,� and �One, Two, Many.� Distribution is handled independently by National Lampoon, with some titles having broader distribution in partnership with major studios. About National Lampoon National Lampoon, Inc. (AMEX:NLN) has been a dominant force in the US comedy world for almost 40 years, and is currently active in a broad array of media and entertainment segments. These include feature films, television programming, online and interactive entertainment, home video, audio, and book publishing. The Company also owns interests in all major National Lampoon properties, including National Lampoon�s Animal House, the National Lampoon Vacation series and National Lampoon�s Van Wilder. National Lampoon reaches nearly one in four of all 18 to 24 year old college students in America today. The Company has three core operating divisions: National Lampoon Films, which includes production along with theatrical and video distribution of feature films; College Marketing Division; and National Lampoon Networks, providing humor content through a number of platforms. These include its National Lampoon College TV network, the National Lampoon Humor Network - the most trafficked humor sites on the web, Toga TV.com - the company�s broadband channel, the Drunk University Network, the new ZAZ Network, and the National Lampoon Video Network, which includes channels on YouTube, AOL, Yahoo, Joost, and a number of digital video platforms across the Internet. These are all anchored by the award winning comedy website www.nationallampoon.com.