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( BW)(MA-PARAGON-CAPITAL) Toys International.Com Continues Expansion with $12 Million from Paragon Capital LLC; Toy Retailer to Open New Stores Under New Credit Agreement
Business/Technology Editors
NEEDHAM, Mass.--(BUSINESS WIRE)--Nov. 28, 2000--Paragon Capital today announced its support of their new client, Toys International.Com, Inc. The Needham, Mass., lender has provided a $12 million line of credit to the toy retailer to aid its further expansion of new stores.
"This financing will enable us to continue developing our core business while growing our store base into new and existing markets throughout the United States," said Carolyn Morrison, President of the San Marcos, California-based Toys International.Com, Inc. "Our continued expansion wouldn't have been possible without the support and flexibility of Paragon Capital. Their entire organization thinks like a retailer and we truly look forward to developing our relationship with them."
Toys International.Com, Inc. specializes in offering educational, specialty, collectible, specialty imported and traditional toys. Publicly traded on the Frankfurt Stock Exchange in Germany under the ticker symbol TY40, Toys International.Com is a subsidiary of Play Co. Toys & Entertainment Corp. (OTC Bulletin Board: PLCO.OB). The company operates under the Play Co. Toys, Toys International and Toy Co. trade names.
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