RC2 CORPORATION ANNOUNCES EXCLUSIVE LICENSING ARRANGEMENT WITH CHIP FOOSE

Foose and RC2 to partner on all-new JL FULL THROTTLE line of highly-detailed,
miniature versions of Foose's hottest custom car designs.

RC2 Corporation (NASDAQ: RCRC) announced, at a press conference from their New York showroom, an exclusive licensing arrangement with legendary auto designer and fabricator Chip Foose. RC2 will launch JL FULL THROTTLE, an all-new, premium line of customized die-cast vehicles featuring the original custom designs of Chip Foose. JL FULL THROTTLE will deliver all of the "hardcore horsepower" integral to today's hottest automotive trends. With unique scales and a high level of detail, JL FULL THROTTLE will bring to life the excitement and passion of the custom car culture, an industry in which Foose has been setting trends for over 15 years.

Speaking at the press conference earlier today, RC2 President Peter J. Henseler stated, "We are thrilled to be partnering with such a well-known, well-respected and talented designer as Chip Foose. His insight and cutting-edge style will ensure that JL FULL THROTTLE is on-trend for die-cast enthusiasts, collectors and younger fans alike."

In keeping with RC2's history of producing high-quality licensed vehicles covering many different eras and themes, these authentic JL FULL THROTTLE Chip Foose replicas will be highly-detailed and enhanced with top-of-the-line paints and graphics. The line will launch in the spring, with vehicles from Foose's extensive portfolio, including vehicles from the hit TLC show Overhaulin'.

Chip Foose stated, "I am really excited to be working with RC2 on the JL Full Throttle replications of custom vehicles designed and fabricated by Foose Design. I will be working closely with the talented staff at RC2 to select, design and manufacture the very best vehicles of Foose Design. Not everyone can own a full scale Foose custom, but now collectors and fans can own a detailed, authentic replica! I have seen the early engineering models and the detail and accuracy is amazing. I am looking forward to doing big things, in small scales, with RC2!"