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KAPLAN FOX & KILSHEIMER LLP FILES
SECURITIES FRAUD CLASS ACTION
AGAINST TEAM COMMUNICATIONS GROUP, INC.

NEW YORK – March 12, 2001– Kaplan Fox & Kilsheimer LLP (www.KaplanFox.com) has filed a class action against Team Communications Group, Inc. and certain of the Company’s officers and directors in the United States District Court for the Central District of California.  The suit is brought on behalf of all persons or entities who purchased the common stock of Team Communications Group, Inc. (“Team Communications”) (NASDAQ: TMTV) between May 18, 2000 and February 12, 2001 inclusive (the “Class Period”).

Then, on 2/13/01, prior to the market opening, Team Communications shocked the investment community with a press release which revealed that the Company expected to record a Q4 00 charge equivalent to more than five times all the income it reported during the Class Period. It also acknowledged that certain of its acquisition and distribution activities may have “lacked economic substance.” On this news, TEAM Communications' shares dropped to as low as $1.375, or more than 88% lower than its Class Period high of $12.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP.  Our firm, with offices in New York and San Francisco, has many years of experience in prosecuting investor class actions and actions involving financial fraud.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

Frederic S. Fox, Esq.
Hae Sung Nam, Esq.
Donald R. Hall, Esq.

Kaplan Fox & Kilsheimer LLP
805 Third Avenue - 22nd Floor
New York, NY 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address: mail@KaplanFox.com

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