Play Co. Toys & Entertainment Corp. Announces Its Subsidiary, Toys
International, Is Seeking Corporate Partner to Develop TX40 Media Company OTC BB
SYMBOLS: Common Stock - PLCO Series E Preferred Stock - PLCOP Series E Preferred
Stock Warrants - PLCOW
SAN MARCOS, Calif., Jan 10, 2001 /PRNewswire via COMTEX/ -- Play Co. Toys &
Entertainment Corp. (OTC Bulletin Board: PLCO) ("Play Co. Toys" or the "Company"
for Play Co. Toys and subsidiaries collectively) announced today that its
majority owned Toys International.COM, Inc. ("Toys International") subsidiary is
seeking a major corporate partner to help it develop the TX40 concept into a
media company.
Richard Brady, Chief Executive Officer stated, "We wanted to let our
shareholders know what our strategy is with the storyline-based TX40 concept. We
believe that the TX40 concept has more relevance than ever in this era of
restructuring in the Internet arena. We plan to present the TX40 concept to a
number of significant media companies both in the United States and in Europe.
Our objective is to secure a knowledgeable and substantial partner in our quest
to develop the TX40 concept into a separate media company. We feel that this is
the next logical step to build on what we have already achieved with TX40. We
believe that creating a separate media company will enhance shareholder value in
the long term."
Play Co. Toys is a toy retailer with 38 stores located in twelve states. All 38
of those stores are operated by the Company's Toys International.COM, Inc.
subsidiary, which is publicly traded on the Frankfurt Stock Exchange under the
ticker symbol TY40. The Company operates under the Play Co. Toys, Toys
International and Toy Co. tradenames. The Company specializes in offering
educational, specialty, collectible, specialty imported and traditional toys.
Statements contained in this press release which are not historical facts may be
considered forward looking information with respect to plans, projections, or
future performance of Play Co. Toys as defined under the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from those projected. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
SOURCE Play Co. Toys & Entertainment Corp.
CONTACT: Play Co. Toys, 760-471-4505, fax, 760-471-9624
URL: playco.com
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