Round 2 and Captain Action Enterprises are pleased to announce the addition of Captain Action’s long-time nemesis Dr. Evil to the 2012 Captain Action toy line.

Captain Action, the popular super hero toy from the 1960s returns to toy shelves with new costume sets, including Marvel Comics’ Spider-Man, Thor and Captain America. New costume sets will debut in March 2012.

Dr. Evil, a menacing alien complete with his traditional creepy exposed brain, served as the original antagonist to Captain Action during the 1960s. Just as Captain Action can assume the identities of popular heroes, the new Dr. Evil will assume the identities of villains such as Thor’s evil brother, Loki, and the Red Skull via costume sets. “Every good hero needs an evil counterpart, and who’s more evil than the original Dr. Evil?“ said Ed Catto of Captain Action Enterprises.

The new figure will be created from all new sculpts and molds, and even add one creative innovation. “The new Dr. Evil will have interchangeable brains! The figure will come with three different brains: a battle brain, a brilliant brain and a bionic brain” said Mike Murphy, Creative Director at Round 2. “Fans will be able to swap the brains in and out of his head with each one having a specific purpose that will aid Dr. Evil to carry out his diabolical schemes!”

Comic legend Joe Jusko is providing the Dr. Evil illustration for the packaging. Dr. Evil and the Loki costume set will be available in July of 2012.