Stock Watcher,
Don't forget GRIN for POKEMON
Wednesday August 4, 12:30 pm Eastern Time
Company Press Release
SOURCE: Grand Toys International, Inc.
Grand Toys International Announces Licensing Agreement to Manufacture and Distribute Pokemon Products
MONTREAL, Aug. 4 /PRNewswire/ -- Grand Toys International, Inc. (Nasdaq: GRIN - news) today announced that it has entered into an exclusive licensing agreement with Nintendo Co. Ltd. to manufacture and distribute a line of products in Canada based on the popular Gameboy game and television series, Pokemon.
The Pokemon products, which will be included in our fall 1999 line-up, will include balls, kites and an extensive range of back-to-school items such as pens, pencils, portfolios, binders, organizers and stationery sets.
''Pokemon is currently one of the hottest fads and a favorite of both boys and girls,'' commented Steve Altro, Chairman. ''The addition of Pokemon to our diversified product portfolio demonstrates Grand Toys' strength as a value-added distributor and also recognizes our product development and marketing skills. The continuing growth of the back-to-school portion of our business also helps to diversify the seasonal patterns inherent in the toy business.''
Founded in 1960, Grand Toys International is a premier distributor of a wide variety of toys and ancillary items in Canada and since January 1, 1999, a manufacturer and distributor in the U.S.
This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and is subject to risk and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, but are not limited to, those related to business conditions and the financial strength of the retail industry, particularly for toy and toy-related products; the level of consumer spending for such products; the effect of currency translations; the ability of the Company to successfully obtain its products from suppliers; and the success of advertising, marketing and promotional campaigns.
Note: Further information on Grand Toys International, Inc. is available through the Company's website on the World Wide Web at grand.com .
To receive additional information on Grand Toys International, Inc., via fax, at no charge, dial 1-800-PRO-INFO and enter code GRIN.
SOURCE: Grand Toys International, Inc.
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