NEW YORK, February 22, 2005 – 4Kids Entertainment, Inc. (NYSE: KDE), licensing agent for major properties such as Pokémon, Teenage Mutant Ninja Turtles and Yu-Gi-Oh!, today announced it has signed an agreement with cartoon character creation studio Fineline Properties (NASD: FNLH.PK), a division of Fineline Holdings, to serve as the exclusive merchandise licensing agent for the Moodies™ cartoon character group. 4Kids also is being retained to represent the film and television rights for the Moodies character group.

The Moodies’ property is based on the concept of dolls containing heat sensors that enable a child’s mood to be reflected in the color of the doll as a result of the amount of body heat produced. If you are cold, the doll will turn blue and if you are hot, the doll will turn red. The toy rights are available for licensing.

Fineline Properties, represented by GeDo Designs, Inc., developed the Moodies as a positive character group for kids age 6 and under. The Moodies are simple, accessible metaphors for the emotions all people experience in their lives, at all ages, and can teach positive ways to work out these emotions with others.

“We are excited to serve as the exclusive licensing agent for the Moodies,” said Alfred R. Kahn, Chairman and Chief Executive Officer of 4Kids Entertainment. “These delightful, colorful figures enable children to learn to interact with others in a positive way. We look forward to working with Fineline Properties and building the Moodies brand.”

"The experience and expertise 4Kids brings to the Moodies licensing program is unparalleled in the industry, and we are very excited to be working together with 4Kids and have the Moodies brand alongside other phenomenally successful 4Kids properties," says Robert Petry, President of Fineline.

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About 4Kids Entertainment
Headquartered in New York City with international offices in London, 4Kids Entertainment, Inc. (NYSE: KDE) is a global provider of children's entertainment and merchandise licensing. 4Kids, through its wholly owned subsidiaries, provides domestic and international merchandise licensing; television, film, music and home video production and distribution; media planning and buying; product development; and Web site development. For further information, visit the Company’s Web site at www.4KidsEntertainment.com.

About Fineline Properties, Inc.
Fineline Properties (NASD: FNLH.PK) creates original cartoon characters for licensing and film & television animation. Their team of artists develops original cartoon characters with an eye on current market trends as well as recognized names. From concepts and sketches all the way to the manufacturer style guides. Fineline's entire library of more than 200 new cartoon characters in over 20 character groups for 'teens, kids and adults, covering the Internet, sports, satires, just plain fun, and much more can be viewed at HYPERLINK "http://www.finelineproperties.com" http://www.finelineproperties.com.

About GeDo Designs, Inc.
GeDo Designs with over 50 years combined experience in toy, pet products and product design. GeDo Designs represents Fineline Properties and other original cartoon characters for licensing and film & television animation. With complete product design, marketing, engineering and prototyping to round out its services. HYPERLINK "http://www.GeDoDesigns.com" http://www.GeDoDesigns.com

The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors beyond the Company's control, including general economic conditions, consumer spending levels, competition from toy companies, motion picture studios and other licensing companies, the uncertainty of public response to the Company's properties and other factors could cause actual results to differ materially from the Company's expectations.