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BAM! Entertainment Completes $2,330,000 Offering of Common Shares and Warrants

BAM! Entertainment® (NASDAQ: BFUN), today announced that it had agreed to sell 2,532,522 shares of its common stock and warrants to purchase another 1,519,513 shares of its common stock, resulting in gross proceeds (assuming no exercise of the warrants) of $2,330,000, in a private offering to institutional and accredited investors. The Company has also granted the investors an option to purchase an additional 2,467,478 shares and warrants to purchase an additional 1,480,487 shares on identical terms exercisable for a period of 45 business days from the effective date the registration statement covering the aforementioned. The agreement is subject to the satisfaction or waiver of usual conditions precedent.

Under the agreement, the shares of common stock will be issued at $0.92 per share, which is equal to 80% of the 30-day moving average price per share through the date the agreement was signed. The warrants will have a five-year term and will be exercisable at $1.40 per share, which is equal to a premium of 110% of the closing bid price per share on the date the agreement was signed.

BAM! ENTERTAINMENT, INC.

Founded in 1999 and based in San Jose , California , BAM! Entertainment, Inc. is a developer, publisher and marketer of interactive entertainment software in North America and Europe . The company develops, obtains, or licenses properties from a wide variety of sources, including global entertainment and media companies, and publishes software for video game systems, wireless devices, and personal computers. The company’s common stock is publicly traded under the symbol BFUN.PK.

About WestPark Capital, Inc.

WestPark Capital, Inc. is a full service investment banking and securities brokerage firm that serves the needs of both private and public companies worldwide, as well as individual and institutional investors. WestPark is committed to forging lasting partnerships with emerging growth companies and the investors who back them. WestPark’s approach is to provide customized financial solutions for virtually any need. A complete range of investment banking and brokerage services is available to corporate and individual clients. WestPark’s corporate finance professionals have the depth of experience and resources to create integrated financing solutions for both private and public marketplaces. Additionally, WestPark offers an exceptional array of private client services through its dedicated group of financial consultants. WestPark Capital understands the importance of strong relationships in today’s dynamic business environment and welcomes the opportunity to leverage this power into success for its customers. For more information visit www.wpcapital.com.

For further information, please contact:

Contact:
Richard Rappaport
Anthony Pintsopoulos 
WestPark Capital, Inc. (310) 843-9300 
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Los Angeles, CA 90067
www.wpcapital.com.

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