This just out...trading around 1/2....
(COMTEX) B: Sound Source Interactive to Bring Casper to Sony Playstat
B: Sound Source Interactive to Bring Casper to Sony Playstation; Company Signs
Five Year Worldwide Exclusive Deal
CALABASAS, Calif., Sep 28, 1999 (BUSINESS WIRE) -- Sound Source
Interactive Inc. (OTC BB:SSII) today announced that it has signed a
five year worldwide exclusive agreement with The Harvey Entertainment
Company (NASDAQ:HRVY) to develop and publish Casper(TM) games and
edutainment titles for the Sony Playstation(TM) video game console
format.
The company will produce a complete line of Playstation games, with the
first Casper title expected to ship in time for Halloween 2000. The
agreement provides rights for Playstation 1 and 2, CD-ROM and DVD-ROM
versions.
"Sony Computer Entertainment America has recognized the potential of
the under twelve market for Playstation and we are now in a position to
capitalize on that potential using the quality licenses we have in
place," said Vincent J. Bitetti, Chairman and CEO of Sound Source
Interactive. "Casper is known to children around the world. Our Casper
CD-ROM titles have sold in excess of 100,000 units and has been
translated into multiple foreign languages. We believe the potential
for sales of the Playstation format will far exceed the CD-ROM
numbers".
Bitetti continued, "The products will be distributed worldwide and
localized into at least five languages initially. We are in discussions
with several potential North American partners regarding distribution
of our Playstation titles and expect to make an announcement soon
regarding our plans. The international distribution chores will be
handled by our European partner, TDK Recording Media Europe".
The Casper Playstation titles will incorporate complete 3D worlds
featuring Casper the Friendly Ghost(TM), his friends and family.
Product designs remain confidential, but the games will be marketed
under the company's new Stealth Learning(TM) umbrella, which has been
created specifically for video game console formats.
A compelling, immersive environment will promote extended
edutainment-oriented gameplay as children interact with their favorite
friendly ghost. Parents of young children aged 5 to 7 will come to know
that the Stealth Learning logo not only means quality but also
substantive, safe interactivity for their kids that reaches beyond the
traditional "run, punch, jump and die" mentality of standard video
games.
"Sound Source has done a marvelous job producing CD-ROM titles based on
the Casper franchise," said Charles Day, Vice President, Consumer
Products for The Harvey Entertainment Company. "Harvey has big plans
for Casper over the next five years and we know that the Sound Source
Sony Playstation video game titles will be an exciting addition to the
Casper family of interactive products"
Sound Source Interactive is a leading publisher of children's
interactive CD-ROM software in the United States. The company is a
comprehensive software studio, producing an expanding list of award
winning software products that are based on licensed content derived
from popular children's literature, major motion pictures, video
franchises and long-standing television series.
The company has exclusive licenses from Universal Studios, Viacom
(Paramount Pictures Corp.), Warner Bros., MGM/UA, The Harvey
Entertainment Co., 20th Century Fox, New Line Cinema, Sony Signatures
and others.
Their products are available at major retailers including Sam's Club,
Wal-Mart, Target, Costco, Best Buy, Zany Brainy, Toys R Us, CompUSA,
eToys.com, Beyond.com, and other fine retailers. Sound Source
Interactive has headquarters in Calabasas, and trades on the OTC BB
under the symbol, SSII. Visit the company's Web site at
soundsourceinteractive.com.
The Harvey Entertainment Company is engaged in the management and
exploitation of its proprietary branded characters through
merchandising and filmed entertainment, which includes theatrical, home
video and television. The Harvey Classic Character Brands include
"Casper, the Friendly Ghost," "Fatso," "Stinkie and Stretch" (The
Ghostly Trio), "Richie Rich," "Baby Huey," "Hot Stuff," "Little
Audrey," "Wendy, The Good Little Witch," and many others.
For more information on The Harvey Entertainment Company, visit the
company's Web site at harvey.com.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Sound Source Interactive Inc., Calabasas
Vincent Bitetti, 818/878-0505
Andrea Frechette, 818/878-0505 ext 106 (media)
818/871-1972 (fax)
Afrechette@ssiimail.com
or
The Harvey Entertainment Company
David C. Collins, 212/835-8500 (media)
212/835-8525 (fax)
Collins@jcir.com
WEB PAGE: businesswire.com
GEOGRAPHY: CALIFORNIA INTERNATIONAL EUROPE
INDUSTRY CODE: COMED
COMPUTERS/ELECTRONICS
ENTERTAINMENT
INTERACTIVE/MULTIMEDIA/INTERNET
EDUCATION
PUBLISHING
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