Press Releases < BACK TO PRESS PAGE CINAR CORPORATION ANNOUNCES COMPLETION OF ACQUISITION Investment Group Headed By Industry Leaders Michael Hirsh And Toper Taylor Officially Take Helm Of Global Animation Studio FOR IMMEDIATE RELEASE: Montreal, CANADA (March 16, 2004) - An investor group comprised of Michael Hirsh, Toper Taylor and TD Capital Canadian Private Equity Partners (CPEP) announced today the completion of its acquisition of Cinar Corporation. Michael Hirsh will serve as Chief Executive Officer and Toper Taylor will serve as President and Chief Operating Officer. Under the new leadership of Michael Hirsh and Toper Taylor, Cinar will continue to provide the worldwide programming community with the best in children's entertainment through the company's state-of-the-art production and post production facilities and divisions engaged in program development and production, licensing and merchandising and its network of pre-eminent US-based educational publishing and distribution companies Carson-Dellosa and HighReach. MEDIA CONTACT: SSA Public Relations Steve Syatt (LA) - (818) 501-0700 Blanche Frankel (NY) - (212) 679-4750 Karine Fouchet (London) - +44 20 7849-5689
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