Enesco Named Exclusive Licensee for the Walt Disney Classics Collection, Assumes Management of Walt Disney Collectors Society

Enesco Group, Inc., a leader in the giftware, collectible and home decor industry, today announced the company is expanding its relationship with Disney Consumer Products, becoming the exclusive licensee for the "Walt Disney Classics Collection" and assuming management of the "Walt Disney Collector's Society" in January 2004.

The Walt Disney Classics Collection is renowned for its sculpted pieces that faithfully recreate unforgettable moments from Disney's beloved animated films. The collection features sculpted pieces ranging in suggested retail price from $50 to more than $2,000. The sculptures are meticulously crafted out of fine porcelain or resin and are hand-painted according to each film's original color palettes. The pieces are often enhanced with mixed materials such as precious metals, stones, pearls and crystals. The Walt Disney Classics Collection is available at fine gift and collectible stores globally, select Disney Stores, DisneyStore.com, Disney catalog and Disney Theme Parks and Resorts around the world.

Management of The Walt Disney Collectors Society will also be transitioned to Enesco. The society gives collectors of the Walt Disney Classics Collection special privileges, including opportunities to purchase exclusive, members-only sculptures, advance notice of special events, a subscription to the Walt Disney Classics Collection Catalog, to name a few.

The seasoned Disney team will work hand-in-hand with Enesco, ensuring the standards of quality and magic associated with the Disney brand are upheld.

"This tremendous opportunity with Disney compliments Enesco's corporate mission and growth strategies," said Dan DalleMolle, president and CEO of Enesco. "We plan to take the strong foundation we already have with the Disney business and further combine it with our unmatched expertise in the giftware industry. In doing so, we feel we will expand Disney's consumer base while also poising the Walt Disney Classics Collection and Walt Disney Collectors Society for future growth."

About Enesco Group, Inc.

A global leader in the gift, collectible and home decor industries for 45 years, Enesco Group, Inc. offers such notable product lines as Cherished Teddies, Mary Engelbreit, Lilliput Lane, Border Fine Arts, and NICI, among others. The Company's award winning Precious Moments figurine collection is one of the top collectible lines throughout the world. Further information is available on the Company's web site at www.enesco.com.

About Disney Consumer Products

Disney Consumer Products (DCP) is the division of The Walt Disney Company that extends the Disney brand to merchandise ranging from apparel, toys, home decor and books to interactive games, food and beverages, electronics and fine art. This is accomplished through the work of the division's various lines of business: Disney Toys, Disney Softlines, Disney Hardlines, Disney Publishing, Buena Vista Games and Baby Einstein. The Disney Store, which debuted in 1987, also falls under DCP, carrying mostly exclusive, non-licensed merchandise.

This press release contains various forward-looking statements that are based on management's current assumptions and beliefs and upon information currently available to management. The Company has tried to identify such forward-looking statements by use of such words as "expects," "intends," "anticipates," "could," "estimates," "plans," and "believes," and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those anticipated, estimated, expected or projected. Important factors that may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements include, but are not limited: the Company's success in developing new products and consumer reaction to the Company's new products; the Company's ability to secure, maintain and renew popular licenses, particularly our licenses for Precious Moments, Cherished Teddies, and Disney; the Company's ability to grow revenues in mass and niche market channels; the Company's ability to identify and close on strategic acquisitions; changes in general economic conditions, as well as specific market conditions; fluctuations in demand for our products; manufacturing lead times; the timing of orders and shipments and our ability to predict customer demands; inventory levels and purchase commitments exceeding requirements based upon incorrect forecasts; collection of accounts receivable; changes in the regulations and procedures effecting the importation of goods into the United States; changes in foreign exchange rates; price and product competition in the giftware industry; variations in sales channels, product costs or mix of products sold; and, possible future terrorist attacks, epidemics, or acts of war.

In addition, the Company operates in a continually changing business environment and does not intend to update or revise the forward-looking statements contained herein, which speak only as of the date hereof. Additional information regarding forward-looking statement risk factors is contained in the Company's reports and filings with the Securities and Exchange Commission. In light of these risks and uncertainties, the forward-looking statements contained herein may not occur and actual results could differ materially from those set forth herein. Accordingly, you should not rely on these forward-looking statements as a prediction of actual future results.

--Posted September 22, 2003
Source: Enesco Group, INC