[BREAKING NEWS][05-19-00 01:29 AM ET] MATTEL© [$1.15] BID FOR NEWKIDCO? AKA AMY BOLAN, SR VP, GEN MGR MATTEL (NYSE:MAT) INTERACTIVE 16 FEB 2000 NOMINATION TO NKCIF BOARD OF DIRECTORS, NEWKIDCOs [PROXY] NOTICE OF [MAY 17, 2000] ANNUAL MEETING OF SHAREHOLDERS DTD 14 APRIL 2000[RECEIVED 18 MAY 2000], 23 MARCH 2000 NEWKIDCO [VCALL] CONFERENCE CALL, SMALLCAP ANALYSTs [10 MAY 2000] STRONG BUY, E.T. AND OTHER SCIENCE FICTION...OR...WHAT DID THEY KNOW AND WHEN DID THEY KNOW IT?[1.]...
[1.]
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23 Jan 2000 conversation with Paul Samulski, NewKidCo LLC, NY
"...Samulski further indicated that an employee who worked for him at Acclaim is now NewKidCo's key contact with Mattel© Interactive, NewKidCo's worldwide distribution partner..." Note: Our notes pursuant to said 01-23-00("SAMULSKI")("ESECURITIES") conversation confirm that said "employee" is Amy Boylan, whom was nominated to NewKidCo's Board of Directors, replacing Greg Bestick[2.] twenty-four (24) days after said ("SAMULSKI")("ESECURITIES") conversation. Source: Message 12652457
[2.]NewKidCo's 15 June 1999 News Release re: Mattel's significant investment in NewKidCo, 2,000,000 Share Purchase Warrant [and bid for NewKidCo] exercisable until 21 December 2000.
"...In connection with this financing, NewKidCo International has granted to Mattel, Inc., which was a significant participant in the Special Warrant Financing, a common share purchase warrant exercisable for 2,000,000 common shares at a price of Cdn.$2.60 exercisable until December 21, 2000 (subject to adjustment under certain circumstances). Such warrant is exercisable only in certain circumstances involving a change of control of the Company or the sale of all or substantially all of the video console assets of the Company or a bid by Mattel, Inc. for the shares or offer by Mattel, Inc. to acquire all the assets of the Company at a price which is at least a 15% premium to market which is not approved by the board or accepted by the shareholders...The Company is also pleased to announce the appointment of Greg Bestick, an officer of Mattel, Inc., and Hank Kaplan, President of the LLC, to the Company's board of directors..." [emphasis added] Source: 15 June 1999 esecurities
Message 10130060 and NewKidCo Company Press Release newkidco.com
Mattel fires Learning Company employees
By Bloomberg News
March 10, 2000, 2:00 p.m. PT
update EL SEGUNDO, Calif.--Mattel, the giant toymaker, said it's firing an undisclosed number of employees at its Learning Company interactive division in an effort to make it profitable.
The majority of the division's workers are based in the California cities of Novato and Fremont, said Mattel spokesman Glenn Bozarth. Mattel is expected to fire about 500 people, according to the Boston Herald, which cited unidentified sources..." Source: yahoo.cnet.com
The 23 March 2000 NewKidCo Vcall, Inc Conference Call ref/ [7:30:00/38:11.30] "...thank you Richard...we plan to release in this coming year...2000...12 new titles to join our portfolio of 11 titles that are still selling strongly in stores..." SOurce: Hank Kaplan, President, NewKidCo LLC 23 March 2000 [Vcall, Inc] [Internet] Conference Call vcall.com
Another Resignation For Troubled Mattel
By Jennifer Friedlin
TheStreet.com/NYTimes.com Staff Reporter
3/24/00 4:12 PM ET
Mattel (MAT:NYSE - news - boards), the beleaguered toy maker, said Friday its president, Ned Mansour, had resigned, leaving a management void following a recent string of departures including that of its chief executive, Jill Barad...Barad resigned in February as chairman and chief executive after failing to turn around weak sales and profits at the world's largest toy maker. In February, Harry Pearce resigned as chief financial officer..." Source: 3/24/00 [The day after said ("CONFERENCE CALL"). thestreet.com
"...NewKidCo is in need of additional capital within the next few months, anticipated to be approximately US$10,000,000, to meet working capital and capital expenditure needs, including to satisfy all its commitments to licensors, and to allow NewKidCo to continue to carry on its operations and fully pursue its opportunities, as the cash expected to be generated from NewKidCo's operations will not be sufficient to meet its needs. NewKidCo has recently signed an engagement letter with two leading Canadian investment banks to raise equity funds for NewKidCo and is pursuing a number of debt financing initiatives to satisfy its capital requirements. Due to its current limited working capital, NewKidCo has been delayed in making certain minimum royalty and other payments owing to certain of its licensors, one of whom has requested the payment default be resolved. NewKidCo is in co-operative discussions with this licensor to address this matter. Such licensors have the right to terminate their licensing agreements as a result of such defaults..." Source:
5 May 2000 biz.yahoo.com
NewKidCo Announces Multi-Year Multi-Platform Agreement With Universal Studios Consumer Products Group and Amblin Entertainment
BURLINGTON, Mass.--(BUSINESS WIRE)--May 15, 2000--
Children's video game publisher NewKidCo International Inc. (OTC BB:NKCIF - news; TSE:NKC - news) announced today they have entered into a multi-year agreement with Universal Studios Consumer Products Group and Amblin Entertainment to develop and publish interactive entertainment titles based on the classic property, E.T. The Extra-Terrestrial.
NewKidCo has obtained the rights to publish interactive game content for video game and PC platforms including PlayStation© game console, PlayStation© 2, Sega Dreamcast, Nintendo's Dolphin, Game Boy© Color, Game Boy Advance, Microsoft's X-box, and PC as well as dedicated console and PC accessories.
``We are very pleased and excited by the opportunity to work with Universal Studios and Amblin Entertainment to reintroduce this perennial favorite through the new interactive technologies'', stated Hank Kaplan, President of NewKidCo.
``Our broad rights in this relationship have the potential to lead to many exciting advances in the world of interactive entertainment by developing high end and futuristic applications for this globally renowned family property,'' added Richard Rabins, CEO of NewKidCo International Inc.
``E.T. is one of our most popular and cherished properties,'' said Nancy Cushing-Jones, president of publishing rights, Universal Studios Consumer Products Group. ``We are delighted to partner with NewKidCo and look forward to the development of unique and innovative interactive product.''
E.T. is the timeless story of a lost little visitor from another planet who is befriended and protected by a young boy. Together, they find a way to return the young alien home. The film, originally released in June 1982, earned over $700 million in worldwide box office. It holds the record for Universal as its highest grossing domestic film and has inspired one of the most successful licensing programs in the history of Universal..." Source: 15 May 2000 biz.yahoo.com
17 May 2000 Q1 2000 NewKidCo Inverted Working Capital/Technically Insolvent Announcement biz.yahoo.com
The sandwiching in of the E.T. license between two allegedly engineered "technically insolvent"/"U.S. GAAP ongoing concern" announcements now makes ultimate sense?...NewKidCo (OTC:NKCIF)(TSE:NKC) is simply being set up for said "...bid by Mattel, Inc. for the shares or offer by Mattel, Inc. to acquire all the assets of the Company at a price which is at least a 15% premium to market which is not approved by the board or accepted by the shareholders..."?...
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