NEWS – Billygoat Productions

Billygoat Productions, Inc. separates its production and distribution businesses

San Clemente, CA – August 26, 2002 — Billygoat Productions, Inc., the leading surf production and distribution company, is separating its distribution and production company into two separate companies (Billygoat Productions, Inc. and Billygoat Distribution, Inc.) effective October 1, 2002. Billygoat Productions, Inc. owner and President, Bill Ballard, will continue to be involved in Billygoat Distribution as an advisor and stockholder. Brendan T. Lynch, former Chief Operations and Marketing Officer of Billygoat Productions, Inc. will become the President of newly formed Billygoat Distribution, Inc. "This strategic move will allow Billygoat Productions the ability to grow and focus on production projects while enabling Billygoat Distribution the opportunity to focus entirely on sales and marketing of its existing and new product lines within the action sports market", stated Mr. Lynch.

Billygoat Productions will continue to produce and develop surf films under the Billygoat brand as well as pursue other action sports production projects. Billygoat Distribution will exclusively distribute Billygoat Productions action sports films as well as continue to distribute other action sports videos/DVDs from its current client base including …Lost, Billabong, Rip Curl, Blue Field Entertainment, Pete Frieden, NVS Productions, O’Neill, Volcom, Transworld, and others. In addition, Billygoat Distribution has strategic plans to grow and market other product lines within the surf market.

Billygoat Productions will maintain its current website, www.billygoatproductions.com and Billygoat Distribution’s e-commerce site will be located at www.billygoatdistribution.com effective October 1, 2002.

For more information, please call 949-366-0176 or email: Brendan@billygoatproductions.com