Gary Raksis Appointed CFO

NOVEMBER 10, 2009: PORTLAND (From Marketwire) — LAIKA has appointed Gary Raksis to the post of Chief Financial Officer of the company. The announcement was made today by LAIKA President and CEO Travis Knight. Mr. Raksis, former Head of Strategic Planning and Corporate Finance at DreamWorks Animation SKG, will be responsible for leading LAIKA’s business operations as the studio continues to grow its pipeline of animated feature films, television commercials, music videos, broadcast graphics and short films. In addition, he will focus on exploiting growth opportunities for the company.

“Gary brings an exceptional range of financial management experience to LAIKA that will be invaluable to our evolution and success,” says Mr. Knight. “His extraordinary business acumen, rare creative sensitivity, and steady governance will provide a foundation for boldly innovative and visionary leadership in our business operations. We are thrilled that Gary has joined the Laika family.”

“I admire LAIKA’s stunning artistic and commercial accomplishments,” said Raksis, “and believe my financial experience and entrepreneurial approach will be a great fit with a company looking to expand on a creative vision that has already proven to be powerfully attractive to film-going audiences around the world.”

Mr. Raksis held various roles in financial planning and analysis at DreamWorks SKG before, in 2004, being named Head of Strategic Planning and Corporate Finance for DreamWorks Animation SKG. As a key financial executive at DreamWorks, Mr. Raksis oversaw overall strategic planning and day-to-day corporate finance functions while providing financial and business support required for operational decision making. In addition, Mr. Raksis focused on exploiting growth opportunities and oversaw analysis and operational research supporting DreamWorks’ new projects and businesses.

A graduate of Georgetown University’s McDonough School of Business, Mr. Raksis was previously a research analyst at William O’Neil and Company, an investment information firm that publishes Investor’s Business Daily newspaper.

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