National Lampoon Reinvents College Spring Break

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No cheesy reality stars. No unreliable charter planes. No empty promises. National Lampoon raises the bar for college spring break trips.

Los Angeles, California - National Lampoon Inc. (AMEX: NLN), the most widely recognized brand in comedy, has announced that National Lampoon Tours has expanded its Las Vegas and Cabo San Lucas programs and added South Padre to their 2006 line-up. College students from over 300 US and 100 international cities can now purchase all-inclusive travel and entertainment packages to the hottest US spring break destinations, giving new meaning to the term, "National Lampoon's Vacation."

National Lampoon stands alone as the only comedy brand and media property with its own themed tour department drawing on its significant reputation for irreverent, fun-loving decadence. In its first outing this past Spring, National Lampoon garnered significant accolades from travelers and media alike. And now, National Lampoon Tours has become the only college tour provider to offer travelers the opportunity to book their trips from just about anywhere in the world.

"It didn't take long to discover what was wrong with the student travel industry and what National Lampoon could do to fix it," said Jason Hollander, National Lampoon Tours Executive Vice President, "The Better Business Bureau and media outlets are flush with stories of student tour operators who lure students with false promises, only to disappoint them with things like last-minute itinerary changes, late charter flights, lackluster entertainment, and long lines to get into clubs where they were promised VIP entry."

When asked how companies get away with this, Hollander answered, "They know they've got a new freshman class coming in, and a senior class leaving, so they operate under the assumption that very few people will take the time to hold them accountable. That's not how we operate."

Operations Manager Justin Kanew echoed Hollander's sentiment, "National Lampoon Tours allows each traveler to schedule the flight of their choice utilizing national air carriers instead of charters. This allows greater flexibility for each of our spring breakers," he continued, "The travel industry is full of negative stories and we are trying to improve the experience over any other company's tours."

Promising the ultimate in Spring Break trips that would make even Van Wilder proud, National Lampoon Tours offers all-inclusive experiences with all the components required for good time: substantial food & drink packages, nightly limousines, and VIP entry into the hottest clubs. The brand's offerings for Spring Break '06 focus on North America's hottest Spring Break destinations: Las Vegas, Cabo San Lucas and South Padre Island:

§Las Vegas: National Lampoon has teamed with the Hard Rock Hotel & Casino, The Stratosphere, and the classic Plaza Hotel and Casino in the heart of downtown Las Vegas, to create all-inclusive student tour packages to Las Vegas. Highlights of the 21-and-over, four-night package includes a 96-hour drink deal, three daily meals, VIP entry into Vegas' hottest clubs, and SUV limousine rides to get you there in style. Spring Breakers will also have the opportunity to participate in the 1st Annual National Beer Pong Championship and the Collegiate Texas Hold'Em Tournament . Packages start as low as $349.

§Cabo San Lucas: Hosted on the tip of the beautiful Baja Peninsula, these four- and seven-night packages (for those 18-and-over) offer an "upscale Spring Break National Lampoon-style." Striking a balance between wild and civilized, fun and safe, Cabo is the setting for a perfect south-of-the-border adventure. With accommodations at the Costa Real Resort & Suites, Comfort Inn and other hotels, it's only a few steps to the most popular bars, clubs and restaurants. Packages include $250 in free drinks, daily breakfast, airfare, hotel, airport transfers, activity discounts, VIP club entry and experienced 24-hour onsite staff.

§South Padre Island: Two big names in entertainment and hospitality have joined forces for the most exciting and fun-filled spring break package on South Padre Island. National Lampoon presents The Bahia Mar University, hosted at the 15-acre Bahia Mar Resort, the Island's largest hotel property. Four all-inclusive package options include world-class entertainment, food, drinks, hotel, airfare and non-stop activities to keep Spring Breakers laughing throughout their stay.

National Lampoon Tours can be booked by calling toll-free (877) 4NLTOURS, via the web at http://www.NationalLampoonTours.com or by contacting an authorized NLT reseller or travel agent.

National Lampoon, Inc. is active in a broad array of entertainment segments, including feature films, television programming, interactive entertainment, home video, audio CDs and book publishing. The Company also owns interests in all major National Lampoon properties, including National Lampoon's Animal House, the National Lampoon Vacation series and National Lampoon's Van Wilder. The National Lampoon Network serves over 600 colleges and universities throughout the United States. The network reaches as many as 4.8 million students, or nearly one in four of all 18 to 24 year old college students. In addition, the Company operates a humor website, http://www.nationallampoon.com, on the Internet. The Company has four operating divisions: National Lampoon Network, Entertainment Division, Publishing Division and Licensing Division.

Forward-Looking Statements
This press release contains forward-looking statements, which are based on the Company's current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "would," "intend," "hope," "will," "may," "should," "expect," "anticipate," "believe," "estimate," "predict," "continue," or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate in the United States and other risks and uncertainties, including those enumerated and described in the Company's filings with the Securities and Exchange Commission, whose filings are available on the SEC's website at Sec.com. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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