JAKKS Pacific Inc. Added to S&P SmallCap 600 Index
MALIBU, Calif.--(BUSINESS WIRE)--Jan. 6, 2000--JAKKS Pacific Inc. (Nasdaq:JAKK - news) today announced that it will be added to the Standard & Poor's SmallCap 600 Index after the close of trading on Jan. 7, 2000.
The S&P SmallCap 600 Index is a market-value weighted index and consists of 600 domestic stocks chosen on the basis of market capitalization, liquidity and industry group representation. In adding a stock to the index, S&P closely analyzes the financial and operating condition of the company, with the goal of finding stable businesses that will keep turnover in the index low.
A candidate for addition to the index cannot be closely held, and it must demonstrate trading volume in its stock sufficient to ensure ample liquidity and efficient share pricing.
JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products, including: action figures and accessories featuring licensed characters, principally from the World Wrestling Federation®; Flying Colors® molded plastic activity sets, clay compound playsets and lunch boxes; Road Champs® die-cast collectible and toy vehicles; Remco® toy vehicles and role-play toys and accessories; Child Guidance® infant and preschool electronic toys, toy foam puzzle mats and blocks, activity sets and outdoor products; and fashion and mini dolls and related accessories.
--------------------------------------------------------------------------------
Contact:
JAKKS Pacific Inc., Malibu
Stephen Berman, 310/456-7799
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310/208-2550
|
